Skip to main content

Power line right of way- compensation

I’m working with a farmer neighbor hoping he will grant me right of way on his property so I can have overhead power lines installed to power my new construction home next door

The farmland is about 70 acres. Valued at approx $750,000. Vacant land with an outbuilding.

The right of way I need would be approx 30ft wide by about 400’ long through brush and some woods (would be cleared for electric poles to be installed and maintained by power co)

There’s approximately 1500’ or so of power lines already running through the property going to a couple other neighboring buildings and homes. I would just be looking to “build” a 400’ leg off existing lines

He’s a pretty fair guy. He’s asking if I have a compensation dollar amount in mind $$$

In no way would this impede his business, or privacy , or access to the property. Actually the right of way would run tight to the property line (in a no building “setback” zone anyway) I can’t see there being any real diminished value to the property.

I have no idea how much to offer…

Any suggestions? He would have to pay nothing obviously, nor would he need to upkeep the wires or even clear the vegetation around them. That being said I don’t want to lowball or offer some insultingly low amount. Help! Lol

submitted by /u/jkl123543
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/wb079e/power_line_right_of_way_compensation/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more