General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
primary residence. easement granted,question
I am buying a primary residence and after looking at the property tax record for the property. I saw there was a small 7 foot parallel line easement granted from my property to the neighbors on one side of the house.
I asked the sellers and apparently, a small part of the neighbors driveway when built crossed over into the property i am looking at buying. It was this way for years, and apparently, when the neighbor went to sell, my sellers, ended up granting him a legal easement for this small sliver of land, so it was all legal. My question, is what /if any resale value is effected on the property i am looking at buying by this small easement. Would the land be usuable to my lot at all? No not really. its to small and just would be another strip or two to mow.
It doesn't effect the use of my property at all, except, that their drive way is a little closer to my house, then it should of been.
Any thoughts, on how this might effect resale value?