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Updated almost 4 years ago on .
Newbie: Learn Land purchase process
Hello,
I have moderate experience in investment residential rental properties process, and wish to learn more about LAND PURCHASE PROCESS - completely new area to me.
Please assist if there is any reference, book, training etc.. that could help attain insight based on current laws.
It is not known to me:
a. If concept of Buyer and Seller agent exist for Land-purchase.
- Would land Buyer agent be as transparent as Home Buyer agent. - as land details could be more hazy, as compared to already built house..with inspection performed by authorities.
- Pictures may be ‘inaccurate’. There might be good pictures, but land may be in extreme slope / inaccessible mountain or in desert in middle of no where; or geo-locations could be incorrect.
b. How to find reliable Buyer-representatives for LAND.
c. How to examine Land quality, soil/ mineral use, if land is in sink hole, liquefaction zone risk.
- Could remote LAND realtor be trusted, as we do all above for already built house.
d. Future city plans for sewer, water line etc.. , or future enhancement from city are tough to find.
Land might be protected / restricted , by NPS, BLM or Dept of interior for future construction, or in historical area.
- Are above details shared OR, mandatory to share as part of Seller’s disclosure.
e. Process of converting land from agricultural/ homestead to commercial license.
- Is this a transparent standardized process, or could only be accomplished by well-connected folks..:)
Thank you in advance.
-A