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Dear Viewers,
I Show that in this Vedio What should the buyer do before buying land?
5 THINGS TO DO BEFORE BUYING LAND
1. VISIT THE PROPERTY AND DO A COMPLETE WALK-THROUGH.
This is vitally important, especially if you are not local to the area in which you intend to purchase. Even if you are 1000 miles away from your dream homestead, go visit it in person. It is not enough to simply trust your realtor to steer you in the right direction.
There were plenty of properties we pulled up online and fell in love with “virtually”. We’d look at the maps and pore through the photos in the listing, thinking it was perfect. Then we’d drive to it and realize that it’s at the end of a rugged dirt road lined with falling apart trailers and probable meth labs . Or we’d discover that you can see and smell the landfill just across the valley. Or we’d realize that the topographic map was a little deceptive and didn’t really convey how hilly and wooded the land really is. Moral of the story: do not buy a property without going to it and walking it first!
2. CHECK DEED RESTRICTIONS.
You want to check for any deed restrictions that may limit what you can and can’t do on your property, and find out exactly how binding these limits are. If you’re working with a realtor they will usually be provided with this information. Even if they are, do your due diligence and check the OFFICIAL property deed at your county clerk’s office. You may encounter:
Minimum or maximum dwelling square footage
Rules against outbuildings or auxiliary structures
Limits on building styles and materials you can use
Other limits pertaining to how and what you can build
3. CHECK ON MINERAL, TIMBER, WATER, AND ACCESS RIGHTS.
You need to know if your property comes with its mineral, timber, water, and access rights or if they have been sold off by a previous property owner. You may buy the property with or without them, but you need to understand the risks. We did have a mineral rights issue that could have ruined our plans to buy our property, but we were able to resolve it within the time frame of our offer to buy without jumping any other legal hurdles. Your best course of action is to check with a lawyer in your county who has experience with property rights and disputes. Make sure you don’t jeopardize your dreams over legal technicalities.
4. VERIFY ZONING AND ORDINANCES.
If you want to build a house on your land, you need to make absolutely sure of what your property’s zoning type and associated ordinances dictate about what you can or cannot build. The same is true if you will want to add auxiliary structures like sheds, barns, tiny houses, wind turbines, solar panels, etc. There may be square footage requirements for permits, types of structures that are not allowed, boundary setback requirements, and more. Every state, county, and municipality is very different, so be sure to check with your local government to ensure you don’t jeopardize a future building project on your homestead.
Ours were available easily enough online through our county’s official website. Of course, deciphering the legal jargon in it is another matter. Be a careful and diligent reader!
5. DOUBLE-CHECK THE
If you’re paying cash, make sure your money is secure and accessible so your transaction can go smoothly. What about land leases or owner-financing? Make sure you have signed any appropriate documents and have reviewed them with a lawyer or someone who is well-versed in these transactions in your area. The last thing you want is to lose the opportunity to buy your land because of lost money or shady business practices.
We have a free guide that goes through some of the details in our Members-Only Resource Library. You can sign up below to get it sent straight to your inbox, as well as access to all of our other homesteading and simple living guides.
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