1) Walk the land 2) Appraise the property 3) Get a survey 4) Wetland 5) Flood Zone 6) Deed restrictions 7) Will the property PERC 8) Water - City water or need a well 9) Talk to the neighbors 10) Get a Title Policy
Always amazes me how few people do this. A person bought 50 acres above me and didn't know the zoning restrictions for land above 1500 ft elevation. He can't have any larger than 900sf and only one story, and it can't be occupied year round. Busted his dream of a huge log house, but he didn't do his homework.
I would do #4, 5, 6 before spending money on a survey or paying for formal appraisal. If you are in a flood zone you are probably in a wetland area too. FEMA flood maps are free to look at on their website. #6 is a little harder but you can ask the seller and then verify if you still want to move forward.
My wife and I bought 5 acres of undeveloped forest land on a dirt road and next to a power line in 1991 for $18,500. In 2007 her and I built a $135,000 home on it. We were retired and did much of the work ourselves. Today according to the county it is worth $735,000. It took years and a lot of sweat but now we live in our own quiet paradise.
Hello and your comment inspires me. Looking to buy a small land in Western NC to build a small home on it in the future. Hoping to have a small place to spend time in n be at peace. Thank you
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
We purchased 50 acres of forest land from Weyerhaeuser recently. One thing that was very important to us was owning the mineral rights. Most don't think of that, but the last thing you want is someone legally coming onto "your" land and digging under your house. If you don't hold the mineral rights, you don't truly own the land.
You never actually own land. Ask those who don’t pay their property taxes and lose that land even if it’s been in the family for decades. You just lease the land lol
My mom thought she inherited land but it was actually the mineral rights. She was mad at first but those mineral rights have been earning her money for years while the land itself is nearly worthless.
I went to a real estate sale seminar. The land was acreage broken into lots, but there was no road access to the property. You would have to negotiate with neighbors to drive across their land to get to yours, plus build the road. Nobody was asking about access or restrictions and when I did the guy looked very annoyed. Cheap land can get expensive to use. Research pays off.
WTF!?! It is a seminar and they don't even teach the basics? Ask for your money back because they are criminally worse than useless. Frankly, access and restrictions are the type of things you mention to a client to amaze them and convince them that they need you to buy property without falling in pits.
Stock investment is currently better than real estate because it offers greater liquidity, allowing you to buy and sell quickly. It also requires less initial capital, making it more accessible, and you can easily diversify your portfolio to spread risk. Plus, with technology, managing stock investments has become simpler and more efficient.
Back in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet. in terms of smart investment, i believe the stock market has been really beneficial,especially with the help of a financial adviser.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
I thought up to a certain depth you own the mineral rights? Man surveying for minerals on a big piece of land must be hella expensive. I’m guessing geologist gotta bring out a crew with a 200 ft drill to collect the core samples.
Talk to the neighbors is a big one. Trust me, I walked away from the neighbor from hell. He didn't agree with the deeded easement to get to the property for sale. I'm too old and tired to fight people. I just walked away from the sale. I realized that's why the owners were selling.
so true but if its big enough then not as important, also remember bad neighbors can always buy in any time after you, and that is a real bummer. I speak from experience.
For someone who knows very littel about buying land but is interested in buying land, this video, along with reading the comments, was awesome. Love the checklist approach (easy to understand). No hype just the facts.
@@TheRealWayneTurner You are helpful, you are also scaring me into being EXTREMELY careful and checking EVERYTHING. My nightmare is buying and building my perfect paradise and then someone fraking and leaving me living in a toxic waste dump with tap water you can light on fire.
Also keep in mind mine & my husband’s experience. We purchased our house & property in ‘96 and it was NOT in a flood zone. But 12 years later, FEMA changed their flood map and unfortunately, their changes enveloped our property. So, if you’re even *close* to a flood zone, that zone is subject to change at any time in the future.
I bought a 78 acre farm in southern Kentucky 2017 at auction, when i had a title search done it had 3 leans on it that the auction company didn’t know about! Took 4 months to get a clear title and deed for the property ! Title search cost me $350.00 , well worth it , i wont ever buy property again without a title search !
Just bought 12 acres of lake front land in South Carolina and the price was way lower than what it would have cost in any other state. Now I'm having a everything finished up so we can start building our dream home. The whole family is so excited and looking forward for next big journey in life.
This is excellent - very complete also. I would just supplement two things you reviewed here: 1. DON'T order the appraisal yourself if you will need a loan on the property to buy it. Federal law requires appraisals to be ordered by the bank and a borrower-ordered appraisal will have to be thrown out and another one ordered by the bank if you order your own. 2. Buy an OWNER'S title policy. A bank will require a LENDER'S title policy but that does not protect the owner. Two little but important technicalities for an excellent video that I believe covers all the main things to consider. Thank you!
Same. Meanwhile I'm working INSANE hours, just finished a TWENTY SIX HOUR shift at work, God I'm so tired, but I can barely afford food, I've had wire showing on my front driver's side tire for weeks, and there's no way in hell I can afford to go to the dentist, which I desperately need to do. Minimum wage sucks. $7.15/hour just doesn't make ends meet.
@@jessicahay9305 Get your Commercial Drivers License and you’ll likely make twice the money with only half the effort. Get your tank certification and you can haul milk if you live near an agricultural area. Low stress and good pay, and you won’t have to drive all over the country either. Get off that treadmill, my friend.
My family was in the well drilling business going back to the 1940s. I ultimately chose a different path, but I did work with my dad on the rig as a teenager. From what I recall, actually solid rock was the best and easiest stuff to drill through (because it stays open as you drill through it). Boulders, gravel, and sand were the worst and most difficult (and expensive) to drill through because of the technical challenges of keeping the hole open as you drill. I remember my dad quoting a lower rate/ft in places he knew there'd be solid rock. Rock holes were so quick and easy.
...so if you're looking at a property where you'll need a well, put in a call to a driller and get an estimate. They'll be able to look up records of other wells in the area, and tell you how deep you'll likely need to go, what kind of material you'll have to drill through, and how much water flow you can likely expect.
@@HHB884 I do that for Bathing and Cleaning Water and for Pets.. Drinking Water comes from Neighbors that already have wells.. and a reason to talk with them..
Absolutely the truth, under Central Oregon volcanic rock is the base. There are large voids in the earth that will trap the drill,, and when they are discovered concrete trucks are brought in to fill them underground and then drilled through. You may also be over buried cinder cone with no water beneath for miles! My well 780 feet deep.
My brother found a view smaller acreage here in northern California and it didn't perk and our County doesn't allow aeration septic that he thought he could do, so that property Sat for 45 years and I wound up inheriting the property. Luckily my realtor found someone who wanted it and sold it about 4 years ago for 73k. Had the property perked it would have been 200k
In the Northern Territory of Australia a couple looked for a couple of years to find their ideal block with large trees and a cleared site for a house. After they signed the sale they went to view the property they had just purchased. The block, between 5 and twenty acres had been completely cleared. The former owner had cleared the land ‘as a favour’ and sold the timber. Because the trees weren’t listed in the agreement they couldn’t get compensation.
Ive been buying and selling properties for over 40 years and I have seen hazardous materials that previous owners dumped on the property and ive seen where they had dug a hole and buried an entire Mobil home so definitely look closely at the property you can get screwed fast
I would add to investigate railroads, flight paths, industrial sites, etc nearby. I once bought a piece of property only to find out there were uncontrolled railroad crossings close by that had freight trains running past them at all hours of the night, and they have to honk their horns at every uncontrolled intersection by law.
Our company put us up in this beautiful upscale place on the river everyone was all smiles until the trains, planes, boats and birds noise began. Along with the airport that was five miles away they had military flyovers weekly. It was a very happy day, when we left there.
Great point. Never trust real estate agents completely. Had one try to sell mother in law property in a neighborhood right next to a mine where windows / house would shake throughout certain times of the day. I came to know about it only because I had researched the area meticulously when moving in for flight patterns and various other things. Slimy they can be …
We checked out some land in the mountains. Someone had previously attempted to build on it (they weren't the current seller). I asked about water a few times until the seller admitted that the property is landlocked and the quickest way to hook up to city water was via a neighbors land and he refused to allow it. Mind you, the neighbor was a judge and he alone land locked the property on 3 sides.
Other points to consider: 1) hire an abstractor to see if there were any prior developments on the land. i.e.- dump site, cemetary, etc... 2) have a soil boring of ground analyzed- the soil composition will dictate the type of foundation that will need to be built to properly support the building you will build, 3) make sure the land is zoned correctly for what you want to build, 4) have a Phase One environmental report conducted to make sure there is no environmental issues/history to the property and 5) make sure gas, water/sewer, internet is at the property line... can be costly to owner to bring it to the property and, in some cases, the utility company won't bring it to you at all.
I live in the UK and once took a few flying lessons. The instructor told me quite a few of his customers took the lesson not for the flying but to survey the surroundings from the air as they were buying land. Often a lot cheaper than hiring surveyors. You can see a lot of hidden things like sewage treatment areas or still ponds not obvious from the maps.
That’s pretty cool! You could also hire someone with a drone (they need a license in the US if it’s used for commercial purposes). I still recommend a survey to determine the exact property boundaries.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
’Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
@@PennyBergeron-os4ch you are right on, we, the dtuch had the doubtfull honor to create the first financial bubble, 17 th c bulb trade, its interesting to read up on history, every century has its bubble and crisis, and in everry crisis it seems, that real estate loose a 60 % so count on 40 % value left, luxery goods ? 15 % and this is what my father told me too, he started a hardware store in 1937, he nearly went broke on it, but after a coarse in radio repairs he did ? he did get plenty of work, everybody wanted to listen to the radio, in those dirty 30 s the few people with money did not dare to spend it, inflation is not great but deflation is worse, and that is what you get in times of a real crisis, beware of wolf in sheep clothes as well, no wonder people try, if you live on the edge of bankrupty ? i think, best is, wait and only spend money when you really have too ? better make sure loans and mortgages are paid off as much as possible,
Very accurate information. In California, I installed a a solar powered well at 440' deep. Total cost was $22,000 but I dont have any electric bills. RPS solar
I survey lots of 10+ acre, overgrown properties of which the owner will never find the rear corners unless we show them. In a certain area I work in 1/4 mile or even 1/2 mile strips only 100 feet wide are common. Try figuring out how far that is walking through thick woods, hoping you walk in a straight line and find one of the stakes. People often see the front stakes, put a house or trailer a couple hundred feet from the road, and ignore the rest of their land. We charge extra for stakes on line every few hundred feet.
As a beginner, educate yourself: Learn the basics of investing and the market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $570k during recessions and inflation, its important to do your own research
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
A title policy saved me over 100,000 dollars on a property I bought... They are worth it. I have bought a lot of title policies and only needed it once but you never know when you will need it...
I've been in planning on the regulation side for 35 years. You absolutely MUST look at the zoning restrictions on the land, if any. Are there regs on tree cutting? What sorts of uses and densities are allowed? What sorts of impact fees does the jurisdiction charge? And I would also look up the ownership history. If you find a car repair shop or a junkyard or some industrial user had the property 40-50 years ago, that would be your clue that there MAY be lingering ground contamination issues that could come back to haunt you.
None of these issues would haunt me as long as the government keeps their nose out of my business and off my property if I buy a piece of land I don’t want to have the government holding their greedy hands out waiting me to pay for permission to breathe on my own land this government embezzles enough money from the hard working American citizens as it is in case you can’t tell I don’t care for government intrusion in the lives of the citizens of this country it has just gotten out of control every time I turn around the government finds a new way to take our money away from us pretty soon I will have to get a permit to take a shower and if there is a drop of water left on the floor they will have a cop in there to give me a ticket for unsafe slip hazards in my house this is about how invasive things are starting to become and it’s only getting worse with inflation and the government robbing us blind it’s getting impossible to afford to live anywhere and now it’s getting even harder to live on your own property and homestead it because permitting for everything takes the lions share of your money for the material that you need to build as you are living paycheck to paycheck I can buy a lot of 2x4 with the 2500 the government is wanting for a permission slip to build my own shelter on my own property that I am going to live in so I know that as I retired carpenter know that I don’t want to live in an unsafe structure and don’t need to pay for permission or to have someone else give me their opinion on how to build and pay for it if they want to come and nose around on my property they can pay me for admission to the shit show I just want to live and be left alone to have life liberty and freedom to persue happiness without being charged so much for it that I can’t afford to be happy I could get government assistance but I absolutely don’t want that I am a person who wants to stand up on my own 2 feet so that I can look at myself in the mirror and see a real man looking back not someone who is too weak to provide for myself I can provide for myself but I can’t carry the burden of the government and their reckless spending habits and the way they handle the money they take from us hard working people to give it away to people who are not willing to take care of themselves because they don’t want to do anything but sit in their house and play video games and make babies so they can get more money out of the paychecks of the people who are working hard for the little bit of change that they can keep the government from sucking off of them
I want to add a very important, number 11 ! Take the time to check for contaminated soils ! A property with contaminated soils will bankrupt you ! Look at the city, town or country records. What were the utilization of the land in the past. Stay away from lands that were used for industries, car repair shop, service stations who sold gasoline or diesel (look for abandoned underground tanks). If the land was used for agriculture, look for manure pits (manure pits will contaminate the groundwater with deadly bacteria); look for sheds where tractors were stored (possible soil contamination with diesel and pesticides).
A property at the end of my road has changed hands 6 times because they never dug up gas tanks at a old gasstation. Seems criminal that so many have fallen for the land and found out they have to have 1million in soil removal to reopen the RV park attached...it sounds like a dream in the advertisements but I’ve lived here 15 years n it’s never ended with dreams for any of them.
@@cwilson6235 This is a clear demonstration that you must be cautious when buying land! A search of the city or the county land tax records, would have revealed the existence of a gas station!
I used this same information to get a good deal. 2 acres and a mobile near the city for $32,000. Extra $12 to make it 3. It's in a flood plain and got soggy. Used my own skills to easily correct the problems now it never has issues even with record rains.
100% solid information. When i left the city to move to east kentucky i learned alot. If you are moving to those small mountain communities in kentucky i HIGHLY recommend ATTEMPTING to speak to the neighbors first. We discovered that some of these communities are legacy families that are very unwelcoming to people who are from out of state. You may end up needing a part time job and they'll deny you employment because youre not from there. The mountain folk in our area told us they didnt want us there and we'd have broken glass in our driveway, they'd egg our property etc. They'll tell you to get off their property if you attempt to stop by and say hello or to give them fresh eggs. They're very territorial in east kentucky and will send up warning shots for turning around in their driveway. I flipped the place and got out. Now we live in the unrestricted outskirts of a higher populated and more civilized kentucky town closer to the tennessee border. Mountain people and country folk are very different.
You are so right. I moved from Cincinnati to a small country town in central ky in the 80s. No one near my farm would talk to me for 2 years. I felt like I had moved to a rural village in Africa. It has gotten better.
Yep. Not only that, but you could get the opposite problem, too. I look just too wholesome and when I went to introduce myself to potential neighbors, they immediately decided to tell me I was going to be watching their kids for free. Definitely the kinda crazy who would key my car when I would inevitably put down reasonable boundaries. Entitled, busybody neighbors aren't on the same level as buckshot warning shots or anything, but if you're deciding between a couple plots and Joey "non-consentually-borrow-yer-backhoey" is right next door, I know which one I'd pick.
@@Birdsflight44 Dear Bird, when I got divorced I still lived on my farm in that same area. Lol and the news traveled fast. Every scary country guy showed up at my front gate or would pull up and beep the horn. Lol I had and still do have several big Dobermans. And I would tell them you can't come in the yard. The dogs bite. And those girls would put on a show. Teeth showing, drooling, barking and hair on neck standing up. And when they would leave I would give my girls a big treat. Living in the country is different. Lol. Take care Bird
I worked for a municipality in Canada. And the number of complaints from ppl who were surprised or were mislead by realestate agents because of new development, was constant. Be cautious when you buy next to a vacant lot. Even with good zoning, these things can be changed and you end up with dense development next to you. Are roads located in wide swaths of unused land? That means there is a plan somewhere to add more lanes and make the road a lot busier. Look for right of ways that can criss cross property, etc etc.
I was interested in a home that was on a large piece of flat wooded land that had been a farm field decades previously before it was forested. I noticed every room had a built in dehumidifier. The home seemed to have been elevated and extra foot or so just around the concrete blocks. When walking it, it looked like it still had old plow furrows. I returned after a rain and rewalked the property - no surface water, but I looked back at the depression made by my boots and they were all filling with water. I then realized that the perfectly flat ground was surrounded by more perfectly flat ground, there was no place for ground water to drain, no place you could add ditches/pumps to get rid of ground water. The old plow furrows were actually shallow ditches made when the land was forested for drainage. The foundation blocks were an extra foot high so the crawlspace floor could be above the ground water. It didn't get far enough to trying to figure out what shape the septic field was in.
our grandparents homestead was exactly that: we had a door in the floor, and would lower the hand milking of the day into a cistern!!! cream and milk kept cold until the Co-op truck could pick it up. !!! Decades later we dragged the little house to the road where winter plowing kept it open: grandpa lives there to 99 and 11 months!! along with chickens, cats, dogs, and ponies
Hello ! May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. Thank you very much for your time. Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them). Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI). Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy. Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful. Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI). Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad). Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning! Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures. Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement. It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them. (19-22 / Translated by Muhammad Asad).. God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.” (2:136 / Translated by Community) Salam (Peace) -----------------------
@@xhagast Probably not a lake, but a bog wouldn't be out of the question, it was inches away from that when I walked it. I thought the best long term plan would have been to dig a pond, use the excavated soil to raise the yard and driveway even with the road, maybe install a pump to move water from the pond to the road ditch when the water was below the surface.
Make sure you buy the minimum acreage to put a well and septic on. If you want mineral rights make sure you are buying them, they can cost more than the land. Also for larger farms make sure you have a plan for some sort of AG use or the taxes will kill you.
@keylanoslokj1806 Sorry, agricultural use, for larger plots of land the taxes will be very costly. If you use a certain amount for crops, animals, timber, etc. you can qualify for large reductions in taxes.
Let me tell you something Mister....I Guess that most Agents/land sellers would not just share this info. the way you just did. Well Done and Thank You.
Yea, they had to drill down 500 feet. With 300 ft of casing. My elevation is about 1000 ft above sea level. We built our house on a hill with the best view. It's beautiful but comes with added expenses.
If you are near a water body, make sure you know how wide the "shoreland zone" is. especially in Maine. In Maine most towns will not let you place a new dwelling in the shoreland zone (setback from the water). Older buildings are grandfathered and can be rebuilt. If you want to build a new home on a lake or stream you may find that the majority of the property is shoreland zone and there may not even be enough "buildable area" to construct a new house. shoreland zones and resource protection zones can be 100 to 150 feet in width or greater. In Maine wetlands with mapped vernal pools have even greater setbacks so be careful
Good point in taking to the neighbors, I put in a pre contract on a piece of property and then went out to survey it (I work for a surveyor) and while out there I got to talking to the guy next door and turned out it was his sons property that was in prison and he said his would always complain that the county stole his land and was going to make whoever bought it his goal in life to make their life miserable. Next day I backed out of the contract..
I always thought about if you ask a neighbor and they don't like something about you or don't want no one to live next to them they may have a story all ready for you to discourage you from buying 😏
Hello ! May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. Thank you very much for your time. Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them). Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI). Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy. Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful. Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI). Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad). Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning! Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures. Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement. It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them. (19-22 / Translated by Muhammad Asad).. God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.” (2:136 / Translated by Community) Salam (Peace) -----------------------
I researched a person wanting to rent my house. She said she had no kids. I went to her address, saw the yard was trashed. I asked a neighbor about her. She answered, Those kids are hellions!! I passed on renting to her.
Maybe she was planning on ditching her kids and you totally fooled-up her plan. Thanks a lot dude, another stressed out mom living on the edge of suicide no thanks to this responsible renter.
All great advice, but I'd add these critical items: 11. Easements. For example, there may be a power-line easement across your land. Or there might be an access easement. e.g. a neighbor might be able to drive across your land to access their land at particular times or whenever they want. Or there could be a sewer or water easement across your land for running the sewer pipes or main water pipes. You generally cannot build on or close to an easement, so you need to make sure you know where they all are. 12. Future Changes / Developments: are there any plans - even in the far future (as far as you can search) - for widening the roads, or for the government (or military or someone else) compulsory acquiring all or part of your land for some reason - to build a new train line, to run new electricity transmission lines (the big metal towers), or for some other reason. 13. Mining or other rights: does anyone own any mining rights (gold, silver, oil, etc), gas extraction rights, or any other rights over your land. A previous owner may have sold these to rights to someone. Or, someone might just come along and try and make a claim over part of your land. 14. Is the land you want to buy in a place of great natural beauty or does it have any cultural significance to "First Nations peoples". Are there old camp sites, burial sites, ancient artifacts on or under your land. Be very careful, because they may just come along and claim your land, your house, your sheds ... and you wont have a leg to stand on. If you have a mortgage on the property, you could still be liable for it long after the property has been claimed / stolen from you.
Good information sir. Thank you. A friend of mine told me a story of acreage he nought in New Mexico that came with a house. He was in his back yard watering some potted plants at his back door. A man pulled up in a nondescript pickup got out and started to make conversation with him. He then stated he was from the state and asked him if he water rights on his property. The man told him he didnt have water rights and could not use the water spigot from his house to water the plants at his back door. It always pays to do research before you buy a property.
After we retired we were able to purchase 3 parcels of land (45 acres) adjacent to our home by looking up the owners on county records, contacting them and asking if they would be interested in selling. While one parcel of 38 acres was zoned forest land (keeping the taxes low) it was later discovered that 8 acres of that had been rezoned residential but we are allowed to keep it taxed as timber property until such time we want to make use of the residential zoning. 4 acres of another parcel is residential property located near a housing subdivision that can be divided into two parcels with power and community water readily available. Valuation of these properties is substantially more than what we purchased them for. Granted we were able to do low cost cash purchases but could have gotten financing if needed. Just like making an offer doesn’t hurt, neither is asking an owner if they want to sell. The worst they can do is say no.
I would move number 9 "talk to neighbors" to number 1 position. That way they are not calling the cops or approaching you with guns. Seriously, this happens.
I have had that experience too Every government agency banging on my door nonstop Terrorists next door The neighbors joined on the insanity House from hell San Diego
Related to deed/title restrictions, check for any property easements. We once owned a property that had sewage lines running through the yard…which the public utility company needed to be able to access and we couldn’t build anything over the buried lines (technically, we could…but the utility company wouldn’t be responsible for any repairs if they needed to access the lines).
I built on a corner vacant lot in the city.Not knowing the utilities & cable companies had an easement on my front lawn I now have 5 company's lines. They dig up your lawn, destroy shrubs, pull out trees & you have to fix it at your own expense. Their hole covers are an eye sore on my beautiful manicure lawn.
I just bought 20 acres of totally unimproved land about 30 miles south of Winslow, AZ. It's desert/prairie land, with no electricity, no water, no structures on it, and you pretty much need a Jeep to get to it. It is not zoned for anything, and is 30 miles from any city limits. Yes, at the moment it is pretty much worthless except as a campsite, and I intend to spend about 1-2 weeks on it during the 112 degree F AZ summers (that's what it is in Phoenix, where I live, it will be in the mid 80s F where the land is located) I basically converted some of my life savings into this land. I'm 64, and it will be left to my kids. It was amazingly inexpensive. Only time will tell if it ever increases in value. I likely won't be around to see that. But land rarely ever goes down in value, because there is a finite supply of it. I have no intention of making any improvement to this land at all.
If you had come to me to ask my advice I would have said that whatever $$ you invested in the land, you could have invested it in a conservative growth mutual fund and made roughly. 7 to 10% per year, or invested in divided paying stocks for income and growth then in the summer you could go camp on BLM or forest service land for free. It may take a millennia for that land you bought to have any real value. I hear ya about the temps, I live in the Phoenix area also.
A lot has changed in the past 20 years. When I was in the US I could not believe the land prices but more important the land availability. Right now I'm living in the Netherlands which is pretty much a big City without much Nature or free space to build, and prices are way up there. Like 500K for a house is normal, I am living in a cheap part of the country where my house in connected to 6 others houses and it still costs 150K. Rent Prices are 600-800 a month at least in the cheap area so luckily I avoided that. The regulations here are very strict, You can't own a gun like in the US, Hunting is not the norm here, you need licenses for everything and if You like to go for a day in the woods you have to buy a ticket. Now my eye is set on France which has more open areas, Possibly Spain. Almost bought a house in Germany many years ago when it was still in the Deutschmark time before the Euro was implemented but the owner died in the buying process so the family messed that up. Back then housing was cheap and had more space around the houses, Still very nice lots there now but prices have doubled if not tripled. Best thing about the US is the abundance of Nature, please treasure it and realise it's not like that everywhere on the world. I do see some negatives as well but overall, you can have some peace there if you choose it without too much regulations. Enjoy Life! :) and Have an awesome 2024 !
As an appraiser, I can tell you that if you plan to get a mortgage loan to purchase the property, the bank has to order the appraisal and it has to be addressed to them. A bank is not allowed to use an appraisal they didn't order and is not addressed to them. Anyone who says otherwise is either lying or doesn't know the rules.
one correction: just because a land won't perk, doesn't mean you can't put a septic system on it. It just means you need to put an alternative (more expensive) system on it, with a large leech field that needs to be added above grade. Dosing systems, sound mounds, ecoflows, etc. are all specialty systems for situations where the virgin ground won't perk.
Well that and make sure the aquifer you’re tapping into isn’t contaminated. A lot of big companies have dumped junk and it has seeped down onto the water. For reference I live over the Ozark aquifer and just found out that TCE was dumped on a piece of property in the 60s and our technology today is just now showing that hundreds of private wells around the land are contaminated. The companies know what they are doing and stay hush hush until people find out. So yeah… ask the neighbors if you can test their well.
Always make sure you see the restrictions. I heard a story from a man near Lake Michigan who had a little cabin and camp and homesteader sawmill.. but, because it was within however much distance from the lake and it wasn't a primary dwelling for him, they made him tear it all down
I know of a person that bought a house thinking they had a big back yard only to discover that almost their entire back yard actually was part of the neighbor's back yard. I know of another person who was repeatedly warned before he even started building that he was building on a spot that after a big storm could be a couple of feet underwater. There were other places on the property that were safe to build on, but he insisted on building there and then had to spend a TON of money to reroute floodwaters around his house. And he asked, "Why didn't anyone warn me about this?" afterwards.
Just put in my own septic system. The old one finally failed. Water table in Florida is ridiculously high. I used a plastic tank. It took quite a few weeks to get it right. Had to put in earth anchors in, like tying down a trailer. Now im going to put in a sand mound for leech field drainage. I definitely felt that part. Good info here. New sub.
The "will the property PERC" is why the lots next to my house have never sold and will never sell. They are roughly half an acre, but because of where I live in north Ga they're in a forest preserve. I thought about buying them because they're at a very cheap price, and then because it would basically be buying two half acre lots I'd increase the size of my yard by an acre and the dogs would have more space and I'd have room for a green house. But I looked into it: because of the forest preserve regulations and issues, those lots cannot be combined with any other lots (so I cannot legally combine them with my house, and I'd have annoyances like 3 property tax bills a year instead of one, etc, and no one else can legally combine the two lots to themselves for the same reasons). And building regulations since the early/mid 80's have stated that the edges of the buildings need to be 10 ft from the property lines. But these are OLD lots (the previous buildings on them burned down in the late 80s/early 90s) and they are super narrow (rectangular in shape). If someone DID decide to attempt to build on them, they would literally be a shotgun style house that was only about 10-12 feet wide from outside edge to outside edge. Meaning when taking insulation and piping and everything else into account, you're talking about a whole house that's the width of a dorm room. They can't reasonably be built on. And they are a waste of money. If it weren't such a legal hassle the idea situation would be for me to buy them and add them to my yard as a larger lot. But as is, no one can build on them anyway, they are just forest. My dogs can use them, I just can't fence it in. And this way I'm not paying extra taxes. I get the looks and curb appeal of a bigger yard and use of it as long as nothing's permanent and don't have to pay a penny. Even in this economy, those lots have been up for sale for the last decade consistently. And no one's bitten. Changed hands 3 times from development company to the next, but they're never off market for more than a week before relisted at an even lower price.
Mc: You could put an invisible fence around the forestry property to keep your dogs in. Do it at night or the weekend and no one needs to know as it is only a conductor in the ground.
We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay
I understand a lot of what you're saying. I live in South Louisiana also. We live in Des Allemands and something down here that happened to us during this extended drought was our property starting sinking and raising. My house is not in a flood zone and has been well for about 20 years. This year, we experienced horrible foundation cracking to the point that our door frames are out of wack and our doors no longer shut. We have 3 large cracks in different parts of the floor. The largest is 1 ½ inches high by 2 in wide. My neighbor's driveway also experienced this. His driveway split and has a crack about 1 inch wide by 3 ½ inches tall. So don't just check for records of flooding but also check to see if the previous owners experienced hardship during droughts. Much love! Appreciate all your info
I’m in Canada but we have similar headaches with land. I bought large acreage with no deed restrictions and built my home. Years later decided to sever three lots and the conservation authority claims there is karst on the lots I was severed and they will refuse my application. However karst is severe and on the land only has some cracks of two feet deep and water cannot drain into the water table. However the individual refuses to change his mind and intimidated my engineer into basically ghosting me. I got a second engineer not from our area so he couldn’t intimidate or make his job difficult. Now that conservation guy is avoiding a site visit with my very qualified engineer. If he keeps it up a lawyer is in the cards. I must say this is becoming expensive and exhausting coming on three years now
@@TheRealWayneTurner exactly, I believe it's a personality issue. When I walked the site with him and my first engineer he was bringing up things like septics that he had no jurisdiction over. Also told me the flat solid land was dangerous to walk on, I didn't know how to reply to such obvious BS. Had the severances been done within the first year which is normal we would have hit the high for land prices, now the three lots have dropped about $300k as a group.
I want to thank you for all your information. We are looking for land in Marion county Florida. We saw a parcel we liked and the seller has gotten very defensive when asked the questions you have recommend. He refuses to get a survey and now he has reduced the due diligence time frame from 15 to 7 days and the property has is now listed as AS IS. THANK YOU for helping us to notice the signs.
Thank you, you just confirmed to me that my years of research was done correctly. Everytime I see a property listing I like and see things written on it that I did not understand, I would go find out what it meant. You also just confirmed that I am finally ready to buy property. I have waited for years because I didn't feel that I knew everything I needed to look for in order to make a good purchase. I feel that I am ready now.
My Dad bought land to vacation off-grid. After 3 months, he started getting electric bills, but he had no electricity. Found out, you don't have to use electricity to get a bill, just a line running through your property. He sold it.
All our water service in S Florida are set up like that. If you have a meter theres a monthly charge. Even if the water is shut off. The only way to not be charged is to pull the meter.
@@Dbb27 here in the south is worse. You don't have to have a meter, just an address. My Dad fought them tooth and nail, but they would not budge. He got mad and sold the cabin.
I’d add another - be on the lookout for trails that might run through the property and even primitive structures like hunting blinds and shacks. Upon purchase, the users can seize those parts of the property by adverse possession!
Another thing I have learned when buying land is that sometimes you can get the owner to agree to pay half of a perc test if it has never been done; if it passes, then I'll reimburse their half back at closing. But at the same time, you need to make arrangements with the company/ tester about how they would get paid and by whom, and whether the Perc test is good or not. If the seller thinks they'll be slick and cancel the deal after a good Perc test and pay only half, WRONG; they pay for the whole Perc test. Ask me how how I know? The seller didn't read the agreement of the quick contract. Need to have anything in writing between all parties.
This guy is excellent. I have been through some of this stuff. I would have put the septic/sewer higher on the list. But I would not argue woht this man, he has been there and done this and I bet he as more good advice. A lot of countys and towns the septic is the tail that wags the dog. There are some Grandfather clauses fo rexisting buildings. Learn the county and state you are working in. Often times the next county is completely different and not as difficult. Almost never buy property without a house on it. You can always rent that if your other plans don't work out. I will never get into an HOA againand I have heard that said by others but I had to try it. Stooopid! for me, Think long and hard. The costs never stop going up in an HOA and with todays inflation it will break some people. They will harrass you to death with rules you don't have the cash to comply with and they rules are never implemented equally over every owner. They will drive you crazy. If you need to cut costs , too bad , with an HOA, you cannot.
One thing to consider in parts of the west is just because you can put in a well you may be limited to just domestic use. A garden is fine but dont plan on putting in large scale agiculture unless your permit allows that much water be pumped.
A good reference is Les Scher’s book “Finding and buying your place in the country”. It goes through a lot of considerations related to rural property. And don’t overlook easements - do you have legal access to your property and does someone else have an easement to cross your property?
I have never considered buying a property , this video really schooled me on the process should I ever decide to purchase a property . Thank you for taking the time to make and post this video .
You are full of great wisdom. I have been looking for property for 3 years and I am taking my time to find what is perfect for me while I build my finances. This video is of great value!
Great advice. Back in 2010, I got 5 acres in Arizona for a good price. The only problem was the trailer and junk cars and hundreds of old tires and the city given me a time frame to clean it or huge fines
I've seen this, too and its kept me from buying. Land that's good land, great view, but there's an old mobile on it to haulaway plus other junk. It'd cost more than the land to have the messes cleaned up/removed! I'm not cleaning up someone else's crap pile!!!
*_You forgot to say do not just pick any appraiser that you can find. Talk to your lender first as 99.9% of lenders have an authorized and approved list of appraisers for you to choose from. If you choose an appraiser that's not on their list, you will need to have a second appraisal done at your expense by someone who is on their list. Double the cost and double the time._*
I wished we had watched this back in 2016 when we purchased this heap we hate now because of the water issues that were not present when they inspected and only showed up when it rained heavy. A goldmine for people looking to buy definitely in this video.
Back in 1960 my dad went looking for a small farm for us to move to!! The first thing we looked for… a water source springs preferable or good well!! That’s what dad taught us!! Trees.. pastures crop areas or gardening areas!! Great job
Very good point to walk the property in the rain. To state the obvious, rainwater flows downhill. If the property is on a slope, you need to plan to build at the top of the slope, and not anywhere else. Or you will be fighting drainage issues forever. Nature wins.
Some people has God given ability to explain and do presentation perfectly. Wayne is one of them. Very short and precise information. Loved it. Thank you Wayne
Just because you have road frontage does not mean DOT will approve a driveway - you need a clear view and ample space for oncoming cars to see you - 500' in some cases, depending on speed limit.
One thing you never want to do if there’s any inclination that the land gets swampy never look at the property when it’s in the dry time of the year anyway, my dad used that philosophy, years and years ago he bought a piece of property and part of it was swampy and they built a house on the other part. It wasn’t swampy, but he went and checked it out during the late spring early summer, and it saves a lot of heartache.
My sister-in-law and her husband were looking into buying some land. But previous occupants never stayed on the property. So, she paid for a deed trace. She found out that it had a lean of over $27,000 on it. People were thinking that they could buy it for the taxes owed, without knowing about the lean.
Excellent advice. I’d also include checking out if any plans have been approved on neighbouring properties. Paradise can quickly become a nightmare if you find out neighbouring properties are going to be used as a dump and therefore have noisy trucks coming and going all day. Or a speedway may be in the pipes.
You forgot perhaps the most important thing, does the property have public or legal deeded access? Landlocked property can be very expensive to get legal access.
#10 is absurdly important. My best buddy lost his home and land over unknown liens from the previous owner. This bit him in the ass in a way that I struggle to put into words.
If it's a lien on the property from the previous owner then that should have been paid or taken care of during the sale. The lien holder should have recouped the money from the original owner regardless of what the lien was against.
Another thing. If there's any sort of building on the land, even a shed, don't disturb it or remove it until you build what you're going to build. If there's no structure existing on the property the town or county may try to prevent you from building a structure on it. God bless America!
One thing you did not say is having property in a flood plain helps lower property taxes. I have 18 acres split in half by a creek. At least 12 acres is within a flood plane with 1 acre homestead and a home built. Every year the county attempts to raise my property taxes insane amounts . Last year they appraised my property at 918k I had it lowered to 600k based on FEMA flood map of my property as well as pictures of the 12 acres flooded in 2017. Every year I go before the appraisal board in order to do this as a normal appraiser can only lower your appraised value 10%. So yes you should consider if the property is in a flood plane however this can also benefit you over the long run if you can build on the property. I also have an agricultural exemption as I have honeybees.
Unregister your Deed at the County Recorders Office and your Land and home on it will be removed from the so called Property Tax roll. Record it yes. Register it no. Not required. You must know the Law. Whenever you register something, anything in the U.S.inc the Corporation pretending to be our Government's Territory you are giving Ownership to the registering agency now they can charge you annually for the use of it as you are now the holder in due course with mere user privileges. Don't believe me? Then explain to me why 1,000's of homes and land get foreclosed on everyday even though the people have paid off their mortgages years ago? Because their friendly real estate agent registered their deed for them when they recorded the deed. You are not required to register your Deed so it will be presumed by the Court that you must of done it voluntarily or why else would you have done it. Certainly you can't be that uneducated in the Laws regarding land ownership and if you are ignorance of the Law is no excuse and the Court will rule against you. Your grounds for unregistering the deed is fraud. Failure to disclose to you you were giving your home and land away. Unconsionable Contract. If you had been told you would never have registered it. Unjust enrichment. The County never gave you a f cken penny for your home and land. No Consideration for the deed so they have no standing to say it's their's. Have you been suckered? Yes. So have I and millions of others too. Can you correct this? Yes you can. You do not have to believe me. One thing about Law is you can always research and read it for yourself. You don't have to take anyone's word for it. God Bless and good luck. Same thing goes for your car or truck. You never receive a title even if your car or truck is paid for. You gat a Certificate of Title which is not a Title. You gave your car or truck to the STATE when you registered it which you are not required to do. Only the true owner has the ability to issue a Certificate of Title to certify that there is a title somewhere. Think about it? Again, research what I am saying. James C. Lovett knows the Real law and explains it. No cost. Stopthepiratesspotblog.com Jeff Anderson explains these things well too.
@@hankwilliams2761 You need a hundred eyes, deep knowledge, lots of help and knowing where to find a good lawyer FAST. And every document and right you can IMAGINE.
CA here! Research fire zone. A lot of insurance companies are not doing home insurance policies on land in fire zone. So essentially, if you buy land and it’s not insured you are responsible for everything that is lost in a fire.
That was a very good summary. Thanks for sharing it. I would say the most important one would be #6, Deed Restrictions. If you can't do the things you want to do on the place, then it isn't worth much. A lot of people seem to get into trouble by just assuming they can wheel a travel trailer, or a tiny home onto the place and live in it. Lots of places won't allow even that.
Like, here, in Gadsden, Alabama, … no travel trailer living, … they will tow it at the 1st opportunity, and then send you the bill for destroying your home away from home, just because they can, …
@@Edgar-kl6us My wife grew up in rural Kentucky. I was born in Mississippi. The reason for that is code enforcement is so that YOU do not run your sewer line into a nearby creek. Ask yourself, is it fair for trailer dwellers to dump raw sewage into the ground and possibly run into your neighbor's property or well? In effect, your rights suppressing another person's rights.
All very good points. Here in California we a high fire danger. If you find a property that you are willing to buy (after doing your due diligence) you probably will not be able to get fire ins. My agent has had 30% of his polices cancelled by the carrier in the past year. They are not writing new policies.
Great advice. In a fire zone you will need a inner and outer safe fire zone which can include tree removal if allowed (council) and may take up a large area.
I totally agree with his comments. Fortunately I've been doing these things but a refresher and hearing from another person in another country is always good. Thank you.
I just resonantly bought an un- buildable 1ac lot from the neighbor that bordered my lot. It has an easement and a TVA right of way on it! Pretty much a useless piece of land. I knew all that before I bought it. The neighbor is selling the rest of it with the house. I couldn't take the chance on the new owners turning it into crap hole! That happens a lot in Alabama! I needed that buffer zone!
I feared a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
You are not alone we can no longer afford our mortgage, wife wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice but it may be wise to invest, as cash isn't ideal in this period. I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.
@@selenajack2036Marisol Cordova is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
I am reading this feom Kenya,Africa and i find it very informative.in the US you have similar issues that a buyer needs to guard oneself from but especially fraudsters. Very informative for anyone searching for a property to buy. This applies to every country on earth especially in countries where there is scarcity of land
These days with property taxes, we are essentially leasing land. Food also takes work to produce and maintain. I get your point though, better to have a modicum of self sufficiency vs being over reliant on society. This mindset also transfers to tradesmanship. Being the best at something useful is a good place to stand.
I commented on this in another part of this discussion. If you have any hills or gullies on your property, a new survey may result in less acreage than the old one b/c they used to measure the ups and downs. Modern methods measure as the crow flies. Imagine an egg crate...you can measure down and back up the sides of each egg space, and end up with more inches than if you'd just measured across the lid.
1) Walk the land
2) Appraise the property
3) Get a survey
4) Wetland
5) Flood Zone
6) Deed restrictions
7) Will the property PERC
8) Water - City water or need a well
9) Talk to the neighbors
10) Get a Title Policy
Talk to neighbors about the other neighbors to possibly avoid a bad neighbor situation.
Along with #6 goes check the Zoning. (#10 does not apply in Iowa)
Always amazes me how few people do this. A person bought 50 acres above me and didn't know the zoning restrictions for land above 1500 ft elevation. He can't have any larger than 900sf and only one story, and it can't be occupied year round. Busted his dream of a huge log house, but he didn't do his homework.
I would do #4, 5, 6 before spending money on a survey or paying for formal appraisal. If you are in a flood zone you are probably in a wetland area too. FEMA flood maps are free to look at on their website. #6 is a little harder but you can ask the seller and then verify if you still want to move forward.
LOVE CANAL.....nuff said
My wife and I bought 5 acres of undeveloped forest land on a dirt road and next to a power line in 1991 for $18,500. In 2007 her and I built a $135,000 home on it. We were retired and did much of the work ourselves. Today according to the county it is worth $735,000. It took years and a lot of sweat but now we live in our own quiet paradise.
Simply dope. Blessings to you and yours
God bless you and your family sir.
Congratulations 👏 I'm a home builder but absolutely love seeing stories like this... especially in today's ridiculous housing market.
Hello and your comment inspires me. Looking to buy a small land in Western NC to build a small home on it in the future. Hoping to have a small place to spend time in n be at peace. Thank you
That’s awesome 👍👍
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
consider moving your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilize. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
We purchased 50 acres of forest land from Weyerhaeuser recently. One thing that was very important to us was owning the mineral rights. Most don't think of that, but the last thing you want is someone legally coming onto "your" land and digging under your house. If you don't hold the mineral rights, you don't truly own the land.
This is true. However 99.9% of properties do not include minerals
how does that work when it does NOT? like a previous owner sold the land WITHOUT? and they keep it in perpetuity? We need video on this lol
You never actually own land. Ask those who don’t pay their property taxes and lose that land even if it’s been in the family for decades. You just lease the land lol
With all the fraking for oil we get nowadays it could be even WORSE. Somebody could turn your property into a toxic waste dump.
My mom thought she inherited land but it was actually the mineral rights. She was mad at first but those mineral rights have been earning her money for years while the land itself is nearly worthless.
I went to a real estate sale seminar. The land was acreage broken into lots, but there was no road access to the property. You would have to negotiate with neighbors to drive across their land to get to yours, plus build the road. Nobody was asking about access or restrictions and when I did the guy looked very annoyed. Cheap land can get expensive to use. Research pays off.
That’s called Landlocked property not what you wanna purchase
@@heavencantwait1218 and yet it appeared 3 people were actually buying these Landlocked lots. Buyer beware.
if you see annoyance, that's a red flag
WTF!?! It is a seminar and they don't even teach the basics? Ask for your money back because they are criminally worse than useless. Frankly, access and restrictions are the type of things you mention to a client to amaze them and convince them that they need you to buy property without falling in pits.
Exactly. Glad I learned about "legal access" because I see so many properties for sale without one.
Stock investment is currently better than real estate because it offers greater liquidity, allowing you to buy and sell quickly. It also requires less initial capital, making it more accessible, and you can easily diversify your portfolio to spread risk. Plus, with technology, managing stock investments has become simpler and more efficient.
Back in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet. in terms of smart investment, i believe the stock market has been really beneficial,especially with the help of a financial adviser.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
Don't forget water rights timber rights and mineral rights. As well as making sure the land has no livestock restrictions...❤
Title policy covers all that or makes apparent exceptions.
So I can't have a Wife?
@@ravenlorans😂😂😂😂😂😂😂😂
@@ravenloransIt reduces risk of loss, so no..
I thought up to a certain depth you own the mineral rights?
Man surveying for minerals on a big piece of land must be hella expensive. I’m guessing geologist gotta bring out a crew with a 200 ft drill to collect the core samples.
Talk to the neighbors is a big one. Trust me, I walked away from the neighbor from hell. He didn't agree with the deeded easement to get to the property for sale. I'm too old and tired to fight people. I just walked away from the sale. I realized that's why the owners were selling.
Thank you for sharing your story.
Very good point. A bad neighbor can make life a living hell.
so true but if its big enough then not as important, also remember bad neighbors
can always buy in any time after you, and that is a real bummer. I speak from experience.
That’s a great idea! ❤
He was probably trying to buy the land cheap, scaring off the buyers.
For someone who knows very littel about buying land but is interested in buying land, this video, along with reading the comments, was awesome. Love the checklist approach (easy to understand). No hype just the facts.
Glad it was helpful!
@@TheRealWayneTurner You are helpful, you are also scaring me into being EXTREMELY careful and checking EVERYTHING. My nightmare is buying and building my perfect paradise and then someone fraking and leaving me living in a toxic waste dump with tap water you can light on fire.
Also keep in mind mine & my husband’s experience. We purchased our house & property in ‘96 and it was NOT in a flood zone. But 12 years later, FEMA changed their flood map and unfortunately, their changes enveloped our property. So, if you’re even *close* to a flood zone, that zone is subject to change at any time in the future.
That’s a great point!
Everything is going up on piles and stilts!
I bought a 78 acre farm in southern Kentucky 2017 at auction, when i had a title search done it had 3 leans on it that the auction company didn’t know about! Took 4 months to get a clear title and deed for the property ! Title search cost me $350.00 , well worth it , i wont ever buy property again without a title search !
@@NathanDayspring-re4okHope no tornadoes and or hurricanes.
@@MegaRiffraffgreat point! Who did you go to to have that search done? Just pick a local title co?
Just bought 12 acres of lake front land in South Carolina and the price was way lower than what it would have cost in any other state. Now I'm having a everything finished up so we can start building our dream home. The whole family is so excited and looking forward for next big journey in life.
This is excellent - very complete also. I would just supplement two things you reviewed here: 1. DON'T order the appraisal yourself if you will need a loan on the property to buy it. Federal law requires appraisals to be ordered by the bank and a borrower-ordered appraisal will have to be thrown out and another one ordered by the bank if you order your own. 2. Buy an OWNER'S title policy. A bank will require a LENDER'S title policy but that does not protect the owner. Two little but important technicalities for an excellent video that I believe covers all the main things to consider. Thank you!
This video Is Very Much Helpful and The comments are wonderful to everyone that commented. Thank You and I am also Now Equipped to purchase.
I'm glad TH-cam started to view me as a person who can afford to buy a land since this video has shown up on my feed. I've never been so flattered.
You can do it 💪
It’s a mindset, Bob. Dream big 🤩
Same. Meanwhile I'm working INSANE hours, just finished a TWENTY SIX HOUR shift at work, God I'm so tired, but I can barely afford food, I've had wire showing on my front driver's side tire for weeks, and there's no way in hell I can afford to go to the dentist, which I desperately need to do. Minimum wage sucks. $7.15/hour just doesn't make ends meet.
There are ways to get land ;)
@@jessicahay9305 Get your Commercial Drivers License and you’ll likely make twice the money with only half the effort. Get your tank certification and you can haul milk if you live near an agricultural area. Low stress and good pay, and you won’t have to drive all over the country either. Get off that treadmill, my friend.
My family was in the well drilling business going back to the 1940s. I ultimately chose a different path, but I did work with my dad on the rig as a teenager. From what I recall, actually solid rock was the best and easiest stuff to drill through (because it stays open as you drill through it). Boulders, gravel, and sand were the worst and most difficult (and expensive) to drill through because of the technical challenges of keeping the hole open as you drill. I remember my dad quoting a lower rate/ft in places he knew there'd be solid rock. Rock holes were so quick and easy.
...so if you're looking at a property where you'll need a well, put in a call to a driller and get an estimate. They'll be able to look up records of other wells in the area, and tell you how deep you'll likely need to go, what kind of material you'll have to drill through, and how much water flow you can likely expect.
That’s very interesting!
@@HHB884 I do that for Bathing and Cleaning Water and for Pets.. Drinking Water comes from Neighbors that already have wells.. and a reason to talk with them..
Absolutely the truth, under Central Oregon volcanic rock is the base. There are large voids in the earth that will trap the drill,, and when they are discovered concrete trucks are brought in to fill them underground and then drilled through. You may also be over buried cinder cone with no water beneath for miles! My well 780 feet deep.
My brother found a view smaller acreage here in northern California and it didn't perk and our County doesn't allow aeration septic that he thought he could do, so that property Sat for 45 years and I wound up inheriting the property. Luckily my realtor found someone who wanted it and sold it about 4 years ago for 73k. Had the property perked it would have been 200k
In the Northern Territory of Australia a couple looked for a couple of years to find their ideal block with large trees and a cleared site for a house. After they signed the sale they went to view the property they had just purchased. The block, between 5 and twenty acres had been completely cleared. The former owner had cleared the land ‘as a favour’ and sold the timber.
Because the trees weren’t listed in the agreement they couldn’t get compensation.
That's a real shame
Ive been buying and selling properties for over 40 years and I have seen hazardous materials that previous owners dumped on the property and ive seen where they had dug a hole and buried an entire Mobil home so definitely look closely at the property you can get screwed fast
😂 wouldn't it have been easier to tow it to a junk yard than dig a hole that big??
I would add to investigate railroads, flight paths, industrial sites, etc nearby. I once bought a piece of property only to find out there were uncontrolled railroad crossings close by that had freight trains running past them at all hours of the night, and they have to honk their horns at every uncontrolled intersection by law.
I'll switch with you for my place with several commercial flights buzzing the house directly above it every hour.
My Cousin Vinny sitch lol
@@jacksonvreal_904 Oh shit you're right! 😂
Our company put us up in this beautiful upscale place on the river everyone was all smiles until the trains, planes, boats and birds noise began. Along with the airport that was five miles away they had military flyovers weekly. It was a very happy day, when we left there.
Great point. Never trust real estate agents completely. Had one try to sell mother in law property in a neighborhood right next to a mine where windows / house would shake throughout certain times of the day. I came to know about it only because I had researched the area meticulously when moving in for flight patterns and various other things. Slimy they can be …
We checked out some land in the mountains.
Someone had previously attempted to build on it (they weren't the current seller).
I asked about water a few times until the seller admitted that the property is landlocked and the quickest way to hook up to city water was via a neighbors land and he refused to allow it.
Mind you, the neighbor was a judge and he alone land locked the property on 3 sides.
Jc people are shit. Effectively making that property his also
Other points to consider: 1) hire an abstractor to see if there were any prior developments on the land. i.e.- dump site, cemetary, etc... 2) have a soil boring of ground analyzed- the soil composition will dictate the type of foundation that will need to be built to properly support the building you will build, 3) make sure the land is zoned correctly for what you want to build, 4) have a Phase One environmental report conducted to make sure there is no environmental issues/history to the property and 5) make sure gas, water/sewer, internet is at the property line...
can be costly to owner to bring it to the property and, in some cases, the utility company won't bring it to you at all.
What’s all that gonna run ya?
Sewer, water, gas and internet at the property line lol that's city land or lots in a McDevelopment.
Good tips. I misunderstood the zoning for a property and was so annoyed that I couldn't construct the "accessory" building I wanted.
I think that’s called a soil hydrology analysis for foundation work.
@@svthorasailing4868 You're correct on that.
I live in the UK and once took a few flying lessons. The instructor told me quite a few of his customers took the lesson not for the flying but to survey the surroundings from the air as they were buying land. Often a lot cheaper than hiring surveyors. You can see a lot of hidden things like sewage treatment areas or still ponds not obvious from the maps.
That’s pretty cool! You could also hire someone with a drone (they need a license in the US if it’s used for commercial purposes). I still recommend a survey to determine the exact property boundaries.
Drone would be way cheaper and easier.
Paramotor
And then there is the cheapest route via Google Maps satellite view / Google Earth ...
provided the imagery is relatively current.
@@rjbradlowthe resolution isn't high enough.
I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quite mediocre neighborhoods. Then you’ve got Better, average sized homes in nicer neighborhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.
Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.
This is precisely why I like having an asset manager look over my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a manager for more than two years, and I've made over 85% of my initial amount/
’Sonya Lee Mitchell, is respected in her field. I suggest delving deeper into her credentials, as she possesses experience and serves as a valuable resource
@@PennyBergeron-os4chThis person is absolutely full of shit.
@@PennyBergeron-os4ch you are right on, we, the dtuch had the doubtfull honor to create the first financial bubble, 17 th c bulb trade, its interesting to read up on history, every century has its bubble and crisis, and in everry crisis it seems, that real estate loose a 60 % so count on 40 % value left, luxery goods ? 15 % and this is what my father told me too, he started a hardware store in 1937, he nearly went broke on it, but after a coarse in radio repairs he did ? he did get plenty of work, everybody wanted to listen to the radio, in those dirty 30 s the few people with money did not dare to spend it, inflation is not great but deflation is worse, and that is what you get in times of a real crisis, beware of wolf in sheep clothes as well, no wonder people try, if you live on the edge of bankrupty ? i think, best is, wait and only spend money when you really have too ?
better make sure loans and mortgages are paid off as much as possible,
Very accurate information. In California, I installed a a solar powered well at 440' deep. Total cost was $22,000 but I dont have any electric bills. RPS solar
I survey lots of 10+ acre, overgrown properties of which the owner will never find the rear corners unless we show them. In a certain area I work in 1/4 mile or even 1/2 mile strips only 100 feet wide are common. Try figuring out how far that is walking through thick woods, hoping you walk in a straight line and find one of the stakes. People often see the front stakes, put a house or trailer a couple hundred feet from the road, and ignore the rest of their land. We charge extra for stakes on line every few hundred feet.
And thank you for all your hard work!!
As a beginner, educate yourself: Learn the basics of investing and the market. There are many resources available online , including books, articles, and online courses. It’s a good idea to diversify your portfolio across different stocks and sectors to minimize risk. I’ve heard of people accruing over $570k during recessions and inflation, its important to do your own research
I thought about investing in the real estate market, I heard that people make millions , but I lack good knowledge and a strategy to outperform the market and generate good yields. I have $460,000 but it's hard to bite the bullet and do it. Money is hard to come by
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 40, I am thrilled to share that my passive income exceeded $100k in a single year for the first time. This success reinforces the importance of the advicmonth e mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity.
Fantastic! Can you share more details?
She's known as Julia Hope Marble ''. One of the finest portfolio managers in the field.
This isn't the first time l've seen her name on social platform.
A title policy saved me over 100,000 dollars on a property I bought... They are worth it. I have bought a lot of title policies and only needed it once but you never know when you will need it...
care to share the juicy details?
My title insurance company filed bankruptcy and left me with no coverage. Total rip!
@@fedism I replied but I no longer see it? I had one of J. R. McConnell properties. look him up...
Watch out for title policies.
Many now have clauses that say they can just abandon any title insurance claim if they decide it's too much for them
@@ronniebob5960 I got on board early before Ticor title went tits up and got my money during the JR McConnell real-estate bust...
I've been in planning on the regulation side for 35 years. You absolutely MUST look at the zoning restrictions on the land, if any. Are there regs on tree cutting? What sorts of uses and densities are allowed? What sorts of impact fees does the jurisdiction charge? And I would also look up the ownership history. If you find a car repair shop or a junkyard or some industrial user had the property 40-50 years ago, that would be your clue that there MAY be lingering ground contamination issues that could come back to haunt you.
None of these issues would haunt me as long as the government keeps their nose out of my business and off my property if I buy a piece of land I don’t want to have the government holding their greedy hands out waiting me to pay for permission to breathe on my own land this government embezzles enough money from the hard working American citizens as it is in case you can’t tell I don’t care for government intrusion in the lives of the citizens of this country it has just gotten out of control every time I turn around the government finds a new way to take our money away from us pretty soon I will have to get a permit to take a shower and if there is a drop of water left on the floor they will have a cop in there to give me a ticket for unsafe slip hazards in my house this is about how invasive things are starting to become and it’s only getting worse with inflation and the government robbing us blind it’s getting impossible to afford to live anywhere and now it’s getting even harder to live on your own property and homestead it because permitting for everything takes the lions share of your money for the material that you need to build as you are living paycheck to paycheck I can buy a lot of 2x4 with the 2500 the government is wanting for a permission slip to build my own shelter on my own property that I am going to live in so I know that as I retired carpenter know that I don’t want to live in an unsafe structure and don’t need to pay for permission or to have someone else give me their opinion on how to build and pay for it if they want to come and nose around on my property they can pay me for admission to the shit show I just want to live and be left alone to have life liberty and freedom to persue happiness without being charged so much for it that I can’t afford to be happy I could get government assistance but I absolutely don’t want that I am a person who wants to stand up on my own 2 feet so that I can look at myself in the mirror and see a real man looking back not someone who is too weak to provide for myself I can provide for myself but I can’t carry the burden of the government and their reckless spending habits and the way they handle the money they take from us hard working people to give it away to people who are not willing to take care of themselves because they don’t want to do anything but sit in their house and play video games and make babies so they can get more money out of the paychecks of the people who are working hard for the little bit of change that they can keep the government from sucking off of them
I want to add a very important, number 11 !
Take the time to check for contaminated soils ! A property with contaminated soils will bankrupt you !
Look at the city, town or country records. What were the utilization of the land in the past.
Stay away from lands that were used for industries, car repair shop, service stations who sold gasoline or diesel (look for abandoned underground tanks).
If the land was used for agriculture, look for manure pits (manure pits will contaminate the groundwater with deadly bacteria); look for sheds where tractors were stored (possible soil contamination with diesel and pesticides).
I think there's enough tips like this in the comments for another video lol.
This is definitely a good one
A property at the end of my road has changed hands 6 times because they never dug up gas tanks at a old gasstation. Seems criminal that so many have fallen for the land and found out they have to have 1million in soil removal to reopen the RV park attached...it sounds like a dream in the advertisements but I’ve lived here 15 years n it’s never ended with dreams for any of them.
@@cwilson6235
This is a clear demonstration that you must be cautious when buying land!
A search of the city or the county land tax records, would have revealed the existence of a gas station!
I always notice those old fashioned gas stations that are abandoned along major rural roads. I wonder if this is why no one wants to touch them.
An environmental background search is a must!
I used this same information to get a good deal. 2 acres and a mobile near the city for $32,000. Extra $12 to make it 3. It's in a flood plain and got soggy. Used my own skills to easily correct the problems now it never has issues even with record rains.
I got a similar deal for $40,000 but with a tenant 😊
Arizona?
@@CheveraChino Florida swamp
You HAVE to know what you are doing. Then there are ways around things.
Could you please explain what you did to make the flood plain habitable? Is there any restrictions from the municipality to build on it? Thanks.
100% solid information. When i left the city to move to east kentucky i learned alot. If you are moving to those small mountain communities in kentucky i HIGHLY recommend ATTEMPTING to speak to the neighbors first. We discovered that some of these communities are legacy families that are very unwelcoming to people who are from out of state. You may end up needing a part time job and they'll deny you employment because youre not from there. The mountain folk in our area told us they didnt want us there and we'd have broken glass in our driveway, they'd egg our property etc. They'll tell you to get off their property if you attempt to stop by and say hello or to give them fresh eggs.
They're very territorial in east kentucky and will send up warning shots for turning around in their driveway. I flipped the place and got out. Now we live in the unrestricted outskirts of a higher populated and more civilized kentucky town closer to the tennessee border. Mountain people and country folk are very different.
You are so right. I moved from Cincinnati to a small country town in central ky in the 80s. No one near my farm would talk to me for 2 years. I felt like I had moved to a rural village in Africa. It has gotten better.
That's because mountain people don't care to mix up with usually wealthy , egotistical, philosophical Flatlanders ! 😮
Yep.
Not only that, but you could get the opposite problem, too.
I look just too wholesome and when I went to introduce myself to potential neighbors, they immediately decided to tell me I was going to be watching their kids for free.
Definitely the kinda crazy who would key my car when I would inevitably put down reasonable boundaries.
Entitled, busybody neighbors aren't on the same level as buckshot warning shots or anything, but if you're deciding between a couple plots and Joey "non-consentually-borrow-yer-backhoey" is right next door, I know which one I'd pick.
@@Birdsflight44 Dear Bird, when I got divorced I still lived on my farm in that same area. Lol and the news traveled fast. Every scary country guy showed up at my front gate or would pull up and beep the horn. Lol I had and still do have several big
Dobermans. And I would tell them you can't come in the yard. The dogs bite. And those girls would put on a show. Teeth showing, drooling, barking and hair on neck standing up. And when they would leave I would give my girls a big treat. Living in the country is different. Lol.
Take care Bird
You mean edumacadedness. @@seanslattery6366
I worked for a municipality in Canada. And the number of complaints from ppl who were surprised or were mislead by realestate agents because of new development, was constant. Be cautious when you buy next to a vacant lot. Even with good zoning, these things can be changed and you end up with dense development next to you. Are roads located in wide swaths of unused land? That means there is a plan somewhere to add more lanes and make the road a lot busier. Look for right of ways that can criss cross property, etc etc.
All great tips!
I was interested in a home that was on a large piece of flat wooded land that had been a farm field decades previously before it was forested. I noticed every room had a built in dehumidifier. The home seemed to have been elevated and extra foot or so just around the concrete blocks. When walking it, it looked like it still had old plow furrows. I returned after a rain and rewalked the property - no surface water, but I looked back at the depression made by my boots and they were all filling with water.
I then realized that the perfectly flat ground was surrounded by more perfectly flat ground, there was no place for ground water to drain, no place you could add ditches/pumps to get rid of ground water. The old plow furrows were actually shallow ditches made when the land was forested for drainage. The foundation blocks were an extra foot high so the crawlspace floor could be above the ground water. It didn't get far enough to trying to figure out what shape the septic field was in.
our grandparents homestead was exactly that: we had a door in the floor, and would lower the hand milking of the day into a cistern!!! cream and milk kept cold until the Co-op truck could pick it up. !!! Decades later we dragged the little house to the road where winter plowing kept it open: grandpa lives there to 99 and 11 months!! along with chickens, cats, dogs, and ponies
Hello ! May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. Thank you very much for your time.
Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them).
Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI).
Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy.
Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful.
Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI).
Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad).
Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning!
Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures.
Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement.
It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them.
(19-22 / Translated by Muhammad Asad)..
God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.”
(2:136 / Translated by Community)
Salam (Peace) -----------------------
God in Heaven!!!!! To me that means that one BIG rain and you live in a LAKE!!!!!
@@xhagast Probably not a lake, but a bog wouldn't be out of the question, it was inches away from that when I walked it. I thought the best long term plan would have been to dig a pond, use the excavated soil to raise the yard and driveway even with the road, maybe install a pump to move water from the pond to the road ditch when the water was below the surface.
@@1SCme Essentially a job for the army corps of engineers.
Make sure you buy the minimum acreage to put a well and septic on. If you want mineral rights make sure you are buying them, they can cost more than the land. Also for larger farms make sure you have a plan for some sort of AG use or the taxes will kill you.
What is an AG in buying farm land?
@keylanoslokj1806 Sorry, agricultural use, for larger plots of land the taxes will be very costly. If you use a certain amount for crops, animals, timber, etc. you can qualify for large reductions in taxes.
Imporant point is also to check previous use and activities on the land. Dont by a landfill. :)
Let me tell you something Mister....I Guess that most Agents/land sellers would not just share this info. the way you just did. Well Done and Thank You.
I live in Tn. It cost me exactly 20k to dig a well. Spot on!
Why not catch rain and use a cistern?
Drill ?
Yea, they had to drill down 500 feet. With 300 ft of casing. My elevation is about 1000 ft above sea level. We built our house on a hill with the best view. It's beautiful but comes with added expenses.
If you are near a water body, make sure you know how wide the "shoreland zone" is. especially in Maine. In Maine most towns will not let you place a new dwelling in the shoreland zone (setback from the water). Older buildings are grandfathered and can be rebuilt. If you want to build a new home on a lake or stream you may find that the majority of the property is shoreland zone and there may not even be enough "buildable area" to construct a new house. shoreland zones and resource protection zones can be 100 to 150 feet in width or greater. In Maine wetlands with mapped vernal pools have even greater setbacks so be careful
Good point in taking to the neighbors, I put in a pre contract on a piece of property and then went out to survey it (I work for a surveyor) and while out there I got to talking to the guy next door and turned out it was his sons property that was in prison and he said his would always complain that the county stole his land and was going to make whoever bought it his goal in life to make their life miserable. Next day I backed out of the contract..
Sounds like you dodged a bullet with that one!
Sounds like a story from someone who didnt want a neighbor 😂😂 best not to risk it though
Should have found out how long he was going to be locked up for.....
People lie for their own benefit!
I always thought about if you ask a neighbor and they don't like something about you or don't want no one to live next to them they may have a story all ready for you to discourage you from buying 😏
I was a realtor between 1980 and 1993. Everything Wayne explained is exactly what you want and need to do to protect your land purchase.
Hello ! May Allah protect and guide you to his light and happiness in this life and the hereafter, God bless, Ameen. Excuse me for giving a little presentation of Islam, because it is very misunderstood nowadays, especially on those « Antichrist's » times, where media and politics are mixed to distort history and truth. Thank you very much for your time.
Islam is an arabic word that means the Surrender to the One and Only God, our Creator, Protector, Provider, who gives us life and all that we have, we are safe and sound by his will and grace, we are His and to Him we return, and we have to thank him in this trial life by submitting to him by our free will, or later in the Day of judgment when it's too late to save our own skin. Islam was the original Religion descended to earth from heaven with Adam and Eve (peace and blessing be upon them) in the beginning of humanity. and was passed to people with the succession of the 124 000 prophets and 315 messengers of God to all nations and civilizations since, passing by Noah, Abraham, Isaac, Jacob, Ismaël, Joseph, Moses, Aaron, Joshua, David, Solomon and Jesus (Peace and blessing be upon them) during the history of mankind, the last replaces and completes the previous, until the succession of the last messenger of God fourteen centuries ago, Muhammad (Peace and blessing be upon him) to complete the noble morals of all mankind, to bring humans and jinns out of darkness into light, and to purify people's religion and belief from corruption and polytheism, and return it to purity and true monotheism, like it was in the times of the prophets (Peace and blessing be upon them).
Many Religions that we know nowadays, at their beginning were true and under Islam, initiated by one of the prophets of God, but their original teachings, history and scriptures have been corrupted over time with falsification and polytheism, or lost and replaced with false ones. That's why Islam is the only Religion accepted by God nowadays, which consists in bearing witness that there is no god besides Allah (God in Aramaic, the original language of Jesus and the Gospel), and that Muhammad is His servant and messenger, just like Jesus and Moses and others are His servants and messengers. Never a messenger of God said he was God or literally son of God, it was the people after him who changed the words of God and corrupted the Religion. God is unique and absolute, He does not need to have a family and sons or to associate anyone else with His kingdom, He can simply create whatever He wants, everything belongs to Him, and to Him everything will return. Allah said in Surah Al-Mu’minun : “God has never begotten a son, nor is there any god besides Him. Otherwise, each god would have taken away what it has created, and some of them would have gained supremacy over others. Glory be to God, far beyond what they describe. The Knower of the hidden and the manifest. He is exalted, far above what they associate. (91-92 / Translated by ITANI).
Allah means the one and only God, the God of all prophets and creatures, the creator of the universe and mankind, and the Master of the Day of judgment, where our destiny, Hell or Paradise, is decided based on our faith and deeds in this trial life, and above all, Allah's mercy.
Allah said in Surah Al-Ikhlas : In the name of God, the Gracious, the Merciful.
Say, “He is God, the One. God, the Absolute. He begets not, nor was He begotten. And there is none comparable to Him.” (1-4 / Translated by ITANI).
Allah said in Surah An-Nisa : O FOLLOWERS of the Gospel! Do not overstep the bounds [of truth] in your religious beliefs, and do not say of God anything but the truth. The Christ Jesus, son of Mary, was but God's Apostle - [the fulfilment of] His promise which He had conveyed unto Mary - and a soul created by Him. Believe, then, in God and His apostles, and do not say, "[God is] a trinity". Desist [from this assertion] for your own good. God is but One God; utterly remote is He, in His glory, from having a son: unto Him belongs all that is in the heavens and all that is on earth; and none is as worthy of trust as God. Never did the Christ feel too proud to be God's servant, nor do the angels who are near unto Him. And those who feel too proud to serve Him and glory in their arrogance [should know that on Judgment Day] He will gather them all unto Himself: (171-172 / Translated by Muhammad Asad).
Allah the Most Merciful said in Surah Ali-Imran : Behold, the only [true] religion in the sight of God is [man's] self-surrender unto Him; and those who were vouchsafed revelation aforetime took, out of mutual jealousy, to divergent views [on this point] only after knowledge [thereof] had come unto them. But as for him who denies the truth of God's messages - behold, God is swift in reckoning!
Thus, [O Prophet,] if they argue with thee, say, "I have surrendered my whole being unto God, and [so have] all who follow me!" - and ask those who have been vouchsafed revelation aforetime, as well as all unlettered people, "Have you [too] surrendered yourselves unto Him?" And if they surrender themselves unto Him, they are on the right path; but if they turn away - behold, thy duty is no more than to deliver the message: for God sees all that is in [the hearts of] His creatures.
Verily, as for those who deny the truth of God's messages, and slay the prophets against all right, and slay people who enjoin equity - announce unto them a grievous chastisement.
It is they whose works shall come to nought both in this world and in the life to come; and they shall have none to succour them.
(19-22 / Translated by Muhammad Asad)..
God said : Say, “We believe in Allah, and in what was revealed to us, and in what was revealed to Abraham, and Ishmael, and Isaac, and Jacob, and the Patriarchs, and in what was given to Moses and Jesus, and in what was given to the prophets from their Lord. We do not differentiate between any of them. And to Him, we surrender.”
(2:136 / Translated by Community)
Salam (Peace) -----------------------
I researched a person wanting to rent my house. She said she had no kids. I went to her address, saw the yard was trashed. I asked a neighbor about her. She answered, Those kids are hellions!! I passed on renting to her.
Very smart, if I was that neighbor and knew they were possibly moving , well…
Maybe she was planning on ditching her kids and you totally fooled-up her plan. Thanks a lot dude, another stressed out mom living on the edge of suicide no thanks to this responsible renter.
All great advice, but I'd add these critical items:
11. Easements. For example, there may be a power-line easement across your land. Or there might be an access easement. e.g. a neighbor might be able to drive across your land to access their land at particular times or whenever they want. Or there could be a sewer or water easement across your land for running the sewer pipes or main water pipes. You generally cannot build on or close to an easement, so you need to make sure you know where they all are.
12. Future Changes / Developments: are there any plans - even in the far future (as far as you can search) - for widening the roads, or for the government (or military or someone else) compulsory acquiring all or part of your land for some reason - to build a new train line, to run new electricity transmission lines (the big metal towers), or for some other reason.
13. Mining or other rights: does anyone own any mining rights (gold, silver, oil, etc), gas extraction rights, or any other rights over your land. A previous owner may have sold these to rights to someone. Or, someone might just come along and try and make a claim over part of your land.
14. Is the land you want to buy in a place of great natural beauty or does it have any cultural significance to "First Nations peoples". Are there old camp sites, burial sites, ancient artifacts on or under your land. Be very careful, because they may just come along and claim your land, your house, your sheds ... and you wont have a leg to stand on. If you have a mortgage on the property, you could still be liable for it long after the property has been claimed / stolen from you.
All great tips! I cover some of these in this video… th-cam.com/video/TIAGp4TZGI4/w-d-xo.htmlsi=yfgCcqXFhYNA4GKY
Easements are serious limitations on private property.
In few words: you don't own your land.
Good information sir. Thank you. A friend of mine told me a story of acreage he nought in New Mexico that came with a house. He was in his back yard watering some potted plants at his back door. A man pulled up in a nondescript pickup got out and started to make conversation with him. He then stated he was from the state and asked him if he water rights on his property. The man told him he didnt have water rights and could not use the water spigot from his house to water the plants at his back door. It always pays to do research before you buy a property.
I inherited 70 acres. Purchased another acre for 28k. Thank you for these golden nuggets…
After we retired we were able to purchase 3 parcels of land (45 acres) adjacent to our home by looking up the owners on county records, contacting them and asking if they would be interested in selling. While one parcel of 38 acres was zoned forest land (keeping the taxes low) it was later discovered that 8 acres of that had been rezoned residential but we are allowed to keep it taxed as timber property until such time we want to make use of the residential zoning. 4 acres of another parcel is residential property located near a housing subdivision that can be divided into two parcels with power and community water readily available. Valuation of these properties is substantially more than what we purchased them for.
Granted we were able to do low cost cash purchases but could have gotten financing if needed.
Just like making an offer doesn’t hurt, neither is asking an owner if they want to sell. The worst they can do is say no.
Do you want a good neighbor like me?
I would move number 9 "talk to neighbors" to number 1 position. That way they are not calling the cops or approaching you with guns. Seriously, this happens.
Yep, I’ve had that happen.
I have had that experience too
Every government agency banging on my door nonstop
Terrorists next door
The neighbors joined on the insanity
House from hell
San Diego
@@wiseup8729 hahah that only happens in the ussa land of the slave. mental ill concentration camp.
Been in Real Estate since 1979….SOLID information and reminders for all…!!! Great job!!!
Related to deed/title restrictions, check for any property easements. We once owned a property that had sewage lines running through the yard…which the public utility company needed to be able to access and we couldn’t build anything over the buried lines (technically, we could…but the utility company wouldn’t be responsible for any repairs if they needed to access the lines).
I built on a corner vacant lot in the city.Not knowing the utilities & cable companies had an easement on my front lawn
I now have 5 company's lines. They dig up your lawn, destroy shrubs, pull out trees & you have to fix it at your own expense. Their hole covers are an eye sore on my beautiful manicure lawn.
I just bought 20 acres of totally unimproved land about 30 miles south of Winslow, AZ. It's desert/prairie land, with no electricity, no water, no structures on it, and you pretty much need a Jeep to get to it. It is not zoned for anything, and is 30 miles from any city limits. Yes, at the moment it is pretty much worthless except as a campsite, and I intend to spend about 1-2 weeks on it during the 112 degree F AZ summers (that's what it is in Phoenix, where I live, it will be in the mid 80s F where the land is located) I basically converted some of my life savings into this land. I'm 64, and it will be left to my kids. It was amazingly inexpensive. Only time will tell if it ever increases in value. I likely won't be around to see that. But land rarely ever goes down in value, because there is a finite supply of it. I have no intention of making any improvement to this land at all.
How do you avoid somebody invade the land and start building something can you do something about it
@@PepeCoinManiayou would most likely need to call the county sheriff.
If you had come to me to ask my advice I would have said that whatever $$ you invested in the land, you could have invested it in a conservative growth mutual fund and made roughly. 7 to 10% per year, or invested in divided paying stocks for income and growth then in the summer you could go camp on BLM or forest service land for free. It may take a millennia for that land you bought to have any real value. I hear ya about the temps, I live in the Phoenix area also.
A lot has changed in the past 20 years. When I was in the US I could not believe the land prices but more important the land availability.
Right now I'm living in the Netherlands which is pretty much a big City without much Nature or free space to build, and prices are way up there.
Like 500K for a house is normal, I am living in a cheap part of the country where my house in connected to 6 others houses and it still costs 150K.
Rent Prices are 600-800 a month at least in the cheap area so luckily I avoided that.
The regulations here are very strict, You can't own a gun like in the US,
Hunting is not the norm here, you need licenses for everything and if You like to go for a day in the woods you have to buy a ticket.
Now my eye is set on France which has more open areas, Possibly Spain.
Almost bought a house in Germany many years ago when it was still in the Deutschmark time before the Euro was implemented but the owner died in the buying process so the family messed that up. Back then housing was cheap and had more space around the houses, Still very nice lots there now but prices have doubled if not tripled.
Best thing about the US is the abundance of Nature, please treasure it and realise it's not like that everywhere on the world.
I do see some negatives as well but overall, you can have some peace there if you choose it without too much regulations.
Enjoy Life! :) and Have an awesome 2024 !
Congratulations on all your International Real Estate options!
You sound multilingual!
@@theguildedscribe777 I try, yes ;) Love it
As an appraiser, I can tell you that if you plan to get a mortgage loan to purchase the property, the bank has to order the appraisal and it has to be addressed to them. A bank is not allowed to use an appraisal they didn't order and is not addressed to them. Anyone who says otherwise is either lying or doesn't know the rules.
That’s true. And the bank can’t select the appraiser either, most use a round robin selection system
one correction: just because a land won't perk, doesn't mean you can't put a septic system on it. It just means you need to put an alternative (more expensive) system on it, with a large leech field that needs to be added above grade. Dosing systems, sound mounds, ecoflows, etc. are all specialty systems for situations where the virgin ground won't perk.
*leach
Well that and make sure the aquifer you’re tapping into isn’t contaminated. A lot of big companies have dumped junk and it has seeped down onto the water. For reference I live over the Ozark aquifer and just found out that TCE was dumped on a piece of property in the 60s and our technology today is just now showing that hundreds of private wells around the land are contaminated. The companies know what they are doing and stay hush hush until people find out. So yeah… ask the neighbors if you can test their well.
@@seadragon1456Get your well water analyzed too. You never know what might lurk underground. Just look at Love Canal. en.wikipedia.org/wiki/Love_Canal
And extremely expensive
30k
Always make sure you see the restrictions.
I heard a story from a man near Lake Michigan who had a little cabin and camp and homesteader sawmill.. but, because it was within however much distance from the lake and it wasn't a primary dwelling for him, they made him tear it all down
I know of a person that bought a house thinking they had a big back yard only to discover that almost their entire back yard actually was part of the neighbor's back yard. I know of another person who was repeatedly warned before he even started building that he was building on a spot that after a big storm could be a couple of feet underwater. There were other places on the property that were safe to build on, but he insisted on building there and then had to spend a TON of money to reroute floodwaters around his house. And he asked, "Why didn't anyone warn me about this?" afterwards.
hi
I like this saying: you can lead a horse to water but you can't make him think. :)
You are my mentor dude..I'm buying property to change my life..I've done it wrong before and you have retrained me how to protect my interest
Thank you for the kind words! I’m so happy I’ve been able to help you!
Certified General Real Estate Appraiser. I have been appraising for 43 years. Court recognized expert in real estate valuation. This is good advice.
Just put in my own septic system. The old one finally failed. Water table in Florida is ridiculously high. I used a plastic tank. It took quite a few weeks to get it right. Had to put in earth anchors in, like tying down a trailer. Now im going to put in a sand mound for leech field drainage. I definitely felt that part. Good info here. New sub.
Thanks for subscribing!
The "will the property PERC" is why the lots next to my house have never sold and will never sell. They are roughly half an acre, but because of where I live in north Ga they're in a forest preserve. I thought about buying them because they're at a very cheap price, and then because it would basically be buying two half acre lots I'd increase the size of my yard by an acre and the dogs would have more space and I'd have room for a green house. But I looked into it: because of the forest preserve regulations and issues, those lots cannot be combined with any other lots (so I cannot legally combine them with my house, and I'd have annoyances like 3 property tax bills a year instead of one, etc, and no one else can legally combine the two lots to themselves for the same reasons). And building regulations since the early/mid 80's have stated that the edges of the buildings need to be 10 ft from the property lines. But these are OLD lots (the previous buildings on them burned down in the late 80s/early 90s) and they are super narrow (rectangular in shape). If someone DID decide to attempt to build on them, they would literally be a shotgun style house that was only about 10-12 feet wide from outside edge to outside edge. Meaning when taking insulation and piping and everything else into account, you're talking about a whole house that's the width of a dorm room.
They can't reasonably be built on. And they are a waste of money. If it weren't such a legal hassle the idea situation would be for me to buy them and add them to my yard as a larger lot. But as is, no one can build on them anyway, they are just forest. My dogs can use them, I just can't fence it in. And this way I'm not paying extra taxes. I get the looks and curb appeal of a bigger yard and use of it as long as nothing's permanent and don't have to pay a penny. Even in this economy, those lots have been up for sale for the last decade consistently. And no one's bitten. Changed hands 3 times from development company to the next, but they're never off market for more than a week before relisted at an even lower price.
Mc: You could put an invisible fence around the forestry property to keep your dogs in.
Do it at night or the weekend and no one needs to know as it is only a conductor in the ground.
We need to normalize a simple lifestyle and stop normalizing debt. Huge SUVs, huge houses and private universities are simply not necessary. I live within my budget and I sleep better at night knowing that if I lose my job tomorrow, ' be fine. I didn't buy the biggest house. I bought the one I could comfortably repay
you are wasting your breath my man...debt slavery as far as the eye can see
Thx
i just need a big kitchen and big shower. thats where my needs end
And the reason why everything is so expensive is because people keep living that way
Spoken like a true poor
I understand a lot of what you're saying. I live in South Louisiana also. We live in Des Allemands and something down here that happened to us during this extended drought was our property starting sinking and raising. My house is not in a flood zone and has been well for about 20 years. This year, we experienced horrible foundation cracking to the point that our door frames are out of wack and our doors no longer shut. We have 3 large cracks in different parts of the floor. The largest is 1 ½ inches high by 2 in wide. My neighbor's driveway also experienced this. His driveway split and has a crack about 1 inch wide by 3 ½ inches tall. So don't just check for records of flooding but also check to see if the previous owners experienced hardship during droughts. Much love! Appreciate all your info
Thank you for that information. It was unusually dry this year.
Hasn't Phoenix AZ sunk like 20 feet due to the draining of the aquifer? Half the city could be swallowed by a sinkhole.
I’m in Canada but we have similar headaches with land. I bought large acreage with no deed restrictions and built my home. Years later decided to sever three lots and the conservation authority claims there is karst on the lots I was severed and they will refuse my application. However karst is severe and on the land only has some cracks of two feet deep and water cannot drain into the water table. However the individual refuses to change his mind and intimidated my engineer into basically ghosting me. I got a second engineer not from our area so he couldn’t intimidate or make his job difficult. Now that conservation guy is avoiding a site visit with my very qualified engineer. If he keeps it up a lawyer is in the cards. I must say this is becoming expensive and exhausting coming on three years now
Wow! It’s a shame that one person can cause so much headache. Shouldn’t be that difficult
@@TheRealWayneTurner exactly, I believe it's a personality issue. When I walked the site with him and my first engineer he was bringing up things like septics that he had no jurisdiction over. Also told me the flat solid land was dangerous to walk on, I didn't know how to reply to such obvious BS. Had the severances been done within the first year which is normal we would have hit the high for land prices, now the three lots have dropped about $300k as a group.
That’s government
Got more money then you
@@troymcdrains9989 this guy has a personality issue. I could tell with the first phone call he was not right
@theflatrock8167 find out who his boss is and visit the office. Bring your documentation.
I want to thank you for all your information. We are looking for land in Marion county Florida. We saw a parcel we liked and the seller has gotten very defensive when asked the questions you have recommend. He refuses to get a survey and now he has reduced the due diligence time frame from 15 to 7 days and the property has is now listed as AS IS.
THANK YOU for helping us to notice the signs.
7 days is probably not enough time to properly do all your due diligence, happy to hear my videos helped!
Thank you, you just confirmed to me that my years of research was done correctly. Everytime I see a property listing I like and see things written on it that I did not understand, I would go find out what it meant. You also just confirmed that I am finally ready to buy property. I have waited for years because I didn't feel that I knew everything I needed to look for in order to make a good purchase. I feel that I am ready now.
Do it. Let me know if we can help you. www.ContactWayne.com
Forewarned means nobody will come do fraking in your property until you can light your tap water on fire.
My Dad bought land to vacation off-grid. After 3 months, he started getting electric bills, but he had no electricity. Found out, you don't have to use electricity to get a bill, just a line running through your property. He sold it.
All our water service in S Florida are set up like that. If you have a meter theres a monthly charge. Even if the water is shut off. The only way to not be charged is to pull the meter.
@@Dbb27 here in the south is worse. You don't have to have a meter, just an address. My Dad fought them tooth and nail, but they would not budge. He got mad and sold the cabin.
@@godspirate6250wow. Not all electric comps in all states do that. Thats horrible.
@@godspirate6250That's flat out"Evil"! Sorry for your dad.
@@Glen_Mark Especially since I thought that was our, "off-grid" hideout. Now I gotta look in a different county.
I’d add another - be on the lookout for trails that might run through the property and even primitive structures like hunting blinds and shacks. Upon purchase, the users can seize those parts of the property by adverse possession!
Another thing I have learned when buying land is that sometimes you can get the owner to agree to pay half of a perc test if it has never been done; if it passes, then I'll reimburse their half back at closing. But at the same time, you need to make arrangements with the company/ tester about how they would get paid and by whom, and whether the Perc test is good or not. If the seller thinks they'll be slick and cancel the deal after a good Perc test and pay only half, WRONG; they pay for the whole Perc test. Ask me how how I know? The seller didn't read the agreement of the quick contract. Need to have anything in writing between all parties.
perc tests are cheap cheap. you can even do one yourself as a rule of thumb. even an unlicensed survey is a good idea, also not that expensive.
@@HeronPoint2021 Good points!
I got the results back from the test and it said I needed treatment on my testicle.
@@HeronPoint2021 Get a professional to do it. A 6ft hole needs to be dug as well to determine if there is flooding and to know if there is bedrock.
This guy is excellent. I have been through some of this stuff. I would have put the septic/sewer higher on the list. But I would not argue woht this man, he has been there and done this and I bet he as more good advice. A lot of countys and towns the septic is the tail that wags the dog. There are some Grandfather clauses fo rexisting buildings. Learn the county and state you are working in. Often times the next county is completely different and not as difficult. Almost never buy property without a house on it. You can always rent that if your other plans don't work out. I will never get into an HOA againand I have heard that said by others but I had to try it. Stooopid! for me, Think long and hard. The costs never stop going up in an HOA and with todays inflation it will break some people. They will harrass you to death with rules you don't have the cash to comply with and they rules are never implemented equally over every owner. They will drive you crazy. If you need to cut costs , too bad , with an HOA, you cannot.
Thank you! And your spot on with all your comments. I don’t think I’ll ever own property with an HOA again either, it’s just not for everyone.
One thing to consider in parts of the west is just because you can put in a well you may be limited to just domestic use. A garden is fine but dont plan on putting in large scale agiculture unless your permit allows that much water be pumped.
A good reference is Les Scher’s book “Finding and buying your place in the country”. It goes through a lot of considerations related to rural property. And don’t overlook easements - do you have legal access to your property and does someone else have an easement to cross your property?
I'll have to check out that book!
I have never considered buying a property , this video really schooled me on the process should I ever decide to purchase a property . Thank you for taking the time to make and post this video .
You are full of great wisdom. I have been looking for property for 3 years and I am taking my time to find what is perfect for me while I build my finances. This video is of great value!
Keep on searching, I've been in the hunt for close to 6 and still don't have any
Great advice. Back in 2010, I got 5 acres in Arizona for a good price. The only problem was the trailer and junk cars and hundreds of old tires and the city given me a time frame to clean it or huge fines
That can get really pricey to remove all that stuff
Apparently "the City" was not effective at getting the previous owner to clean up the pig-sty.
@@silverstake88 Thus the good price.
I've seen this, too and its kept me from buying. Land that's good land, great view, but there's an old mobile on it to haulaway plus other junk. It'd cost more than the land to have the messes cleaned up/removed! I'm not cleaning up someone else's crap pile!!!
*_You forgot to say do not just pick any appraiser that you can find. Talk to your lender first as 99.9% of lenders have an authorized and approved list of appraisers for you to choose from. If you choose an appraiser that's not on their list, you will need to have a second appraisal done at your expense by someone who is on their list. Double the cost and double the time._*
Yes! And if you are getting a mortgage the lender will order the appraisal.
What if you're paying cash
@@650tonyd get an appraisal anyway unless you’re really familiar with values in the area.
The lender generally will not accept an appraisal ordered by the buyer or seller.
I wished we had watched this back in 2016 when we purchased this heap we hate now because of the water issues that were not present when they inspected and only showed up when it rained heavy. A goldmine for people looking to buy definitely in this video.
Back in 1960 my dad went looking for a small farm for us to move to!! The first thing we looked for… a water source springs preferable or good well!! That’s what dad taught us!! Trees.. pastures crop areas or gardening areas!! Great job
If you're looking to live on the land, determining if the land will PERC seems to be the first priority.
Very good point to walk the property in the rain. To state the obvious, rainwater flows downhill. If the property is on a slope, you need to plan to build at the top of the slope, and not anywhere else. Or you will be fighting drainage issues forever. Nature wins.
Thank you for posting this. You, your time, your knowledge, & compassion are appreciated!!
You are so welcome!
Some people has God given ability to explain and do presentation perfectly. Wayne is one of them. Very short and precise information. Loved it. Thank you Wayne
Solid advice. I already know these things, but it's great to see it all lined out. especially for people who have never purchased land to build. 👍
Thank you!
Just because you have road frontage does not mean DOT will approve a driveway - you need a clear view and ample space for oncoming cars to see you - 500' in some cases, depending on speed limit.
One thing you never want to do if there’s any inclination that the land gets swampy never look at the property when it’s in the dry time of the year anyway, my dad used that philosophy, years and years ago he bought a piece of property and part of it was swampy and they built a house on the other part. It wasn’t swampy, but he went and checked it out during the late spring early summer, and it saves a lot of heartache.
My sister-in-law and her husband were looking into buying some land. But previous occupants never stayed on the property. So, she paid for a deed trace. She found out that it had a lean of over $27,000 on it. People were thinking that they could buy it for the taxes owed, without knowing about the lean.
Actually, a lien. Good advice!
Excellent advice. I’d also include checking out if any plans have been approved on neighbouring properties. Paradise can quickly become a nightmare if you find out neighbouring properties are going to be used as a dump and therefore have noisy trucks coming and going all day. Or a speedway may be in the pipes.
Very true! Great tip!
Some hate em but CCRs protect your property value by preventing those type of uses
You forgot perhaps the most important thing, does the property have public or legal deeded access? Landlocked property can be very expensive to get legal access.
If it doesn't have road frontage, make sure there is an easement in place to get to the land.
Yes! An enforceable easement
#10 is absurdly important. My best buddy lost his home and land over unknown liens from the previous owner. This bit him in the ass in a way that I struggle to put into words.
Wow, that’s a shame that happened
If it's a lien on the property from the previous owner then that should have been paid or taken care of during the sale. The lien holder should have recouped the money from the original owner regardless of what the lien was against.
Doesn’t title insurance cover this?
Why wasn’t it paid by the sale of the property? Just curious
Isn’t always revealed at property sale closing. Title search best
You give all the same pointers? I do. Definitely number one Walkr during the rain season
Another thing. If there's any sort of building on the land, even a shed, don't disturb it or remove it until you build what you're going to build. If there's no structure existing on the property the town or county may try to prevent you from building a structure on it. God bless America!
George Kennedy 👋
One thing you did not say is having property in a flood plain helps lower property taxes. I have 18 acres split in half by a creek. At least 12 acres is within a flood plane with 1 acre homestead and a home built. Every year the county attempts to raise my property taxes insane amounts . Last year they appraised my property at 918k I had it lowered to 600k based on FEMA flood map of my property as well as pictures of the 12 acres flooded in 2017. Every year I go before the appraisal board in order to do this as a normal appraiser can only lower your appraised value 10%. So yes you should consider if the property is in a flood plane however this can also benefit you over the long run if you can build on the property. I also have an agricultural exemption as I have honeybees.
There are ways to do things IF you know what you have, what you are doing and the rules.
Unregister your Deed at the County Recorders Office and your Land and home on it will be removed from the so called Property Tax roll.
Record it yes. Register it no. Not required.
You must know the Law. Whenever you register something, anything in the U.S.inc the Corporation pretending to be our Government's Territory you are giving Ownership to the registering agency now they can charge you annually for the use of it as you are now the holder in due course with mere user privileges.
Don't believe me?
Then explain to me why 1,000's of homes and land get foreclosed on everyday even though the people have paid off their mortgages years ago?
Because their friendly real estate agent registered their deed for them when they recorded the deed. You are not required to register your Deed so it will be presumed by the Court that you must of done it voluntarily or why else would you have done it. Certainly you can't be that uneducated in the Laws regarding land ownership and if you are ignorance of the Law is no excuse and the Court will rule against you.
Your grounds for unregistering the deed is fraud. Failure to disclose to you you were giving your home and land away. Unconsionable Contract. If you had been told you would never have registered it. Unjust enrichment. The County never gave you a f cken penny for your home and land. No Consideration for the deed so they have no standing to say it's their's. Have you been suckered? Yes. So have I and millions of others too. Can you correct this? Yes you can. You do not have to believe me. One thing about Law is you can always research and read it for yourself. You don't have to take anyone's word for it. God Bless and good luck. Same thing goes for your car or truck. You never receive a title even if your car or truck is paid for. You gat a Certificate of Title which is not a Title. You gave your car or truck to the STATE when you registered it which you are not required to do. Only the true owner has the ability to issue a Certificate of Title to certify that there is a title somewhere. Think about it?
Again, research what I am saying.
James C. Lovett knows the Real law and explains it. No cost.
Stopthepiratesspotblog.com Jeff Anderson explains these things well too.
@@hankwilliams2761 You need a hundred eyes, deep knowledge, lots of help and knowing where to find a good lawyer FAST. And every document and right you can IMAGINE.
CA here! Research fire zone. A lot of insurance companies are not doing home insurance policies on land in fire zone. So essentially, if you buy land and it’s not insured you are responsible for everything that is lost in a fire.
That was a very good summary. Thanks for sharing it. I would say the most important one would be #6, Deed Restrictions. If you can't do the things you want to do on the place, then it isn't worth much. A lot of people seem to get into trouble by just assuming they can wheel a travel trailer, or a tiny home onto the place and live in it. Lots of places won't allow even that.
Like, here, in Gadsden, Alabama, … no travel trailer living, … they will tow it at the 1st opportunity, and then send you the bill for destroying your home away from home, just because they can, …
@@Edgar-kl6us My wife grew up in rural Kentucky. I was born in Mississippi. The reason for that is code enforcement is so that YOU do not run your sewer line into a nearby creek. Ask yourself, is it fair for trailer dwellers to dump raw sewage into the ground and possibly run into your neighbor's property or well? In effect, your rights suppressing another person's rights.
What if one built a septic tank for the trailer sewage?@@Mike-vd2qt
All very good points. Here in California we a high fire danger. If you find a property that you are willing
to buy (after doing your due diligence) you probably will not be able to get fire ins. My agent has had
30% of his polices cancelled by the carrier in the past year. They are not writing new policies.
California is experiencing a wild insurance market right now just like Louisiana
Build a concrete house that cannot burn!
@@robertmeshew1935your born 1935. ?? 😂🤧
Watch out for toxic dump. In wet areas and really everywhere, shiny rainbow water is a red flag.
Fracking has also destroyed some water tables as well.
Great advice. In a fire zone you will need a inner and outer safe fire zone which can include tree removal if allowed (council) and may take up a large area.
I totally agree with his comments. Fortunately I've been doing these things but a refresher and hearing from another person in another country is always good. Thank you.
I just resonantly bought an un- buildable 1ac lot from the neighbor that bordered my lot. It has an easement and a TVA right of way on it! Pretty much a useless piece of land. I knew all that before I bought it. The neighbor is selling the rest of it with the house. I couldn't take the chance on the new owners turning it into crap hole! That happens a lot in Alabama! I needed that buffer zone!
sounds like a smart move to me, buffer zone indeed
That should help your property value in the long run
Get it fenced before it sells.
Thought about it, but a fence would cost more than I paid for the lot.@@donmulder8061
Wise move...well done! 🙂👍
I feared a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.
You are not alone we can no longer afford our mortgage, wife wants us to travel or relocate/I am proposing cashing in, walking away and renting while putting the rest in the stock market.
Consider reallocating from real estate to stocks. Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice but it may be wise to invest, as cash isn't ideal in this period. I simply adopted the service of an advisor early 2020 amid covid-outbreak, and so far, I've attained my most measurable financial milestone of $650k after subsequent investments.
This is quite huge ! much more info needed please, what did you invest in?
@@selenajack2036Marisol Cordova is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Found her, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.
I am reading this feom Kenya,Africa and i find it very informative.in the US you have similar issues that a buyer needs to guard oneself from but especially fraudsters. Very informative for anyone searching for a property to buy. This applies to every country on earth especially in countries where there is scarcity of land
Buy land, as much as you can afford it's the one thing you can own which could feed you.
These days with property taxes, we are essentially leasing land. Food also takes work to produce and maintain. I get your point though, better to have a modicum of self sufficiency vs being over reliant on society. This mindset also transfers to tradesmanship. Being the best at something useful is a good place to stand.
Agree 100%. They stopped making that stuff a long time ago.
@@chickadeeacres3864 LOL :-D
Till they go after that as well. They can just stop you from producing food
I bought a plot and the very old survey said 32 acres but the new survey showed 23 acres! Big difference.
That’s a big mistake! Someone must have transposed the numbers
I commented on this in another part of this discussion. If you have any hills or gullies on your property, a new survey may result in less acreage than the old one b/c they used to measure the ups and downs. Modern methods measure as the crow flies.
Imagine an egg crate...you can measure down and back up the sides of each egg space, and end up with more inches than if you'd just measured across the lid.
@@GlenMcDowellFarm tx! Great explanation.