Met my neighbor today for the first time after 2 years. Nice folks lol. They wanted to discuss a new fence.
They would like to build a 6ft tall privacy fence between us as we are side by side with woods behind us. A project I was considering doing, so I’m happy to get a free fence. However they don’t want to build on the boundary. They would like to build five feet further on a more natural boundary on my official property.
See here: https://imgur.com/a/rH25q8h
I’m on the right, the yellow line is my property line and the red is the naturally occuring edge of their yard. They mow to the utility pole, where I thought my property ended. The green is just where the front of the fence will be for them.
What kind of devaluation am I look at if I sell this sliver of land? If I don’t sell it and just agree to have the fence built, what’s the best road to take on that where I legally keep the land without issue in the future?
Pros/cons to letting the fence be built on the red line?