Vacant land is any land that does not currently have a structure in place. vacant land may have also been built on in the past, only to have seen the structure torn down.
In either case, the process of Buying Vacant Lots involves a completely different set of considerations than your typical home buying process.
Vacant land is one of the most overlooked and misunderstood Real Estate Investments in the world. Most people fail to recognize the excellent benefits that come with owning land.
Don’t get me wrong, land is a Solid Investment.
It is vitally important to understand what a property can be used for, and what the highest and best use of the property is.
So....What do you do? how do you Buy Land? What is the Process?The first and foremost thing to do is to get hold of a realtor who has the knowledge and Experience in Buying and Selling land
Many realtors are not fully qualified to help you buy or sell land, their license may make it legal to practice, but their Inexperience in land transactions could cost you a lot. Also, most Real Estate Agents will not deal in land & acreage homes, because they know it is too complicated and, most of them don't have much knowledge and experience in land & acreage home dealings/ transaction.
You need to talk to the one who is well versed in every aspect of land & acreage home transaction.
Your realtor should be aware of – Topography, Permits, Setbacks, Zoning Rules/Regulations, Environmental and Conservation Issues, Wetlands, Soil Types, Water, Hydro, Sewage and other Utilities, trees, Right of way. MDS, Property Boundaries, Survey, etc.
So, do not get your fingers burned, dealing with the wrong agent or False Advertisement!
It takes a land specialist to talk to a like-minded Buyer or Seller.
Talk to the Realtor who knows all about Home & Land.