Dean's Rules For Buying Vacant Land

1. Have your REALTORŪ work as a buyers agent. The added input of the agent as he/she views vacant land with you, helps you come to an educated decision. While viewing the parcels, if the buyers agent you are using does not review details good or bad, FIND ANOTHER, he/she is not on your side, and just trying to make a sale. Make sure that you have an escape clause in your Buyers Agent Contract that covers this possibility.
2. Make sure that the property you think you are buying is actually the right parcel.
3. If sewers aren't available, the perc test is the single most important piece of paper you need. It will tell you how the septic field needs to be built, and also if there was water present, and at what depth. If, lets say there was water present at 5 feet, and the perc was done during the dry season, and you intend to put a basement 6 to 7 feet into the ground. You can almost be assured of a constantly running sump pump. This adds to your electric bill and if for some reason the sump pump becomes inoperable, you'll possibly end up with a wading pool in your basement.
4. Check for availability of electric service to your parcel.
5. Make sure you can get a driveway permit.
6. Check township and county building requirements to make sure they coincide with your needs.
7. If you view a parcel that you like, come back later by yourselves and talk to a couple of the residents in the area (although not too close to the parcel in question, you don't want to tip them off that you're interested).
8. Call, city or township, county, and state governments, preferably the planning commission. Check to see if there is anything in a close proximity to the land that may potentially affect its value, now or in the future.
9. Have an attorney look over your purchase agreement, title commitment and closing documents.