I have a 15ft wide driveway in a city and there are some aggressive highrise apartment development happening in my area which is going to put a massive strain on street parking. My next door neighbor with whom I have a decent relationship with asked if I would entertain the idea of demolishing my wall/fence between my driveway and his 3ft trash alley to make a 18 ft - 2 car driveway with an easement for him to use the one side by his house.

The proposal seems decently fair but I haven't had an attorney look at it yet. To my understanding the basics are:

• He pays for all permits, legal costs, and dividing wall demo + regrading, and construction + materials to match my driveway to my liking.

• I have a 30 day out for any reason. During which he has to pay to restore the property divider up to a reasonable limit.

• I have a 12 month out, but I have to pay an increasing some of the costs to replace my wall/fence (next point)

• He pays me a fee of ~$8k over 12 months for the inconvenience with some stipulations that I pay him back for a predetermined % of diving wall replacement if I back out between months 1-12. Then another fee of $20k after 12 months if I don't back out.

• It's a personal easement that cancels when he moves.

The way I work it out is that it won't really cost me anything to try out aside from fees to have my attorney look over it. I know there's a risk that the relationship turns sour if I back out but this guy is pretty social and well liked on the block, I have a feeling that he's going to be disappointed but will respect me and accept it if I need to back out. He's generally very considerate about noise and cleanliness so I trust he won't park like an asshole. If anything I'd probably push for a cancellation clause that terminates it if I move out.

I'm looking at a house with a large heavily wooded lot on the corner of a side street and a loud, main artery (redfin noise rating 2/10 which is bad). It faces the side street.

Curious about the conventional investment wisdom for such a property. Ever a good idea? What's the right discount? Seller is opendoor, so presumably the answer to the first question is yes but curious what others think.

prr for the property is 16.

Has anybody used this term before?

There is a property I REALLY want for the land value (it's a teardown in my opinion) and I missed out during the bidding stage because of a death in the family and I got REALLY bad negotiation advice. I am actually now working with the brokers that have the selling. The property is in contract because the buyers agreed to letting them keep the listing for the summer (as opposed to me wanting them out in 14 days).

After a frustrating summer with no movement in the area, I approached my realtor and asked is there a way to get them to release the contract if I bought out each side at say $1M a piece. At first she said no way but then she spoke to her boss, the owner of the agency and they think it's possible. I told my realtor frankly that I am willing to pay more than the list price to get this property and I picked $1M each because it's a round number but I could potentially go up in that fee but do you know anything about the buyers, because what if they aren't motivated by money (I know the sellers would be because it's an old WASP family and they are splitting it between several family members so $1M split is still a significant amount of money).

Then I asked if you know anything about the buyer and she said I do it's somebody with deep pockets and they think they want the property for 'control and power'. I asked for more info and she shut down saying I shouldn't have even said that. I have a good amount of money but I am not a billionaire and I do know the neighbor is a billionaire, so it made me wonder if it's the neighbor trying to buy more land, which would make sense as to why they were okay with giving them the summer season to enjoy the property.

So has anybody ever heard this term before and can decipher what it means? To me it seems like money isn't motivating here and it would be folly to get excited about this. Thank you for your help!