Hi,
I'm looking at the option of purchasing a block which is just shy of being subdivideable. If I were to purchase the neighbouring residence I would be able to subdivide into 3 larger blocks possibly to construct 6 dwellings.
What is the procedure to approach a neighbour to purchase their property (conditional to purchasing first property)?
– Do I ask an agent to approach on my behalf?
– Do I approach with contracts in hand?
– Should I offer market or above market value?
etc…
Any help would be greatly appreciated.
This has happened to me and the approacher made initial contact via letter. He introduced himself, enquired whether I would like to discuss potential opportunities and gave his contact details. As a cold contact it came across as a professional way to commence dialog and I contacted him after receiving his invite and am still in semi negotiations with him to this day.
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