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The Water Cooler
General Discussion
Buying Rural Property - A Buyers Checklist to CYA
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<blockquote data-quote="Parks 788" data-source="post: 3577563" data-attributes="member: 14646"><p>Question for all of you regarding buying tracts of land in OK. The info I'm looking for is this. When buying a "regular" property with a home on it and an acre or two is different than a 60, 120, 180 acre tract with no dwellings on it. The former I can handle with some basic knowledge I have with home inspections, termite inspections, specific pluming inspections, etc.</p><p></p><p>However, when buying tracts of land is there a checklist of what inspections, checks and verifications that we as buyers should always be aware of when purchasing land? I would hope that my realtor/broker would have this knowledge and my best interest in mine but we want to make sure our representative is doing their due diligence on our behalf. </p><p></p><p>I want to start a list of what we need to do on our end to make sure what we buy meets our needs and doesn't have any unknown restrictions, regulations or issues we find out about after the purchase.</p><p></p><p>-Mineral Rights</p><p>-Easements </p><p>----For Oil companies, etc</p><p>-Pipeline, oil/gas running through property</p><p>-Flood Plain</p><p>-Existing or Nearby Utilities</p><p>-Well Depth</p><p>-Septic Systems</p><p>-Insurance coverage for Rural Properties</p><p>-Land Use and Restrictions</p><p>-</p><p>I'd probably be willing to hire an individual separate from our real estate broker that assist with these kinds of varifications. Please opine with your experience and knowledge on purchasing rural property and what you think are the items to be checked and double checked for area of Creek, Osage, Okmulgee, Tulsa and surrounding counties in OK. Thanks for the responses in advance.</p></blockquote><p></p>
[QUOTE="Parks 788, post: 3577563, member: 14646"] Question for all of you regarding buying tracts of land in OK. The info I'm looking for is this. When buying a "regular" property with a home on it and an acre or two is different than a 60, 120, 180 acre tract with no dwellings on it. The former I can handle with some basic knowledge I have with home inspections, termite inspections, specific pluming inspections, etc. However, when buying tracts of land is there a checklist of what inspections, checks and verifications that we as buyers should always be aware of when purchasing land? I would hope that my realtor/broker would have this knowledge and my best interest in mine but we want to make sure our representative is doing their due diligence on our behalf. I want to start a list of what we need to do on our end to make sure what we buy meets our needs and doesn't have any unknown restrictions, regulations or issues we find out about after the purchase. -Mineral Rights -Easements ----For Oil companies, etc -Pipeline, oil/gas running through property -Flood Plain -Existing or Nearby Utilities -Well Depth -Septic Systems -Insurance coverage for Rural Properties -Land Use and Restrictions - I'd probably be willing to hire an individual separate from our real estate broker that assist with these kinds of varifications. Please opine with your experience and knowledge on purchasing rural property and what you think are the items to be checked and double checked for area of Creek, Osage, Okmulgee, Tulsa and surrounding counties in OK. Thanks for the responses in advance. [/QUOTE]
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Buying Rural Property - A Buyers Checklist to CYA
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