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Updated almost 5 years ago,
Land Purchase - Contingencies
Hi BP community. I am interested in making an offer on a lot of land. The land is currently zoned for Residential usage though the lot currently has tennis and basketball courts on the land that are set aside as Recreational use. I'd like to put an offer on the land with contingencies such as those listed below. Are there others that the BP community would recommend including? Also, does anyone have a template offer contract for a land purchase?
- Needs to pass a perc test and/or obtain permits for a septic system/ sewer hookup
- Survey be completed to show the boundaries, size of the parcel, and any easements or encroachments by neighbors
- Subject to town design review committee approving home house design
- Obtain approval to subdivide the land into two separate lots
- Variances are granted to use the land as two single family lots (if this is even necesary)
- Building permit approval
- Subject to appraisal