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Archive for the ‘Buying Land’ Category
Purchasing Vacant Land Checklist
Author: Chuck Marunde26 Nov
Purchasing vacant land? If you are buying land in Sequim or Port Angeles, you might find this checklist helpful. Buying a city lot is quite different than buying rural land, and issues of potential concern are not the same in all counties in all states.
| Perc Results | Fire Protection |
| Soils Report | Environmentally Sensitive Areas |
| Bluff Stability | Test Flood Plane |
| Toxic Waste | Test Wildlife Habitate (Owl Nests) |
| Buried Fuel Tanks | Industrial Noise |
| Road Work, Road Maintenance | Open Space/Forest Designation |
| Clearing Bypass/Freeway Construction | Agricultural Designation |
| Survey Removal | Airport Approach |
| Exact Size of Property (corners) | Final Plat Recorded |
| Power/Hook-up Fees | Timber Clause |
| Water/Hook-up Fees | Telephone Access/Cost |
| Escrow Note Collection | Well (private, community, utility) |
| Legal Access to Property | Release Clause/Partial Reconveyance |
| Covenants, Conditions & Restrictions | Possible Land Use Change |
| Re-Zone, Variance, Conditional Use | Financial Statement From Buyer |
| Zone Compatibility w/present use | Shoreline Management Act |
| Comprehensive Plan & Zone Change | Talk to Neighbors |
| Irrigation Ditches (run all/partial year?) | Timber Cruise & Value of Timber |
| Wet Lands | Geotechnical Report |
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Buying Vacant Property
Author: Chuck Marunde25 Jul
Buying vacant property is a little like having a new home built. There are so many Traps for the Unwary, so many things that can go wrong. Someone who hasn’t been in a real estate nightmare may think, “Oh, it won’t happen to me.” Maybe not, but that is like saying, “Oh, I won’t have a car accident.” Bad things do happen to good people. Buying vacant land that hasn’t been developed by a professional developer/builder, requires many things. Of course, it makes a difference whether you’re buying one 5 acre parcel or 20 acres that need to be divided. Want to see my checklist of issues a developer is obligated to consider? Thought you’d never ask.
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