Selling a home, include all your acerage?

[bugstruck]

Paddy, I'd likely sell it separate if it's anything like most locales there. You'll take a hit on the sale of the house but not enough to offset the value of the lot. However, you'll loose any tax benefits the house provides, so I'd check that too. Here, the first acre is worth about 130K, two acres 200K, three acres 250K and each additional acre past 3 about 15K. So here, the house is worth nearly as much on 6 as it is on 10. Splitting the sale would be a no brainer here even with the tax implication. Deed the land from the back lot to the road on that parcel. It's worth more in direct deed to the back parcel than right-of-way on the front. Nobody can contest a deeded access lane. In a buyers mind a right-of way isn't theirs and could be disputed. They would be correct in that assumption.

 

[JimMorrissey]

I'd say keep the lot. People who want the house want the house, they don't necessarily shop for land or discount the home because it doesn't come with extra acreage. If it's priced correctly, it will sell regardless. Keep that lot until the next real estate boom in about ten years and you'll be one happy man. You've got a situation that many people work very hard to get. All you need to do is have some legal work taken care of (easements). Keep the lot! You can use it in the future as financing vehicle if nothing else. Personally, I think you'd be give the land away if you try to market it together or seperate. Unless you're leaving the area for Florida or something along those lines.....keep it.

 

[goodoleboy]

Dont bet on the buyer of the home to purchase the land. I played that card and it did not work. I even offered not to involve a realtor lowering the cost thousands..

Though smaller parcels do bring more money.It depends how small you are talking. I would not buy an acre lot if all my neigbors had 10 acres. IF the lot can be divided and acess provided I think you could make more money. It all depends on the area, Are other home lots larger or smaller?
Ive seen an acre split up 4 times after a home was built on the original acre.

I would sell it all together. No mess and it keeps it simple.

 

[TOMDUALLY]

I would list it as (house w/ 6acres XXX$--house with 10 acres XXX$) that way the buyer could have his choice but sell the house first before selling off the front 4 acres.