Buying Vacant Land from an INVESTOR?
Six Questions You Must Ask
When you are purchasing land from an investor who knows NOTHING about the property that they now own, but want you to buy it from them, you need to be VERY INFORMED about vacant land sales. So since you probably do not possess an extensive land background, here are 6 questions you MUST ASK.
You will need someone who knows what they are doing to help you. This person should be able to say "Yes" to the following questions or refer you to someone who can.
- Do you know how to walk a property and find the corner markings?
- Can you tell if a percolation test has ever been done?
- Do you know if the property was once a hazardous waste dump site?
- What kind of soil is on the land? Is it expansive or collapsible, and to what extent?
- Are there building restrictions on the property?
- Does your development plan fit the Zoning?
In my area (Northern Arizona) I trust myself, I was a qualified employee on underground License and Grading and Paving License in Nevada and have 18 years of focused and precise experience in this area. I’m here to help you with buying vacant land from an investor. But if I’m too far from your area, with this list you have a place to start.
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