Quote:
Originally posted by Jim Cesiro
So do I sell for what I have in it or do I sell for fair market?
Part of me says to sell at fair market. Another (my nice or sucker side) says sell for what I have in it.
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Sell for fair market value.
Save your "niceness" for friends and family.
That said, if the lot is not buildable, is it's fair market value of $70-80K accurate? How much would it cost to move the encroaching house? Can the encroaching house owners put up any legitimate legal battle (adverse possession?) to take part of the lot? Just as you made the "good business decision" to buy the lot from the builder, would there be any "good business" reasons to take less than fair market value for the lot?