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KFC911 11-05-2019 04:04 AM

Real Estate question....
 
Is there a way to sell a SFH (structure only) but not the property it's on?

asphaltgambler 11-05-2019 04:41 AM

If the house is permently attached to the ground ( foundation ) then no. It is 1 entity / asset. Why would you want to do that?

Jims5543 11-05-2019 04:46 AM

Yes, I have seen it happen, that is why there are businesses called house movers.

In some cases historic houses have been donated in others sold off the land to make room for something else. Typically the house or building has a historic value.

Edit, I have dealt with this company staking the location of a house that was being moved. It was on a monolithic slab too.

https://www.browniecompanies.com/

Nickshu 11-05-2019 04:49 AM

I have seen land lease setups around here that do exactly that so I guess it's possible, assuming you are talking about not moving the structure, just selling it and keeping the land it's on. I would call a real estate attorney in your state.

Porchdog 11-05-2019 05:32 AM

It's pretty common for commercial tenants to lease the land and put up their own building on it. Here in PA there are a bunch of vacation/hunting cottages on leased State Forest land.

Absent moving the house or leasing the property it's not clear to me how that would be structured. A real estate attorney would have ideas.

KFC911 11-05-2019 05:40 AM

Quote:

Originally Posted by Nickshu (Post 10647041)
I have seen land lease setups around here that do exactly that so I guess it's possible, assuming you are talking about not moving the structure, just selling it and keeping the land it's on. I would call a real estate attorney in your state.

This is what I'm thinking, and there might be other ways to skin this dawg. I'll definitely consult a RE atty.

Thanks!

john70t 11-05-2019 06:32 AM

Maybe a 100yr lease, both sides transferable? I know someone who has this.
A defined right-of-way for driveway included.
The sewer/water lines might still remain a liability to either side unless also specified.
Also upkeep of the structure I'd suppose. Insurance. Paying bills. Stipulations for noise trash etc.

Anything can happen and vague language will co$t everyone.

Jims5543 11-05-2019 06:51 AM

Misunderstood your initial question.


There are entire communities here where the folks own the CBS house on a leased lot. It started as a trailer park years ago. Now they are building houses on lots they lease.

So yes, what you propose has been done and can be done.

Sent from my SM-G960U using Tapatalk

LWJ 11-05-2019 05:06 PM

Absolutely.

Lots of Federal land with leased cabins all over.

I think that you have a very hard time getting a mortgage on these.

They do exist.

KFC911 11-06-2019 01:58 AM

^^^ I would "owner finance" the purchase of the house...thanks all!


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