Buying land off a neighbour

[smj1]

I have agreed to buy small bit land off a neighbour, only 4 acres or so - just in the process of agreeing a price which I am assuming will be done as we are not far apart. Has anyone experience of doing this? The land was not for sale - I approached them and it will be a cash purchase. What happens when we agree a price? How do we go forward from there? Do we need an agent to draw up a plan in addition to using solicitors or can we draw up the plan ourselves? I am also budgeting for paying their solicitors. I have bought land before but its always been for sale so the agent has set the ball rolling. I have no idea how to progress it!

 

[MrNoo]

Shake his/her hand and the deal's done. Get your solicitor to contact his and they should sort it.

 

[Kidds]

You will need land registry compliant maps and will need a solicitor to draw up a contract and TP1.

 

[Exfarmer]

When you agree the deal give him some cash as a deposit.
As a young man I had always hankered on a piece of land next door and when the couple divorced , I went to the owner and negotiated a fair price with her. Agreed to paying solicitor who was hers too.
went to see him on Monday . Sadly the following week she changed her mind, the solicitor told me if I had paid just £5 deposit the sale would have had to go through

 

[DanniAgro]

When you agree the deal give him some cash as a deposit.
As a young man I had always hankered on a piece of land next door and when the couple divorced , I went to the owner and negotiated a fair price with her. Agreed to paying solicitor who was hers too.
went to see him on Monday . Sadly the following week she changed her mind, the solicitor told me if I had paid just £5 deposit the sale would have had to go through

That's rather unusual, sharing solicitors for a contract deal, isn't it?

 

[serf]

Think it's ok using same solicitors practise , but need to use a diff. Partner or solicitor within that practice.

 

[chickens and wheat]

We managed to share solicitors, when making a purchase, Nothing to loose really they cant alter values and are not allowed to hide any pertinent facts affecting the agreed deal

 

[Nearly]

There's a stupid 47 page land questionaire that lazy solicitors try and get the vendor to fill in. It's more suited to sale of a farm with house, buildings and issues. asbestos and gas stop taps etc.
Start by telling the solicitor(s) that that's not relevant and you'll sort out that stuff between you.
I just told ours to do the legal searches and transfer the ownership.

 

[ISCO]

When you agree the deal give him some cash as a deposit.
As a young man I had always hankered on a piece of land next door and when the couple divorced , I went to the owner and negotiated a fair price with her. Agreed to paying solicitor who was hers too.
went to see him on Monday . Sadly the following week she changed her mind, the solicitor told me if I had paid just £5 deposit the sale would have had to go through

Contract for sale of land must be in writing. A pre , contract deposit should be avoided as if seller changes mind prior to exchange you may have problems getting it back.
Same firm can act for buyer and seller but must be different solicitors.
Your seller will ask for replies to CPSE agricultural enquiries which are tailored to cover all land transactions from an acre to country estates. Most replies are irrelevant but if you tell your solicitor not to do these you will be asked to sign a disclaimer.
You do need a land registry compliant plan if land is part of larger title number. Sometimes the title plan can be utilised together with.messurements to show the area you are buying.
Your next step should be to instruct a solicitor.. They will tell you if you need to have an agent prepare a plan when they have seen the title plan.

 

[Chae1]

When you agree the deal give him some cash as a deposit.
As a young man I had always hankered on a piece of land next door and when the couple divorced , I went to the owner and negotiated a fair price with her. Agreed to paying solicitor who was hers too.
went to see him on Monday . Sadly the following week she changed her mind, the solicitor told me if I had paid just £5 deposit the sale would have had to go through

Nothing like taking advantage of others misfortune!

 

[Exfarmer]

Nothing like taking advantage of others misfortune!

she had done very well, and if I was not newly married ......

 

[Wombat]

Nothing like taking advantage of others misfortune!

Difficult one though, my grandad had the widow of the next door farm come and offer him the whole place when her husband committed suicide. Said he wouldn’t do it and would buy it when it came up at the auction. Obviously the next person she asked didn’t say no as it was sold straight after and 60 yrs later it’s still not ours and all the people involved are dead and it’s only a tale in history.

 

[DanniAgro]

Think it's ok using same solicitors practise , but need to use a diff. Partner or solicitor within that practice.

Presumably the total cost of the two deals using the same company is the same as using two separate companies, or do you save money using the eame company? Unlikely I'd have thought.

 

[Wombat]

Its fine to end up using the same practice but different solicitors. One of my last purchases was like that. They normally say if there is a dispute one of you will have to find another solicitor as they would end up offering advice against a colleague etc

 

[BigBarl]

Shake his/her hand and the deal's done. Get your solicitor to contact his and they should sort it.

tap elbows more like...

I’ve just done similar with my domestic property in that me and a neighbour agreed a purchase price on an area of driveway. All you need is the name And contact details
Of your neighbours solicitor and pass them onto yours with the details of what you’ve agreed. Let your solicitor deal with the shite as that’s what they are paid for. One thing worth checking first is if the land is registered with the land registry otherwise a simple job is made into a ball ache (speaking form experience...)

 

[Nearly]

Register with landregistry.gov and you can do your own searches for the documents for £3 and £3 for the map.

 

[robs1]

No reason why you have to use solicitors, land registry forms are easy enough to fill out . Am in the process of selling a small bit of land atm.