Rytheric posted:

I'm the kind of guy who just wants to buy the property and be done with it and just accept the consequences and salvage what I can out of my purchase. So I'm inclined to buy it anyway.

corgski posted:

I'm assuming he's dealing with a seller's agent, (and since he doesn't have an agent himself he's getting hosed sideways by them) but who knows.

taqueso posted:

They'll never know if you are living on the property underground

Rytheric posted:

Rytheric posted:

So the seller is just a wholesaler who had a contract to sell the property which expires in March. He was going to sell it to me for $20,000 at $5000 down. The owner wanted $10,000 at $2000 down. So the wholesaler was going to walk away with $3000 down which he was going to expense to the survey and take off with the payments for the remainder $7000. The wholesaler got upset with the owner because the owner was taking too long and waived off his surveyor twice and backed off. He sold me the title search and equitable interest for $1000. He told me to knock on the owner's door with the paperwork he provided me and have him sign it for $10,000 as he agreed upon, but I had no idea who the lawyer and everything was so I was waiting on my lawyer.

In the mean time I went ahead and scheduled a soil scientist to confirm whether or not the land perks. Which was $600. So I've invested $1600 in the property so far.

I was cool with the price point at $10,000 because I was cool with the original $20,000 and was hoping to use that price difference to afford the permitting and such. As the total cost to buy im estimating to be roughly $7000-$10000 bringing me back to $20,000. I think im willing to buy for $15,000 to split the cost. But paying $20,000 while okay is rather unpleasant.

HycoCam posted:

This is all happening somewhere in North Carolina?

So much....My #1 recommendation is to make sure you have a serious First Aid kit. Like bandages, tourniquets, blood stop, disinfectants, burn salvo--the works.

Second--if you legit have the cash to buy a parcel of land, think about engaging a professional when you know the area you want. If you want to buy the land you are going to at least need a real estate attorney to make sure there is a clear title and to record the sale. If you acquire the services of a real estate professional in the area they will have access to all the current inventory for sale. They will know what the challenges are for beginning development on a parcel and have all sorts of valuable knowledge.

Because if you are serious about building--you'll need permits. You'll need permits for everything--and you won't be getting any permits for an outhouse. Not in North Carolina and not if it is near navigable water. Outhouses can be permitted--but not on .75 acres--lol.

As for the power process. Your home is going to have electricity at some point, right? One of the first steps in building is having the inspector inspect and pass your temporary "saw" pole. Once your temp "saw" pole is legally permitted, the power company runs power to it and viola--you have a meter on your property with legit 240V electricity to run all your tools and lights. Because seriously--you'd build a house out of battery pack and hand tools and then when it is all done figure out the whole how do we get electricity to the property thing?

(Please don't tell me I missed the whole it is going to be an off-the grid solar project...on a .75 acre plot with neighbors. I missed it, didn't I?)

corgski posted:

Holy poo poo dude you're being taken for a ride. Get an agent and start looking for land through them and accept that this is sunk costs on a literal scam.

Drone posted:

Scaaaaaaaaaaaaaam.

corgski posted:

Holy poo poo dude you're being taken for a ride. Get an agent and start looking for land through them and accept that this is sunk costs on a literal scam.

corgski posted:

Holy poo poo dude you're being taken for a ride. Get an agent and start looking for land through them and accept that this is sunk costs on a literal scam.

Otacon posted:

Please find another plot of cheap land, this really does sound like you're being taken for a ride.

Everett False posted:

I don't know if "goon in a well" really applies when the goon in question isn't actually asking for advice on getting out of the well.

This is more like, some goons saw Ry lowering himself into a well and when they asked what the gently caress he said, "idk man, I like the vibe". Then they invited more goons to come see this dude in the well, and some of those goons said, "Why are you digging? That's not going to get you out of the well!" but Ry was like, "I just figured I'd make more room, I'm not trying to get out, I'm vibin." Other goons said, "There are legitimate safety concerns involved in being in a well" and Ry went "idk man this well has been here for a while" and when they said, "Yeah but now you've dug a room under it, also it might start to get moldy" he went, "Hm... I hadn't considered mold." Meanwhile there's a contingent of goons saying, "There is no good reason to dig yourself a room under a well, this is stupid, you shouldn't have done it, and there's no way you're going to be able to stay down there assuming you even did any digging down there at all, which I assume you didn't, because that would be stupid." To which Ry shrugged and said, "It seems fine so far, I guess we'll see how it goes. Do you want to see my new telescope? I'm thinking about turning it into a periscope so I can see out of the well without pulling myself up the bucket pulley system I built out of zipties."

Rytheric posted:

All the being said. A wrench has been throw in the plan because the owner said he re-evaluated the land and now wants $20,000. I'm evaluating if I want to accept that. I was originally going to accept that when I was going to be buying it from the seller so now it's back up to the original cost. I told the seller about the owner doubling the price and he said that the owner is an a-hole and is a waste of time. The owner is justifying the price change by saying that the seller didn't give him time to get the paperwork together for a proper valuation and that the work he doesn't want to lose out on what he wasted on seeing if the land perked or not and the taxes he has paid over time and that the tax value for one property is 10k and they expect the value of the other property to be the same. Once it's cut off. (I imagine it's only 5k though)

My boss is telling me to walk and so are the geese whom I hold dear. Many are saying he is just trying to see how much he could get out of me. Unfortunately I have become somewhat emotionally attached to the property. The former seller is saying that the valuation is whatever yall decide upon regardless of the tax value and if I see value in it at 20k then go for it.

Perkable land across the rail tracks from the property is going for 16k for half the acreage, but I think the powerlines take up too much of the property and it doesn't have a well or pre-approved privys.

I also have an option of 3 acres near a different lake (would have to move my sailboat) for $6000 but i would have to go through the perc process there too for $3000 and it doesn't have a road but an easement that goes through 4 properties so it's got issues too.

I'm the kind of guy who just wants to buy the property and be done with it and just accept the consequences and salvage what I can out of my purchase. So I'm inclined to buy it anyway.

Edit: he told me to dwell on it for a week and then get back to him.

Rytheric posted:

So it has a outhouse permit grandfathered in. I already spoke with the county about it, but once the building is built I have to abandon them. I have the codes and everything in the second post in this thread for the outhouse.

It also already has a power line to go to it. The outhouse area has a light pole too.

Rytheric posted:

If I can get him to drop it to 15k then it would be better than the 16k property nearby. The seller of that land is selling it on behalf of the county and he says they it has to be perked for the county to sell it to an individual. I may check if that is truly the case. But if I can get him to drop it to at least that that might be worth it.

The 3 acres for $6,000 is looking favorable now.

Rytheric posted:

If I can get him to drop it to 15k then it would be better than the 16k property nearby. The seller of that land is selling it on behalf of the county and he says they it has to be perked for the county to sell it to an individual. I may check if that is truly the case. But if I can get him to drop it to at least that that might be worth it.

The 3 acres for $6,000 is looking favorable now.

Mr. Nice! posted:

Have you actually confirmed that Owner owns the land?

I would say bail and go get some land that isn't going to be as much trouble. You can get land all over for cheaper/less hassle/less scammy.

Rytheric posted:

Yes. I have a title search and have looked up the previous septic reports and such on the land.

taqueso posted:

I can do a double-check title search verification for just $100

Motronic posted:

You have a "title search" that you paid $1,000 for by one of the people trying to scam you. What are the chances it's accurate?

schmug posted:

I will do it for $75.

(USER WAS PUT ON PROBATION FOR THIS POST)

Everett False posted:

This is more like, some goons saw Ry lowering himself into a well and when they asked what the gently caress he said, "idk man, I like the vibe". Then they invited more goons to come see this dude in the well, and some of those goons said, "Why are you digging? That's not going to get you out of the well!" but Ry was like, "I just figured I'd make more room, I'm not trying to get out, I'm vibin." Other goons said, "There are legitimate safety concerns involved in being in a well" and Ry went "idk man this well has been here for a while" and when they said, "Yeah but now you've dug a room under it, also it might start to get moldy" he went, "Hm... I hadn't considered mold." Meanwhile there's a contingent of goons saying, "There is no good reason to dig yourself a room under a well, this is stupid, you shouldn't have done it, and there's no way you're going to be able to stay down there assuming you even did any digging down there at all, which I assume you didn't, because that would be stupid." To which Ry shrugged and said, "It seems fine so far, I guess we'll see how it goes. Do you want to see my new telescope? I'm thinking about turning it into a periscope so I can see out of the well without pulling myself up the bucket pulley system I built out of zipties."

Rytheric posted:

There is a general trend in my life that whenever I go to buy a piece of property someone buys it out from under me. So I wanted to freeze the owners ability to sell until I got the septic permit.

ellie the beep posted:

remember how you were scammed out of pretend money for mining permits and everybody had a good laugh and you got your money back?

the seller is scamming you and he will absolutely not give any of the real actual money back