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The state wants to buy my house?
The state wants to buy my house, but I don't want to move. Do I have to sell it to them? I also think I could get more for my house than what the state is offering me. Do I use a real estate agent to negotiate for me? Or do I get a lawyer? It doesn't seem right that they can just take my house and lowball me.
Asked By Barrett | i don't know, FL | 47 views | Finance Legal Info | 1 month ago
Answer(1)
Louis Parrish
United Real Estate Specialists
I have represented several clients over the last 29 years who sold to the state. Some of the situations were imminent domain where the state required the owner to sell. Others were voluntary instances where the state wanted the property but did not have the right to take it. In imminent domain circumstances, the state is required to pay "fair market value." That can be subjective and in both imminent domain and voluntary sales cases, I recommend representation. That might involve a Realtor and/or an attorney and may vary from state to state.
- 1 month ago
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