Quote:
Originally Posted by winson604
Exactly like my parents house in Van which just sold. It's a up to 33 x 110 lot but in reality we only ever owned 33 x 103 of it. Realtor noted on the listing that you can purchase the 7 feet back. I looked into the history and process to buy it back. Basically, it was held years and years ago with the potential to be used by translink for a bus line, it never happened. Buying it back however wasn't simply a hey here's a check for the 7 feet. You had to get them to review if they would even sell it back to you and that process in itself costs $10K and if they decide yes then it's at market value of course.
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The realtors don't know shit. if the title states there is road dedication for the City, you need to first talk with the City and figure out if the approving officer will actually grant the release of the covenant. Then you have to pay to have the survey done, followed by all the paperwork and notary involved to have the land released back to your name at the LTO.
All in all, you're looking at 25k + in cost and a ton of waiting.