Started by oracle, July 22, 2011, 06:21:03 PM
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Quote from: MountainDon on July 22, 2011, 07:22:50 PMThe offer to purchase should provide info as to whom pays what. When we bought our land the survey was to be paid for by the seller. Taxes are usually split between the seller and buyer with regards to the portion of the year each owned the land. We split the closing costs. The best way to see what is what in your area may be to talk to a real estate agent/broker. In our case there were very few additional costs for us on top of the actual land price.
Quote from: Squirl on July 22, 2011, 10:35:32 PMThere is the usual "It depends answer."If you go to some tax auctions you bid, you pay, you own the property. That is not the usual circumstance and is high risk.The usual "fees" to land listed in the my own personal order.LAWYER - This is my strongest suggestion. You can negotiate a flat fee ahead of time. They get paid regardless of whether the deal goes through or not. They work for you. Not like a realtor that works to get you to pay the highest price possible to get the deal to go through. Title report.Title insurance.Septic TestSurveyRepay Seller for partial year taxesTitle Recording Fee
Quote from: considerations on July 22, 2011, 11:10:09 PMAnother potential cost can be water rights, whether to own the right to access potable water through a local "co-op" (potable water collection, sanitation, and distribution entity) or from another source for irrigation.