Real Estate

Should We Buy a Home on a Flag Lot?

Thu Mar 19, 2009 11:28 am
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A flag lot is typically where there is a right of way, usually a driveway, that will be the only means of ingress and egress to a house that is on a piece of property behind other homes.

This is not as unusual as it may sound. There are "Flag Lots" in most every community and in every State. The right of way easement should show on the property survey and should be mentioned in the property deed.

The one concern about a flag lot is that selling the home at some point in the future may prove to be a lengthy process. The price of the home may be affected as well.

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