At my primary residence in Hurst I've had an offer to sell access for a driveway to my neighbor. Obviously it would impact the value of my property. He says he would build the driveway by the property line.
I don't need the land itself but I don't want to impact the resale value of the property iwithout being fully compensated.
1) are there comps available for such a sale?
2) would it be better to sell him use as an easement & retain ownership? What conditions could I include to insure he uses the property as not to affect me? How could I enforce infringements without hiring a lawyer at every infraction?
somewhat related:
3) I've had a water issue with his drainage since I've moved here. I would like him to correct his drainage, create & record an easement. This may be a good opportunity to do that & roll in the costs with the price we arrive at.
My tentative plan is getting him to reveal a price first...Art of Deal!
Thanks for any ideas...this transaction has alot of moving parts so I wanted to be covered in various scenarios.
