8 Questions a Buyer Must Answer

Posted by admin on May 30, 2013

1. Do the boundary lines match up?

The boundaries of the seller’s property on the ground should follow the boundaries as described in the seller’s deed. A surveyor can use a topographical map to determine any discrepancies.

2. Does the seller have physical and legal access to the acres for sale?

There are three parts to this aspect of buying land:

a) If the property’s frontage is on a state-maintained public road, the seller must    have direct access. If they don’t, you must ensure the seller has a legal and        physical right to cross another property to get to that state-maintained road.

b) If the property is accessed by a road that connects the property to a public         road, make sure the seller has documents establishing the unrestricted right to use the road.

c) If you’re buying property that is undeveloped and borders a public road, both    sides of the proposed entrance should have enough sight distance to allow for a    new entrance permit from state or county road offices.

3. Are there claims from neighbors against the property?

If there are variances or alterations to fence lines between neighbors, make sure proper consent has been obtained before buying the land or property. Ask both the seller and the neighbor if there are any burdens or claims associated with property lines to avoid potential disputes.

4. Is the seller conveying all rights and interests in the property?

Ideally, the entire property is owned by one seller. Common situations of partial ownership when buying property are: an estate with many heirs, an easement from utility companies, a neighbor with crossing rights, and conservation easements such as the right to extract minerals from the property. When buying property, always have a lawyer check the title for multiple owners.

5. Have there been environmental problems?

Leaking underground storage tanks, asbestos dumping, exposure to nearby pollutants, and evidence of acidic streams are all warning signs of environmental issues. Also check maps for earthquake zones and floodplains, and look into average precipitation levels.

6. Where would you fit in with neighboring properties?

Meet the seller’s neighbors and find out what they do on their property and how it could impact you. Does the community have nuisance suits? Do you plan to make drastic changes to the property that could cause conflict? When you buy land, you also buy into your neighborhood and it should be as seamless a transition as possible.

7. Does the property meet your water needs?

When buying property, examine the surface water and underground water to determine whether the quantity and quality are sufficient. If irrigated water, water leases or purchased water are utilized, ensure all such arrangements will remain intact after you buy the land. If there are springs that service the property, have their quality tested.

8. What’s the fencing situation?

Fence laws and customs vary greatly across the country, but you are essentially responsible for half of your new boundary fence. This could mean you split repairs or costs evenly with your neighbor, or that you only assume responsibility for a particular portion of the fence. Whatever the case, when you buy land or property, get clear on the fencing requirements and commit to holding up your end.

If you’re considering buying land or property, visit AllAcres.com. Our exhaustive listing service makes it easy to find a wide variety of properties and acres for sale within your budget, vision, and guidelines. And if you’re selling property, our high visibility will attract the maximum amount of potential buyers. Contact us online or call 855-227-3741 to view our user-friendly listings or to get in touch with a real estate agent.