here is a much greater with land. This is the best kind
risk in purchasing land of professional to assist you in
than there is in purchasing the process. You can find an
a home. attorney using a directory or by
asking for references from people
This is primarily due to the you know.
number of factors influencing a
land purchase. You should never assume that you
will be able to obtain a building
If you’ve never mad ea land permit for the land. Don’t make
purchase before, it’s only your land purchase under this
natural that you would not be assumption. You can be denied a
aware of these factors much less building permit for several
the difference between them and different reasons.
other forms of real estate.
The sales contract regarding your
You should become familiar with land purchase should include a
the process of purchasing land clause that will let you out of
before making the actual land the purchase if, unfortunately,
purchase. you cannot obtain a building
permit.
Consider hiring an attorney to
help you in the land purchase. If you don’t include such a
When it’s time to negotiate the clause, you will end up with a
contract, the attorney will be piece of land that you can only
especially helpful. resale. Chances are if the land
cannot be constructed upon, you
Choose an attorney that has will have making a land purchase
previous experience in real to someone else.
estate transactions that deal
Check with the local utility Also check for any restrictions
companies to be sure that you can regarding construction and other
have electric, gas and water uses of the land.
services at the site. Do this
before the land purchase. The In some instances, the topography
last thing you want is to find of the land can influence the
out this information after you cost of the work that must be
have signed the contract. completed.
Find out if public sewer lines Have your contractor look over
are available for the land. The the property to check for any
local city hall can assist you in costs that may come up because of
finding out this information. the landscape. It is best to do
this check now than to have to
If you find out that there is not pay later.
a public sewer line accessible to
the land, you will need to You need to be sure of the
install a septic tank. As you details of the land purchase
think about the purchase price of process.
the land, keep this cost in mind.
If there is anything that you are
The city’s building department not sure of, check with a real
can let you know if the land is estate professional such as an
zoned for what you plan to use it agent or an attorney to find out
for. Different lots of land are the information you are missing.
zoned for different purposes.
About the Author:
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Gerald Mason
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