Looking to buy waterfront lot, 2.2 acres in the Cliffs.....what should we know about purchasing land?

we're out of state, and the land is bank owned. How much does land like this typically sell for?
In Buying Property - Asked by Lauren V. - Jun 2, 2011
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Answer(s)

Alex W.
Developer
Melbourne Beach, FL

Purchasing land is easier than purchasing a house, but if you have no experience with either, I recommend finding a good real estate agent to help you with the process. The individual will help you with every step of the way. You want to make sure not to get into title issues, mineral rights, or the inability to build due to certain rules for properties that are next to the river. The agent only gets paid if you make a transaction, and it comes out of the funds for the sale (not in addition to price). All in all, it is a good time to buy. Good luck!!

Jun 6, 2011
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Gina F.
Broker/Agent
Philadelphia, PA

One thing I would check into would be access to public utilities. If there is access what would the cost be to bring those utilities to the property once it is built. Also, what were previous uses of the land if any. Public records should show that. Make sure there is no underground hazmat situations (old oil tanks or other underground waste) . Some land soil testing is needed also. A professional Real Estate agent will be able to guide you through the due dillegence process.

Jun 6, 2011
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