Zillow Advice: Selling Process - Selling a home with or without next door lot http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ Zillow Advice | Zillow Real Estate The house and the lot are ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ The house and the lot are separate properties. We purchased them at different times. The lot is definitely buildable but is currently landscaped in a way that makes it part of our yard. <br/><br/>It's a highly desirable lot in the heart of an historic town and with water/mountain views. We've actually had several requests to purchase it but want to keep it until we have sold the house so that it is available to the house buyer.&nbsp; <br/><br/>What we want to do is have a listing for the house on one lot ($438K) and then a second listing for the house on its double lot (price to be determined but probably around $575K.)<br/><br/>Right now, the house is listed at $438K with a note that the lot is "available to buyer." But no one in the $575K range is looking at the house because it's just not coming up in their searches.&nbsp; <br/><br/> Sat, 29 Dec 2012 16:59:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-29T16:59:00Z Go into your county's public&nbsp;record ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ Go into your county's public&nbsp;record and check how the house and the lot are written in the deed.&nbsp; If they are together, that will be the way that the Real estate agent have to list it.<br/>Maria Cipollone Sat, 29 Dec 2012 16:22:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-29T16:22:00Z It can be done in my local ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ It can be done in my local MLS. The agent can list in in my area with no address, just a street name and zip code with the other details of the lot as long as it is a separate legal parcel.<br/><br/>Check with your local building department and make sure it is legally separate, but if it is I would bet there is a way to list it separately in the local MLS even if it currently shares a street address. Sat, 29 Dec 2012 01:09:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-29T01:09:00Z Thanks so much, everyone, ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ Thanks so much, everyone, for these replies. What I really want to do is have two listings--one for the house and a second one for the house plus lot. Because both listings would have the same street address, my agent doesn't know that the MLS will accept both listings. So, I'm wondering if it is legal/possible to do this. I'm gathering from the answers here that it can be done? Sat, 29 Dec 2012 00:22:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-29T00:22:00Z I would not sell the two ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ I would not sell the two parcels together, but market them to different buyers. I believe you will have the best success this way. Mon, 24 Dec 2012 17:54:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-24T17:54:00Z The listing can be done separately, ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ The listing can be done separately, The house with the lot in a particular price amount and the home alone with another amount. According to my perception this will be appreciated, and you will get positive responses soon. Wed, 19 Dec 2012 05:06:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-19T05:06:00Z We would recommend that they ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ We would recommend that they just adjust the agent comments in the MLS. Fri, 14 Dec 2012 21:42:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-14T21:42:00Z It is absolutely possible, ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ It is absolutely possible, and I think the other posts here have confirmed that. For what it is worth I don't like splitting up double lots. The majority of the time that extra lot actually improves the overall sales price COMBINED versus being separate. Certainly you probably know which way it goes, but extra acreage tends to make the LOT one of the best in the neighborhood.&nbsp;<br/><br/>Of course the appraisal is a good idea, and it does sound like from feedback that what is happening is the house itself is becoming the barrier to the higher price. This does sometimes happen in your situation with the lot and needs to be put into consideration. This may answer my view above already.<br/><br/>However, if I was the listing agent the marketing plan seems very simple to me. Builders would be a slam dunk for this house, because they value these types of lots very highly. If it is an investor type house I attack that group as well, but that does not seem to be the case with you.<br/><br/>So to me the first step would be confirming the true value of that second lot. If you have it overpriced it really won't matter if you try to hold onto it and sell separate. I hold of the opinion that double lots tend to be appraised higher COMBINED then separate, however this should be determined during the appraisal process.<br/><br/>From there I would focus all my marketing efforts towards builders (they should be very easy to find in your community), and they will give a lot of really good feedback.<br/><br/>Lastly, I would see if there were any improvements to your actual home to get buyers at the higher price point pulling the trigger. In truth by doing that you are increasing the second lot. It all comes down to the 2 price points you can choose to sell your home in, and what your competition looks like. I just don't know all the information to tell you for certain the best route, but hopefully I have given you some ideas.<br/><br/>FYI drop the listing agent and go with someone who works with builders as an added layer. He will have a lot of contacts for you that will be helpful for this home, and can also give you more helpful insight on the double lot. If your current listing agent didn't know the answer to your question, and thus why you had to come on Zillow he is a dud. I don't confess to know everything about real estate, but if I don't I find the answer for my clients within 24 hours and am always honest with them. Realtors are supposed to be master&nbsp;networking agents, and he comes across as lazy to me.<br/><br/>Good luck!<br/><br/>~Chris&nbsp; Fri, 14 Dec 2012 18:25:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-14T18:25:00Z Vince is right. Asking an ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ Vince is right. Asking an appraiser is a good place the start. If you want to sell the lot and house separately, you may need to fence off the lot from the main house so it is truly separate when the buyer comes to look at it. Many houses on double lots have lovely yards, but you have to be clear when you sell what is included and what is not.<br/><br/>I don't know how your market is, but in my market I would probably opt to sell the main house separate form the lot or to hold the lot back from the sale right now. Chances are you will not get much more for for the double lot and you may get more down the line if you list it separately. <br/><br/>Talk to your agent about how to split the lot from the listing. Also talk to your local building department about whether your lot is actually buildable and legally separate. Fri, 14 Dec 2012 17:07:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-14T17:07:00Z You could simply change the ... http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ You could simply change the acreage and price in a second listing to reflect the addition of the second lot and make a note in the listing stating that that is what you have done. Fri, 14 Dec 2012 17:00:00 GMT http://www.zillow.com/advice-thread/Selling-a-home-with-or-without-next-door-lot/471244/ 2012-12-14T17:00:00Z