Will anybody buy this property?

[Darrin Guillory]

So I have a potential property that an owner wants to sell but there's a dilemma. The owner doesn't want to sell the land, they just want to sell the home, Her and her husband don't want to repair the home because its older, they would rather sell it and put that money towards building a new home instead. If I get it under contract for the right price has anyone ever heard of a buyer buying in this type of situation? They would have to relocate the home off the land, it's not a mobile home its a SFR 2/1.

[Joedocei Hill]

I am not familiar with the laws in Texas nor have I ran into a situation like this but I would imagine you would need to involve a lawyer who specializes in land.

Being that the owners do not want to sell the actual property the home sits on, I believe that would legally mean (*I am not a lawyer*) that at any time they could say "Hey I want to use or sell my land, get off it by tomorrow" and they would have the right to do since they own the land.

Also, another hairy situation with that would be who pays taxes? In my county (and in general I believe) the property taxes are based on the actual land value. Therefore if the owner owns the land but someone else has a property on it, I would say the taxes fall on the shoulders of the actual land owner but that's a debate to be had by the home owner and land owner.

I've never heard of a situation like this but would guarantee you would need to get a vetted lawyer to draw up a contract saying that the land owner has to abide by some rules when they decide they want to use their land again for whatever purpose. I'll be interested in following this post to see the recommendations of others.

Also, are you a wholesaler in Texas? I am hoping to relocate to the Dallas area next summer.