Splitting up one piece of property and selling it in smaller sections can have unexpected consequences down the road. If you’re running into problems selling your land because of a previous split, contact me today and I’ll help to get you squared away.
What is a remainder tract and why is it bad?
A common scenario I see is a large tract of land, possibly handed down through a family, being split and a small section of it sold off. During this split, only the small area being sold is surveyed, rather than the entire property. Later, the rest of the land, or the remainder tract, is put up for sale. This land was never surveyed, and this is a big problem. It’s not as easy as subtracting the previous sale from the original total acreage. New boundaries need to be established, and proper measurements taken. Without these measurements and boundaries, the land cannot be sold.
If you’re having trouble with buying or selling property because of an improperly performed survey, contact me today and I’ll help you move through the steps needed to fix your problem.