First time with 60 acres of land under contract. What don't I know?

[Brad Swearingen]

I have a lead on 60 acres of land I would like to wholesale.  I think it is a good price but where do I find comps for 60 acres close by?  Also I am sure there are a bunch of things I don't know about wholesaling land, so what things should I know about land that a buyer might ask me?  Whose responsibility is it to run a perc test?  Seller, me, or buyer?

Thanks!

Brad

[Nick C.]

If this is land that you're selling to be developed the due diligence period is going to need to be much longer than when selling a house. Any developer is going to need a while to figure out the feasibility of developing.