First Time Home Buyers and Land Investors-Be sure to have a Contingency Clause!

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Post 463

First Time Home Buyers and First Time Land Investors. This is also good information for anyone thinking about buying land to have a home build or build on the land as an investment. And evern folks that want to selle land of theirs.

In most areas of the Country, especially in developed areas, a building permit may not be issued without a satisfactory perk test on record with the Counity and the Town. Most land buyers restrict themselves to looking at land, that has a approved perk site. In the cases that a perk test has not been done,

I sure do highly recomend that you have a contingency in the land contract that will make the final sale of the land. Subject to a favorable official perk test. A preperk test, this is an unofficial test conducted by any septic system installer. It sure can be a worthwhile investment to deermine whether a piece of land is really worth pursuing.

Now if the land is unperked and the seller for some reason is reluctant to allow a preperk or a perk contingency clause- that sure is a tall tell sgin of buyer beware. You could very well be on your way to purchasing yourself a beautiful campsite that will never be able to be built on.

Link to: First Time Home Buyers-Are you thinking of buying land to Build on?

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God Bless America, The land we love

Retired U.S. Navy, Captain Dale Baker

A home inspection from Dale, will give you peace of mind, so you and your family can enjoy the things you like to do!

Knowledge is Your Power For The Freedom of a Worry- Free Home!

When buying, renting a Home or Commercial Properties in Sullivan County, New Hampshire, Windsor County, Vermont, or nearby Counties. When "Good Enough" Isn't, call Baker Home Inspection and Consulting to schedule, Your Inspection.

Phone: 603-826-4207

Mobile: 603-477-8072

02 May 2009-Posted at: http://bakerhome.activerain.com and Localism.com