Checklist Tips on Buying Land Near Me To Help Cover Things That Could Go Wrong

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Buying land to build a house, start a business or as an investment requires that you proceed with caution at every step in the process in order to make the best deal possible.

 

 

How To Buy Land Checklist Tips

*This is not an exhaustive checklist for buying land. We recommend when buying land that you work with real estate, legal, environmental and land specialists to make the best deal for yourself.

  • Buying Land Checklist Tips*
  • Proceed with Caution!
  • Why Do You Want the Land?
  • For Investment
  • To Build a Home
  • To Start or Expand a Business
  • To Farm the Land
  • Find Land for Sale That Seems to Fit Your Needs
  • Go Online and Do Searches
  • Contact Real Estate Brokers in Your Area
  • Read Local Publications to Find “Land for Sale By Owner.”
  • Drive Around in Your Car Looking at Parcels of Land You Might Like to Own
  • Look for “Houses with Land for Sale Near Me”
  • Houses with Additional Land Could Result in a Real Win
  • Plan to Hire Experts
  • Real Estate Broker
  • Attorney
  • Land Surveyor
  • Environmental Engineer
  • Title Search Company
  • Develop a Budget for Land Investment
  • Can You Get a Land Loan or Do You Need to Pay Cash for the Parcel?
  • Cost of Land Development
  • Cost of Carrying Land (Remember Murphy’s Law)
  • Taxes
  • Bank Loan Payments
  • Insurance Payments
  • Lost Opportunity Costs
  • Undertake Due Diligence Work
  • What Was on Land Before Now?
  • What’s Underground That Will Hurt You?
  • What Liens on Land?
  • What Easements on Land
  • What’s Going on Nearby?
  • What’s Going on Not Far Away?
  • Visit the Building Department Ask If Land Is Buildable?
  • Visit Your Health Department, Ask About Potential Problems?
  • Call the Utilities Company and Ask About Getting Power to the Site: An Problems?
  • Call Environmental Authority: Any Problems with Site or Area?
  • Understand the Zoning on the Land
  • What’s Allowed by Right?
  • What’s Allowed by Special Permit?
  • What’s Not Allowed?
  • When Walking the Land, Ask Seller:
  • Does the land have any easements on it?
  • Are any portions of the land in a flood plain
  • Are any portions of the land designed at a wetland area?
  • Does the land have access to water?
  • Is there a sewer, electric, natural gas?
  • Is there anything else you know about the land that would make it unbuildable?
  • Kicking the Dirt
  • Walk the land many times
  • Visit It in Rain, Sleet & Snow
  • Camp Overnight on the Land
  • Visit the Land in Severe Rainstorms to See What Happens
  • Contract and Closing Details: DON’T GO THERE ALONE!

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