Two offers mutually contingent

[Ben Vitale]

I'm not sure this even makes sense so here goes.

Property for sale is a 57 acre parcel with a subdivision in place for 6 parcels. One of the parcels is an old farmhouse with 3 acres. We are interested in purchasing the entire 57 acres and keeping it all together but financing is problematic due to the excess acreage and the uniqueness of this parcel size in the surrounding area.

Is it possible to make two offers to the seller, one for five of the parcels (54 acres of bare land) and one for the 3 acres w/ house. This would allow us to finance the land in more creative ways while going with conventional financing for the house.

The gotcha is that I don't want to be in a situation where one offer is accepted but the other is not, or both offers are accepted but then one falls through. They need to be "mutually contingent" in some way. Or should it just be one offer?

Obviously I will consult a local real estate attorney before offering but looking for any input on the feasibility of these scenarios. Thanks.

[Jon Holdman]

Seems odd. Either it's been subdivided and each parcel has a legal description or they don't. Is the subdivision process incomplete, perhaps? Maybe they drew and recorded the plat map but didn't complete the subdivision. What does the seller say about it? A title company should be able to figure out what's going on.

I like Bills idea of a single offer with values for the different pieces. And financing contingencies that lay out you intend to get multiple loans and need separate deeds.