Top 5 Tips to Consider When Purchasing Vacant Acreage
Buying acreage? If this is your first time buying acreage, you may be unsure of what to expect or where to start. Buying land is not like buying real estate. While there are fewer inspections to deal with, youll still have some major concerns to consider especially if youre buying vacant land. Use these buying acreage tips to help make the process as smooth and stress-free as possible.
Location is Still King
You already know that location is king when buying a home, but its still the most important thing to consider when buying acreage. First, sit down and determine what the most important factors to you are:
- If you plan on living on the land, commute time, views and seclusion may be important to you.
- If you plan on treating the land as an investment, road access, space for outbuildings and proximity to major cities may be important.
Other things to consider: wind and property orientation. Sure, a house on a hill is a nice idea, but will the wind prevent you from sitting outside and enjoying your view? And if the property is not located on a hard surfaced road, you may find yourself having to deal with dust in the summer each time a car drives by.
If youre buying land in rural areas, consider how close you are to feedlots. Odors from cattle or hog feeding operations can carry for more than 2 miles.
If youre buying vacant waterfront acreage, find out if hurricanes and/or flooding will be a major issue in the future.
Consider Water, Sewage and Drainage Issues
Soil and water drainage are major concerns when buying large or small acreage for sale. You may fall in love with a property with a picturesque creek, but you may not have the right to use that creek.
That creek may just be a part of the city watershed. If youre going to have livestock, they may need to be kept several hundred feet away from the creek. You may not even be allowed to legally place a septic tank or outhouse on your property. In general, its best to avoid buying land on a watershed for all of these reasons.
Youll also want to check for any drainage issues on the property that might prevent you from obtaining sewage permits.
Researching easements should also be on your land buying checklist. What are easements? These are the privileges and rights that another person may have on a piece of land. First things first, find out if any easements are available to you over nearby properties.
Easements and their sizes will help determine whether or not you are able to run telephone lines or if public access can be permitted.
Additionally, youll want to find out what easements other people may have available on the property.
Find Out Who Owns the Mineral Rights
Think mineral rights arent important? Think again. Even if no minerals have been found on a property, it doesnt mean it wont be found in the future. And if you dont own the mineral rights on the land, you may just come home to find your home or your farm bulldozed to the ground. To make matters worse, you likely wont have any legal recourse.
Bottom line: if you plan on building a home and planting gardens, make sure you own the mineral rights.
If youre looking at acreage for sale by owner, youll need to discuss mineral rights before the transaction goes through. The owner may hold onto them until youre finished paying for the land.
Find Out If Utilities Are Available
Are utility lines already on the property? If not, youll need to consider the expense and plausibility or running lines. If the land is far away from a power line, the electric company has the right to refuse to run electricity to the property. Know power availability before you buy.
And its not just electricity you should be concerned about. Telephone, gas, and cable lines should also be considered. Chances are, if the property already has electricity, it has other utilities as well.
These are just a few of the many things you should consider when buying acreage. If youre a first-time buyer, consider working with a realtor who can help walk you through the steps of buying land.
LandCentury.com specializes in selling wholesale real estate at the lowest prices. We believe that everyone should have the right and the opportunity to get a great deal on investment property All you have to do to get the property you’ve always wanted is follow these simple steps:
Step 1: Find the Perfect Property
Use LandCentury.com’s powerful network of real estate listings to find the property of your dreams. We have everything from move-in ready investment properties and cheap houses to rural land, buildable lots, and fixer-uppers. No matter what type of real estate you’re looking for, you can find it at LandCentury.com
Step 2: Click the Buy Button
This will start the purchase process. As one of America’s top online property listing sites, we leverage our unique business model of submitting an online payment to hold the listing to make transactions straightforward and secure. Our purchase process is designed for simplicity and security. Once you click the buy button, you will:
Use our secure site to submit your processing fee. We make every effort to protect your privacy. That’s one of the reasons why we offer a 24-hour money back guarantee on your processing fee, so you can feel confident in your transaction.
The seller will contact you within the next 24 hours procced to the next step and get the necessary info to prepare the contract.
Buyer Transaction & Privacy Protection
LandCentury.com stands behind our buyers, and we want you to know that your hard earned money is safe when doing business through us. That’s why we have a number of features to help protect buyers, including:
Symantec Secure Site SSL certificate, providing a $1,500,000 warranty on every transaction
Secure encryption and data protection
24 hour money back guarantee on processing fees
2 separate legal offices across the country to help you with any problems you encounter, anytime
Seller ratings so you can see what other people have to say about their experience with your seller
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If you feel that you have been a victim of real estate fraud, there are many resources available for you as the victim. Your first step is to contact the local District Attorney’s office and report the incident. Our office will stand by you and provide any relevant information to support your claim. Here are additional agencies that can assist you and provide more resources: