Like Tree0Likes

OT: Land Purchase what do I need to know

Reply
Old 12-21-2002, 09:17 AM
  #1
Charter Member #232
Charter Member
Thread Starter
 
Audiofn's Avatar
 
Join Date: Oct 2000
Location: Carlisle, MA USA
My Boats: 1979 Formula 302, 99 Formula 353, 81 Donzi 18 2+3 with 454
Posts: 18,379
Default OT: Land Purchase what do I need to know

My girlfriend and I are looking at buying some land up in Maine as a kind of forced investment for me and I am wondering about all the things I need to look at and consider. It is waterfront land, and is 1.5ac's The waterfront (about 600 feet I was told) is shared with 2 other lots that I hope to buy in the future. The town will allow 3 docks to be put in that are 300sq each or one 900sq dock.

What is the process? I have never purchased land before.

I plan on getting a survey and the owner will take that off the price if I purchase. I also plan on having the soil inspected and a perk test done to make sure it will take a septic no problem. I also will have to find a land lawer up there that can look everything over for me. What else am I missing, should I consider?

Thanks
Jon
__________________
Put your best foot forward!
Audiofn is offline  
Reply With Quote
Old 12-21-2002, 09:43 AM
  #2
Charter Member #1171
Charter Member
 
obnoxus's Avatar
 
Join Date: Feb 2001
Location: New Lenox , Il
My Boats: 2000 36 OUTLAW SOLD SHOPPING
Posts: 3,913
Default

The only thing I do know about waterfront is if you are buying the property to build a house someday. Ask is the area populated enough to have a sewer system or not. Septic systems near waterfront are a good thing to find out aout in that area.
__________________
IF YOUR UNDER CONTROL,,,,,YOUR NOT GOING FAST ENOUGH !!!!
obnoxus is offline  
Reply With Quote
Old 12-21-2002, 09:46 AM
  #3
Registered
 
jrocket's Avatar
 
Join Date: Feb 2002
Location: Byron Georgia
My Boats: 1991 Formula 242LS
Posts: 473
Default

Perk Test!!
jrocket is offline  
Reply With Quote
Old 12-21-2002, 09:54 AM
  #4
Charter Member #927
Charter Member
 
Payton's Avatar
 
Join Date: Jan 2001
Location: IN
My Boats: 1991 34' Super Hawaii
Posts: 4,817
Default

obnoxus has a good point. The septice will not only have to be a certain distance from the house, also from the water. The county official doing the perk test should know these specs.

Also get Title insurance. that simply makes sure that the title is free and clear and with no outstanding leans. On vacant land you may be able to get by with just a warrentee deed. Ask your lawyer the difference.

Check on local building restrictions. You don't want to buy something only to find out latter that it is unbuildable because of a rare rat the lives under a dead tree in the corner.

Good Luck Jon, as the say. They aren't making any more waterfront land.
Payton is offline  
Reply With Quote
Old 12-21-2002, 10:00 AM
  #5
Charter Member #232
Charter Member
Thread Starter
 
Audiofn's Avatar
 
Join Date: Oct 2000
Location: Carlisle, MA USA
My Boats: 1979 Formula 302, 99 Formula 353, 81 Donzi 18 2+3 with 454
Posts: 18,379
Default

Thanks guys. The current owner I think puts more restrictions on building in the salea agreament then the town does He sold one piece to a guy and the dude clear cut the land and basically set up a trailer park.

I will make sure that when I have the perk test done that I will not have any problems with location on the property. So far all my friends up there have had no problems with septic and they SEEM to be in tougher locations then this but I guess you never know.

Jon
__________________
Put your best foot forward!
Audiofn is offline  
Reply With Quote
Old 12-21-2002, 11:37 AM
  #6
Charter Member #71
Charter Member
 
Join Date: Oct 2000
Location: Long Island,N.Y.
Posts: 1,365
Default

Although the town will allow docks to be built , just be certain the dreaded Dept. of Environmental Protection doesn't have to issue a permit as well...

An environmental impact study (something they normally require) can be VERY expensive !

Good Luck !!!!!
WesSmith is offline  
Reply With Quote
Old 12-21-2002, 11:51 AM
  #7
Charter Member #9/ Moderator
Charter Member
 
LakeRacer's Avatar
 
Join Date: Oct 2000
Location: Phoenix, AZ, USA
My Boats: 99 Advantage 34 Offshore
Posts: 536
Thumbs up Surveyor

Jon,
Get a GOOD surveyor. There will be some cheap ones out there but don't fall for the price alone. You want to make sure that you are really getting the land that you think you are getting. That sounds silly but it is true and I have seen it happen. When ordering the survey make sure that all of the property corners are monumented and flagged so that you can SEE the property corners. Get a results of survey plat/map drawn up that the surveyor has to seal and sign. The survey should show (at a minimum) the property, any existing improvements, trees, utilities, recorded easements etc. It should also show potential property conflicts (if any) with what I just listed. I don't know the prices of surveys in Maine, but I would venture to say that a good surveyor will cost $1500 and up. Remember, you get what you pay for.

If you have any questions, just call me 602-318-5785. I'll help you in any way that I can.

Art Witzell
Registered Land Surveyor
AZ 26412
__________________
Art
LakeRacer is offline  
Reply With Quote
Old 12-21-2002, 11:54 AM
  #8
Registered
 
Join Date: Sep 2001
Posts: 75
Default

Just a small word of advice. You started out by saying "my girlfriend and I". That statement brings on a whole new set of problems visited recently on this board. Make sure on the front side issues are adressed as to breaking up, death of a joint owner and who gets what...

Zoning is big. Historically there are not the problems with a trailer next to a million dollar home on lake property but a pig farm across the street may hurt a future sale.
skat is offline  
Reply With Quote
Old 12-21-2002, 11:56 AM
  #9
Charter Member#157
Charter Member
 
MnFastBoat's Avatar
 
Join Date: Oct 2000
Location: Minneapolis, Mn, Usa
My Boats: 1999 Advantage 28' Cat
Posts: 1,847
Default

I do not see any mention of a well????
You plan on drinking the lake water
Info info and more info

Like one movie star to another---- The largest commodity not on the market is INFORMATION!

Good your thinking of a place to **** but you also need water to wash that food down that makes up that healthy dump you take twice aday
Congrats on being able to buy land, especially water front
Would love it.
__________________
This Cat is trying to keep up with the Big Dogs
MnFastBoat is offline  
Reply With Quote
Old 12-21-2002, 09:45 PM
  #10
DJD
Registered
 
Join Date: Oct 2000
Location: Greenwich CT. U S of A
My Boats: 38' Cigarette, 42'Post, Driver:F2-07 Wild Child
Posts: 1,839
Default

[QUOTE]Originally posted by Wes Smith
[B]Although the town will allow docks to be built , just be certain the dreaded Dept. of Environmental Protection doesn't have to issue a permit as well...

Good point Wes!
I have had to deal with the DEP several times recently.
Jon, the town is #2 when it comes to the shoreline. The DEP is #1.
Also, before you buy, make sure you put a clause (not Santa) in the contract: "subject to issuance of building permit".
DJD is offline  
Reply With Quote
Reply

Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
airshares
Donzi
0
09-30-2008 12:43 AM
Mackattack
Trucks, Trailers and Transportation
0
03-12-2008 10:35 PM
hugetime1
General Boating Discussion
8
02-09-2005 05:07 PM
Back4More
General Boating Discussion
36
10-14-2003 10:41 PM



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 03:22 AM.


Copyright 2011 OffShoreOnly. All rights reserved.