Special offer

Questions to Ask When Buying Land

Reblogger Joe Jackson
Real Estate Agent with Keller Williams Capital Partners Realty 277320

Great list of questions to consider when buying land! Thoroughly understanding the property can prevent future issues and ensure a smart investment. Thanks for the insightful guidance!

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Original content by June Piper-Brandon MD RE License 579412

Questions to Ask When Buying Land

As part of a series of posts I am writing about questions buyers should be asking, I am continuing the exploration with questions buyers should be considering when they are buying land. 

Land is different than buying a townhouse, condo, or home. There are more things to take into consideration when purchasing land.

  1. What is your end-use plan for the land and do the zoning and ordinances coincide with your plans and goals? Is the land buildable, are there any use restrictions, can you build the home of your dreams on the land, park your work vehicle there, or park your trailer there? Keep in mind some deed restrictions that may have been in place the last time the land was transferred may no longer be enforceable. A colleague of mine once sold a house and the previous deed said that the property could not be conveyed to anyone of African descent, that is not enforceable today because country of origin and race are both protected classes. Another colleague of mine told me about one instance where her buyer had found this perfect lot but upon research the lot was a “remainder lot” and not buildable at all. 
  2. What utilities are available for this property? Is public water and sewer available for the property or do you have to install a septic system and drill a well? Is there enough room for both? Has the land recently been perced? Perc tests have a shelf life and even though one may have been done 10 or more years ago, it doesn’t mean that the previous test is still viable. Is electric and cable or fios available? I sold new construction once and when the new buyer moved in, he couldn’t get cable television and had to get a satellite.
  3. Is the property easily accessible by road? If you are planning to build will large trucks making deliveries be able to access the property?
  4. What are the property lines and what is going on with the property? Do the neighbors encroach on the property lines? Have any of the neighbors built structures, like decks, sheds, or a pool that cross the property line?
  5. What does the land look like in person? Where is it? What is the distance to amenities, and neighbors and what does the drive to the property look like?
  6. What are the annual property taxes and how will that change with any changes you make to the property?
  7. What additional costs could be necessary to prepare the land for your end use? Do you have to clear the land? Are there any environmental issues? Any changes to zoning? Are your plans congruent with the community? A developer once bought an area of land to build modern townhomes on, only to find out that the area had once been used by a copper smelter and there were toxic chemicals in the soil, so, in the HOA restrictions, it states that no one can plant edible plants in the soil. 
  8. If you are buying waterfront property, what are the water use restrictions? Does the property enjoy riparian or non-riparian water rights? Can you build a pier or a beach? Does the property require bulkheads? 
  9. And, probably most importantly, how are you going to pay for it? Can you get financing not just for the land, but also for the improvements that you are planning?

And, perhaps more importantly, don’t try to manoeuver this route alone, use the services of an experienced Realtor. Ask your Realtor if they have sold land before, and if they haven’t, is there someone on their team who has and can help guide them through the process?  Teamwork makes the dream work!! One of the things I love about being affiliated with Coldwell Banker Realty, there is always someone in my office that I can ask for advice and everyone is more than happy to share their knowledge.


Creating generational wealth, one home at a time. If you are thinking of buying a home,  did you know I can help you find a home for as little as $1000 of your own money?  Thinking about selling a home in  Maryland give me a call at 410-292-0100 or start your search here and I'll talk about the market conditions and what your home could be worth in today's marketplace if you are thinking of selling.  If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone are worth the plunge into today's market. Coldwell Banker and I are connected with some of the world's brightest and best real estate agents and can assist with your move here to Maryland or anywhere in the United States or abroad.  Ask me how.

During these trying times, Coldwell Banker and I are equipped with the latest technology to sell your home using Virtual Open Houses, Virtual showings, electronic signing, virtual inspection, and even online closings.   You can contact me through Snapchat, Duo, Skype, Google Chat, WhatsApp, text messaging, or simply by phone.  We take your and your family's health and safety very seriously.  

June Piper-Brandon ~ Associate Broker ~ MRP, AHWD, CDPE, ePro

Coldwell Banker

410-292-0100 - Direct   410-461-7600 Office

June Piper Brandon - Agent with Century 21 New Millennium

June Piper Brandon - Agent with Century 21 New Millennium

Posted by

________________________________________________________________________________________________________

                                     

THE JACKSON TEAM  614.888.1000   614.431.1220

VISIT US AT WWW.THEJACKSONTEAM.NET