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Max Online: 16728 @ 03/25/12 08:51 AM
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#6422919 - 08/24/16 05:12 PM Questions to ask realtor when considering buying land
Texas buckeye Online   content
Veteran Tracker

Registered: 11/22/11
Posts: 2959
Loc: Keller
I know about ag exemption, O/G rights/leases, minerals, easements/accesses to property....

What else should be asked?

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#6423059 - 08/24/16 06:42 PM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
bp3 Offline
Tracker

Registered: 08/06/11
Posts: 848
Ground water

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#6423061 - 08/24/16 06:43 PM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
Rustler Online   content
Veteran Tracker

Registered: 03/01/07
Posts: 3211
Loc: Carrollton/ Young, Blanco coun...
Any liens, easements, rights of way, deed restrictions, covenants or encroachments on the property.
Any portion of the property in a flood plain.
Boundaries accurately marked.
Recent survey.
Condition of fencing, water crossings & gates.
Surface water, tanks, ponds, creeks.
Utilities, elec available, water. well or municipal.
How many neighbors surround tract / number of separate / individual tracts surrounding.
Last years property taxes.
Any known latent defects or environmental concerns.
Internal roads / condition / all weather.
Comps to support asking price.

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#6423091 - 08/24/16 06:59 PM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
WBT Offline


Registered: 01/23/09
Posts: 283
Loc: Dallas
You can add wind rights too. I've noticed several owners that want to retain those after the sale.

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#6423788 - 08/25/16 09:08 AM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
TxAg Online   content
Veteran Tracker

Registered: 01/15/07
Posts: 3253
Loc: Live in Katy, Hunt in Llano Co...
Following...
_________________________
http://www.weaverbilt.com/
Custom Feeders and Fiberglass Blinds

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#6423931 - 08/25/16 10:12 AM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
SeaIsleAl Offline
Light Foot

Registered: 05/08/13
Posts: 19
Related to what bp3 said, is the tract in a groundwater conservation district? That could affect the well you intend to drill.

Septic-is it permitted by the county?- can be an issue in certain counties more than others

Are there any high fences nearby or adjoining-this may be of interest if your tract is low fence

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#6423998 - 08/25/16 10:47 AM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
DQ Kid Online   content
Extreme Tracker

Registered: 02/20/12
Posts: 4072
Loc: Flower Mound, TX
Is it an AR county or not? LOL....

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#6425226 - 08/26/16 01:01 AM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
Txduckman Offline
THF Celebrity

Registered: 08/30/04
Posts: 11717
Loc: Big D
Who are the neighbors and their cousins? Seriously, check records on them.

My buddy has some nice land in OK and since he bought it, an oil pad was built which if fine by the road which gave him some money and leverage and lots of free rock he had them put down. Then high tension lines installed by his lake which basically paid for the land being an attorney so he took them to court and trilpled their offering price and now city is running a water line on his boundary and giving him more money and lots of firewood. if done right you will get ahead. He is right on the city boundary so he probably otherwise he would have gotten nothing for that stuff and they move on.

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#6426041 - 08/26/16 04:17 PM Re: Questions to ask realtor when considering buying land [Re: Texas buckeye]
jetdad Offline
Tracker

Registered: 03/02/13
Posts: 930
Loc: Grayson county
Make sure the ag exemption is in place. If not you'll have to prove ag use for 5 years. You'll be able to figure it out pretty quick if you do what Rustler suggests and check last years' property taxes.

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