If you are a potential buyer purchasing raw land here are a few things you need to consider:
Make sure that you consider what type of sale you want to secure prior to working with a real estate agent. You can purchase land through a private sale. This will allow for more one-on-one interaction with the landowner. Also, in rural communities discretion is important. Purchasing land privately will reduce advertising and public display signs.
General Warranty Deed
Additionally, you should make sure when securing your land you obtain a general warranty deed this provides the buyer with security that the seller or grantor is transferring a deed free of any type of title issues or encumbrances. You want to make sure that upon the transfer of the deed and title the words “warrant generally” are included in the description.
A Credentials Real Estate Agent
If you do decide to purchase the land with the assistance of a real estate agent make sure they are a licensed realtor and you contact the local Realtors Association and the state oversight agency to make sure the agent is credentialed and does not have a long history of reprimands. Hope this information was helpful as you look to purchase land in the near future.
Jillian Hishaw, is an Attorney and Author of “Don’t Bet the Farm on Medicaid” and Founder of Family Agriculture Resource Management Services (F.A.R.M.S.) an international non-profit that provides legal and technical services to small farmers located in rural communities. Hishaw has helped numerous farmers save their land from foreclosure over the past 20 years of her profession. To learn more about Hishaw’s experience and to purchase her products and services please visit the products page. Hishaw offers various service packages that can fit any budget.
To learn more about Jillian Hishaw please visit Youtube
Any and all information provided on this website is not legal advice but educational purposes only.