Beware of “For Sale By Owner”: The Risks of Buying Land in Lake County with Misleading Information
Purchasing land can be one of the most rewarding investments, especially in scenic areas like Lake County. However, buyers must exercise caution—particularly when dealing with “For Sale By Owner” (FSBO) listings. While FSBO sales may seem appealing due to the potential for lower prices and direct negotiation, they often come with hidden risks, especially when the seller provides inaccurate details or misrepresents the location of the property.
The Dangers of Misleading Information
One of the most common issues in FSBO land sales is the lack of accurate documentation. Sellers may unintentionally—or in some cases, deliberately—provide incorrect parcel numbers, zoning details, or property boundaries. This can lead to serious consequences for buyers, such as:
- Purchasing unusable land due to zoning restrictions.
- Legal disputes with neighboring property owners over boundaries.
- Unexpected costs for surveys, title corrections, or legal fees.
In Lake County, where land can vary significantly in value depending on proximity to lakes, towns, and infrastructure, even a small error in location can drastically affect the property’s worth and usability.
Another major concern is the misrepresentation of the land’s location. Sellers may advertise a parcel as “lakefront” or “near town” when in reality, it’s miles away from any desirable amenities. Without proper verification, buyers may find themselves owning land that is:
- Inaccessible or landlocked, with no legal road access.
- Far from utilities, making development costly or impossible.
- In a flood zone or environmentally protected area, limiting use.
To avoid these pitfalls, buyers should take the following precautions:
1. Hire a licensed real estate agent or attorney familiar with Lake County regulations.
2. Verify all property details through the county assessor’s office or GIS mapping tools.
3. Order a professional land survey to confirm boundaries and access.
4. Conduct a title search to ensure there are no liens or ownership disputes.
5. Visit the property in person to assess its true location and condition.
While FSBO listings may offer tempting deals, the risks of misinformation and misrepresentation are real—especially in land transactions. In Lake County, where location and land use are critical, buyers must be vigilant. Working with professionals and doing thorough due diligence can save you from costly mistakes and ensure your investment is sound.
Currently there are several parcels in my area “For Sale By Owner”. 2 of them do not meet the setbacks and appear to have wetlands. The other one is posted in the wrong location, the for sale by owner has been informed and they state that they have the right location. The parcel ID and name indicate wrong location.
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