Posted by Hotflashjr on March 06, 2008 at 12:03:13 from (199.144.35.27):
In Reply to: What's it worth?? posted by wyod on March 06, 2008 at 11:56:33:
I would spend the money and get an appraisal done, or force the realtor to provide an appraisal for the right of way. This will give you a valid value for the property and a price to go for. If they really want the right of way, try to squeeze a bit more out of'em. If this is not a Municipality seeking a right of way, then they usually can not take it by imminent domain. Be careful if you sell the whole piece, if you are under 65 the capital gains will quite large, and you will lose a substantial part of the value you would get from the sale.
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