I want to approach a vendor who lives on a corner lot . I want to have them consider to sell the unused land to me , whilst they continue to live in the house. I can cover all the costs and recover them on completion of the sale of the land.
What would be the best approach
One option is to offer to buy it subject to the relevant council planning permissions… but on the contract, consider putting your name OR NOMINEE. That way you never pay stamp duty. You just handball it on to your buyer.
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Im sorry I didnt explain myself clearly
My intentions are avoiding a land agent and getting a piece of dirt at land value.
Ineed to show them the benefits, they get to continue living in their house and they receive money for it .
So do I approach a valuer
I bought a big block of land with one house on it and now the previous owner is renting it from me whilst I seek plans and approvals. This was done through a real estate agent. Unless you are offering top dollar, they would most likely decline your offer directly without an agent.
It seems you just want the unused land and not the house. In that case, the owner would have to sub-divide and sell you the land separately. It wont hurt to ask them if they want to do that.
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