All Forum Posts by: Shane Lyons

Appreciate the reply. We are in talks with an attorney in our area for representation on this. 

From they way they talked when they showed us the plans, they need on land for this development to occur. As far as land value, it is probably only around 2K for the amount of land they want to obtain. I think the hard part to assess is change in scenery. We purchased this house based on it being near town, but moderately rural. With this development added, we lose some of the rural benefits we enjoyed, add more traffic and have to deal with road and home construction for a while. 

We were recently contacted by a real estate developer who desires to purchase a portion of our land(roughly 13'x210', all along the road). We have 2.25 acres. They need this land so they can add turn lanes to our road. They will be building a development across the street and they are required to add turn lanes due to the size. The development will be 170 units(combination of single family homes and townhomes). When they sat down with my wife and I to show us the plans, they said they were hoping to give us 10K for the piece of property.

I am hoping that someone has experience in this occuring and amount of money received. In discussions with our realtor and a friend who owns a development company, their offer is extremely low.