How to buy land- for sale by owner |
How to buy land- for sale by owner |
Jan 17 2018, 12:25 AM
Post
#1
|
|
Rock Bar! Group: Members Posts: 563 Joined: 13-June 15 From: South of Gunnison in Gold Basin, Saguache County Member No.: 120,659 |
I'm looking at a piece of off grid land that's for sale by owner. I've only talked to them in email and we should be meeting Friday if there's not too much snow up there but I've never done it this way. I've been through the house buying process 4 times in the past but the realtor did everything and I just signed....and they were regular mortgages for regular houses.....not sure on this.
Do I need a lawyer for anything? What paperwork should I expect to see? What questions should I ask? I'm only looking at this land for now and we haven't negotiated anything so as for now I'm just a shopper but I'm interested. He said he bought it years ago to put some money away and I have a feeling it was a patented claim but he's never used it for anything and it just sits there. He doesn't seem to know much about it or the area, just that "it's a rough road and lots of snow up there" hehe. I asked him if the land came with mineral rights and he said yes, and timber rights which is why I guessed it was a past claim. Most of the private owned land in that area is the same, or old old ranch land. If anyone has experience with this or can give me some advice I'd sure appreciate it. My wife and I are driving there tomorrow to see the conditions before I have these people come out. If it's snowed in and we can't access it there's no point but if we can get in we are meeting them Friday to talk. He also mentioned that he would take part payment in trade so I'm guessing he isn't hurting for money. I asked him what he considered of trade value and he said make an offer. I do have a few things he may want but I don't even know what's legal when it comes to that kind of thing. Anyone know this business? -------------------- Level 2 member -12/25/16
Referral code JL697 |
|
|
Lo-Fi Version | Time is now: 28th April 2024 - 06:46 PM |