Avoiding Litigation in a Land Deal

The property has a perfect vista, is adjacent to a beautiful blue ribbon trout stream and the nearest neighbor is miles away. Sounds like a dream come true. At times like these it is hard to be subjective, inquiring or downright distrustful. You want it, the price seems right and the planets are in alignment suggesting to you that you should buy it. A Land broker and Attorney need to step in right here before an offer is made to evaluate the property not for what the buyer sees but rather everything that the buyer cannot see.

The Title and real property should be evaluated including mineral, water and access rights, an environmental study should be conducted, and a feasibility study undertaken to establish both actual value and realistic uses of the property. Does the creek flood? You don't know. Does the public have right on entry to access the creek? You don't know. Are there endangered species living in or around the creek? You don't know. Would the neighbors sell for less? You don't know.

Prior to making an offer on any unimproved land interview both Land brokers and Attorneys. Reputable land brokers can recommend a good attorney who is proficient in land contracting and Reputable barristers can recommend a land broker who can make inquiry and assist in the feasibility study. When it comes time to make an offer, the more information you have, the greater chance you have of striking a fair and equitable deal. As an informed land purchaser do not rely upon the representations of a residential real estate agent who happened along onto a land listing. The do not possess the expertise, knowledge or experience to assist you in a land purchase. A reputable land broker is slow and methodical in gathering the necessary information to help formulate a clear picture of what you are buying. At times, deals look so good as if not to to be true that they probably are not. Internet marketeers suggest that you can buy land cheap for pennies on the dollar or that the government is back to selling land for dollars per acre both of which are inaccurate and misleading. In your town, there are maybe 2-3 qualified attorneys and land brokers at best that can assist you in your purchase. Slow down and find them, they will save you much time and heartache and will be a resource to the perfect purchase.