Chosen by Asker

1st make sure you get enough to pay off the lien if you have one. 2nd I would shoot for pay off x 1 3rd they should pay all your moving costs 4th make sure everything is free and clear 5th don't sign anything without an attonrey looking it over REMEMBER the BOLD print give'th, the SMALL print take'th away! Reply to this message if you need legal services, I can provide a excellent benefit plan that covers the entire family! You will have access to your rights 24/7 and protect your Identity at the same time!

by citronge

3 years ago

Asker's Rating: 

The fair market value and if they want it and you won't sell they will cry to the city. The city will then use the law to TAKE it from you for less than market value. So you're screwed, just bend over and take what the developer is offering you.

by N3WJL- 3 years ago

What you are experiencing is called an assemblage, which is commonly done when putting together several different properties into one property and converting the residential nature of the individual properties into commercial use. First of all the value of your property relating to an assemblage is not the same as the residential value of an individual home. Therefore I would suggest that you call several local Realtors and ask them what the price of commercial property per square foot is and apply that value to your property. You need to keep in mind that chances are that the value of the home (building) has no value to the developer since chances are that they will demolish it. You might want to strike a deal with the developer that if you find a similar home to your liking somewhere else that they will buy it and trade it for your home on a 1031 exchange, that's assuming of course you want another home.

by newmexicorealestateforms- 3 years ago