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Updated about 7 years ago on . Most recent reply

User Stats

143
Posts
51
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Ryan Lee
  • Investor
  • Bowie, MD
51
Votes |
143
Posts

When purchasing land what are the steps?

Ryan Lee
  • Investor
  • Bowie, MD
Posted

I am thinking of purchasing a land to either development or mix use. What are the steps in purchasing a land? what should i look for? is there a guide.

Most Popular Reply

User Stats

351
Posts
273
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Matt Shields
  • Broker
  • Phoenix, AZ
273
Votes |
351
Posts
Matt Shields
  • Broker
  • Phoenix, AZ
Replied

If you don't have any experience with undeveloped land I would STRONGLY suggest that you obtain the advice of real estate professionals. You may be dealing with surveys, environmental assessments, legal access, physical access, deed restrictions, zoning, floodplains, utilities, permits, and that's before you even build anything. There is a guide, it's called a "land agent", not a residential agent. Look for a land agent with commercial development experience if you are planning a mixed-use project. They can help you acquire property, guide you through the process, and put you in touch with all of the other professionals who you will need. Good luck.

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