Selling a Vacant Lot While Preserving What Matters Most

When emotional attachment and practical needs meet,
the right structure makes all the difference.

How Leverage Homes helped a homeowner sell a long-held vacant lot next to his home while honoring a family promise, preserving parking access, and creating a solution everyone felt good about.

Property Snapshot

Paterson, New Jersey

Living on-site for 20+ years

Vacant residential lot adjacent to primary residence

Emotional attachment & functional use

The Seller's Challenge

For over two decades, the seller owned a vacant lot next to his two-family home. While the land had increased significantly in value, it wasn’t something he planned to sell lightly.

The lot served a practical purpose - parking, but it also carried emotional weight. Years earlier, the seller had promised his grandfather that one day he would build a family home on that land.

Selling the lot outright meant:

Losing critical parking access

Letting go of a long-held family vision

Accepting a solution that didn’t feel right

As a result, the property sat unused despite its growing value.

How Leverage Homes Structured the Solution

Rather than forcing a standard sale, Leverage Homes built a custom plan around what mattered most to the seller.

Strategic Purchase

Purchasing only the portion of the lot needed to build, ensuring efficiency.

Driveway Preservation

Subdividing and deeding additional frontage back to the seller to preserve his driveway permanently.

Extended Use Period

Allowing the seller six months of continued use of the lot before development begins.

Exact Pricing

Structuring the transaction to meet the exact price point the seller required.

Behind-the-Scenes Coordination

Executing this plan required careful coordination. By managing these details upfront, Leverage Homes prevented issues that could have surfaced years later, especially important given the seller would continue living next door.

The Outcome for the Seller

The seller converted an underused asset into meaningful financial relief, allowing him flexibility to plan his next move with confidence.

Parking access preserved

Sale felt right, not rushed

Transaction closed without disruption

Gained financial flexibility

A Human Moment

At the heart of this deal was a promise made years earlier. To honor that promise, the final agreement included a memorial plaque on the future home built on the lot, recognizing the seller’s grandfather and the legacy tied to the property.

"That detail turned uncertainty into clarity and brought the transaction across the finish line."

Joey Szal

VP, Acquisitions

Thinking About Selling?

Leverage Homes helps homeowners navigate complex situations with care, structure, and clarity. If you want a solution that respects both the numbers and the story behind the property, we’re here to help.

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John

Newark, NJ

  • John was facing foreclosure
  • We helped him stabilize his situation and start fresh
    Today, John’s back on his feet and moving forward
  • Today, John’s back on his feet and moving forward
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Title

Description

  • John was facing foreclosure
  • We helped him stabilize his situation and start fresh
    Today, John’s back on his feet and moving forward
  • Today, John’s back on his feet and moving forward
Get quote

Title

Description

  • John was facing foreclosure
  • We helped him stabilize his situation and start fresh
    Today, John’s back on his feet and moving forward
  • Today, John’s back on his feet and moving forward
Get quote