Can the land be stored if there is a house on it

Does your home include the land beneath it?

But in some parts of the country, homeowners are discovering the property they’re buying does not fully include the land beneath it. For example, in Tampa Bay, FL a family realized at closing that their home builder had already signed away the rights to the land underneath their home to its own energy company.

Should I buy land or buy an existing home?

Buying land can offer a more affordable path to homeownership than buying an existing home if done with proper planning. However, the process of buying land is different and often more difficult than buying an existing home. Knowing how to buy land can help you determine whether it could be the right path for you.

How do I get access to land under my home?

Access to the land below your home would have to be granted via a deed and, as such, it would show up on the preliminary title report. The title report provides ownership information and acknowledges loans, deeds or trusts, easements, encroachments, unpaid property taxes or anything else that has been recorded against the property.

What happens if you get access to land below your home?

When this happens, all parties must work together to determine the best course of action. Access to the land below your home would have to be granted via a deed and, as such, it would show up on the preliminary title report.

Should you share a part of your land?

Don't be startled to discover that you must “share” part of your land. In certain types of real estate transactions, it's not until the middle of the deal that home buyers realize the land they’re purchasing with their home is not 100% theirs.

Do you own property under your house?

Here’s what you need to know. Generally speaking, it’s likely that you own the property underneath and around your house. Most property ownership law is based on the Latin doctrine, “For whoever owns the soil, it is theirs up to heaven and down to hell.” There can be exceptions, though.