Transcription of Buying Rural Land
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Buying Rural Land
OCTOBER 1997 PUBLICATION 1196A Reprint from Tierra Grande, the Real Estate Center JournalLAND DEVELOPMENTBy Charles E. GillilandMany potential buyers find theprocess of purchasing ruralland inherently stressful. Gen-erally, such purchases represent asubstantial investment; mistakes areespecially costly. Inexperienced buyersmay be unaware of possible of the underlying financial risks,they may be wise to engage an experi-enced real estate agent for assistance. Inaddition, some basic guidelines Buying involves four phases: locating the property, identifying desired land character-istics and property rights, valuing the property and completing the on Specific LocationsOften cited as the most importantattribute of real estate, location identi-fies the physical features of the propertyand defines its specific characteristicswithin the context of surrounding prop-erties. More than any other single in-fluence, location defines the potentialuses of a a property begins with a listof specific property attributes sought bythe buyer.
OCTOBER 1997 PUBLICATION 1196 A Reprint from Tierra Grande, the Real Estate Center Journal LAND DEVELOPMENT By Charles E. Gilliland M any potential buyers find the process of purchasing rural land inherently stressful.
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