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Questions to ask realtor when considering buying land
#6422919
08/24/16 10:12 PM
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Joined: Nov 2011
Posts: 10,954
Texas buckeye
OP
THF Celebrity
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OP
THF Celebrity
Joined: Nov 2011
Posts: 10,954 |
I know about ag exemption, O/G rights/leases, minerals, easements/accesses to property....
What else should be asked?
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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423059
08/24/16 11:42 PM
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Joined: Aug 2011
Posts: 1,670
bp3
Pro Tracker
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Pro Tracker
Joined: Aug 2011
Posts: 1,670 |
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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423061
08/24/16 11:43 PM
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Joined: Mar 2007
Posts: 5,225
Rustler
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2007
Posts: 5,225 |
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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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423091
08/24/16 11:59 PM
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Joined: Jan 2009
Posts: 321
WBT
Bird Dog
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Bird Dog
Joined: Jan 2009
Posts: 321 |
You can add wind rights too. I've noticed several owners that want to retain those after the sale.
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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423788
08/25/16 02:08 PM
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Joined: Jan 2007
Posts: 3,811
TxAg
Extreme Tracker
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Extreme Tracker
Joined: Jan 2007
Posts: 3,811 |
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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423931
08/25/16 03:12 PM
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Joined: May 2013
Posts: 24
SeaIsleAl
Light Foot
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Light Foot
Joined: May 2013
Posts: 24 |
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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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6423998
08/25/16 03:47 PM
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Joined: Feb 2012
Posts: 10,367
DQ Kid
THF Celebrity
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THF Celebrity
Joined: Feb 2012
Posts: 10,367 |
Is it an AR county or not? LOL....
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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6425226
08/26/16 06:01 AM
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Joined: Aug 2004
Posts: 17,712
Txduckman
THF Celebrity
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THF Celebrity
Joined: Aug 2004
Posts: 17,712 |
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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Re: Questions to ask realtor when considering buying land
[Re: Texas buckeye]
#6426041
08/26/16 09:17 PM
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Joined: Mar 2013
Posts: 5,019
jetdad
THF Trophy Hunter
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THF Trophy Hunter
Joined: Mar 2013
Posts: 5,019 |
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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