buying my first piece of land - due diligence

3 Replies

My first post, apologies if I missed a sticky somewhere in which much of this is answered. I'm looking at buying a piece of rural property (50 acres). It's been on the market for a year at $85K. I feel comfortable that I could make a 20K down payment no problem, and the mortgage payments wouldn't be too burdensome as I work on the business (the point of the property). 

I owned a condo before, but never a piece of rural land. I was wondering if there are any make-sure-you-check-these-out type of issues. Some things I've thought up so far:

  • county zoning
  • county building permit process
  • easements
  • water table (there's no water/sewer/electric)

But really, short of talking to the listing agent who I imagine is primarily motivated by sealing the deal, I'm not sure what sort of due diligence I should engage in.

Some things to consider @Eric Kaufman

Is it buildable?

Environmental issues?

Does the seller actually own it?

Do you have any frontage?

Nearby utilities?

Just to get you started...

Rob, nice to meet you on BP. I have been in the land business for 30 plus years,been buying spec land in rural areas mostly around las Vegas. There are still a lot of questions I would have for you before I could give you the best advise possible. Pm me see if I can help once I gather more info on your project.

Rob, nice to meet you on BP. I have been in the land business for 30 plus years,been buying spec land in rural areas mostly around las Vegas. There are still a lot of questions I would have for you before I could give you the best advise possible. Pm me see if I can help once I gather more info on your project.

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