All Forum Posts by: Ben Vitale

I do have a copy of the plat from the surveyor with approval stamp from the town selectboard so I'm thinking that process is complete. Additionally some of the parcels have been individually listed in the MLS over the past few years (with no success).

The entire 57 acre parcel has been a single plot for at least the last 100 years, I went back through the land records. Only the most recent owners subdivided in an attempt to sell.

For what its worth my intentions are to pay cash if possible for the five bare land parcels (54 acres) so that I don't have to try and finance that. And use a construction loan to handle purchase of the farmhouse (which needs gut/rehab) with 3 acres.

Either way the discussion here lends me to believe that I have options. Thanks a lot guys!

As far as the subdivision goes it seems to be in place from a land records standpoint but I don't believe there are separate deeds or separate tax bills. I have evidence of a single tax bill for the whole parcel.

Here is the land record listing
http://img443.imageshack.us/img443/977/57acregrandlist.png

Here is the map in the town records
http://img825.imageshack.us/img825/8910/57acremap.png

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.