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Real estate question(s) Rural acreage.

 
Old 02-10-2019, 12:24 AM
  #1  
Dodosmike
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Default Real estate question(s) Rural acreage.

I've been look for some rural acreage off and on for a few years. Found 101 acres relatively close to home, so I've contacted a RE agent this afternoon.

the property has three small buildings, no home. No sewer, water, septic or anything. Only trees, grass dirt and rocks. Maybe some Moose, bear and deer ****, that'd be about it. Well, there is an old 26' fiberglass boat rotting away, it'll make a nice bonfire someday.

what questions should I be asking?

property taxes? (Back taxes owing?)
recent survey?
road allowances?

can an unimproved property have a lien levied against it? Might vary by region I guess.

for location, it's 300 miles north of Buffalo NY, not far from the north west corner of Algonquin Park (largest provincial park in Ontario Canada).

Suggestions?
what questions should I be asking?

(I thought there was a real estate thread awhile ago asking similar questions, I be damned if I could find it)
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Old 02-10-2019, 12:31 AM
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Where are utilities and how much will it cost to get them to the land?
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Old 02-10-2019, 12:41 AM
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Power at the road running along the end of the property.

Valid question, re cost to run power in. Thanks!
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Old 02-10-2019, 12:51 AM
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I don't know if Canada has anything like the US has for taxes, but here for instance you can apply to have your property text as something we call clean and green. The tax liability is dramatically reduced but the permissions for improving the land are basically forfeited. It pretty much becomes a wildlife refuge and some hunting ground and that's about it. In order to improve that property you then have to pay all the back taxes for however long it was categorized as clean & Green. This liability transfers from owner to owner. You might want to find out if there is a similar arrangement for your desired property.

Other than that I am clueless as to what else you would be required to research before buying your property. Other than the obvious stuff you've already thought of anyway.
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Old 02-10-2019, 01:16 AM
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see if any of the land is protected or a conservation area.
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Old 02-10-2019, 01:28 AM
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You should be able to find the tax info on the county website
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Old 02-10-2019, 01:46 AM
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I don’t think it would be a problem that far north, but make sure there are no easements for pipelines or hydro wires.
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Old 02-10-2019, 02:13 AM
  #8  
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A title report will help
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Old 02-10-2019, 07:22 AM
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Find out how much, if any, wetlands is present...and resulting restrictions?

Liability insurance costs?

Setback from property line restrictions?
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Old 02-10-2019, 07:37 AM
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Find out who the surrounding land owners are and what their zoning is.

I had a 650 acre orange grove next to me. Ended up getting sold to a utility company. Now it's going to be a solar farm.

Could have been worse. Could have sold to a developer. I would have moved if it was developed.

Hard to predict the future. But at least try to get a grasp on the surrounding land owners.

Power is somewhat easy to get. DSL (Internet) is a whole different ballgame.

Much harder and/or practically impossible to get High Speed DSL in rural areas.

Check with the phone company.
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Old 02-10-2019, 08:40 AM
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Mineral rights on property and harvesting of trees on property. Does anyone already have these rights?

Had friends years ago that vacationed in I believe that area. They said at night the black flies were brutal.
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Old 02-10-2019, 09:00 AM
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Pics of wife?
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Old 02-10-2019, 09:33 AM
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Finding out if any hazardous materials or old fuel tanks buried under ground would be one of the first things I'd look for.
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Old 02-10-2019, 09:52 AM
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Clean and green, doubt it, but worth asking

Mineral and timber rights is a good one. Thanks

Easements, maybe a road allowance. No power transport lines or pipelines out that far, but I'll add it to my list.

DSL, not required, but I'll check into it anyway.

Hazardous materials. oil tanks, old dump, I'll ask.

Zoning. Valid question. Rural residential or farm land I'm guessing. I'll ask if a building permit is even required or even available and what restrictions there are, if any. Some regions around here are "unorganized" and building permits/restrictions are not required/inforeced .

Protected wetlands, never thought of that. I'll add it.
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Old 02-10-2019, 10:24 AM
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paging Slo
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Old 02-10-2019, 11:04 AM
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Make sure you have a FULL understanding of what you can and cannot do with the land. Talk to your future neighbors for their experience with the county.
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Old 02-10-2019, 11:27 AM
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Buildable with septic?
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Old 02-10-2019, 12:43 PM
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Originally Posted by BAMvette View Post
Buildable with septic?
This would be the first question. Do a perk test. If it fails land will not be buildable .
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Old 02-10-2019, 12:50 PM
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Originally Posted by Dodosmike View Post
I've been look for some rural acreage off and on for a few years. Found 101 acres relatively close to home, so I've contacted a RE agent this afternoon.

the property has three small buildings, no home. No sewer, water, septic or anything. Only trees, grass dirt and rocks. Maybe some Moose, bear and deer ****, that'd be about it. Well, there is an old 26' fiberglass boat rotting away, it'll make a nice bonfire someday.

what questions should I be asking?

property taxes? (Back taxes owing?)
recent survey?
road allowances?

can an unimproved property have a lien levied against it? Might vary by region I guess.

for location, it's 300 miles north of Buffalo NY, not far from the north west corner of Algonquin Park (largest provincial park in Ontario Canada).

Suggestions?
what questions should I be asking?

(I thought there was a real estate thread awhile ago asking similar questions, I be damned if I could find it)
If you buy it, what do you plan on doing with it?
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Old 02-10-2019, 02:15 PM
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I own acreage in 3 different states and in a few places in Texas. I use all of it to make money so Iím going to ask you the question you need to ask yourself. What do you want the land for and is that reasoning productive for your best interest?

Last edited by Idaho Mark; 02-10-2019 at 02:16 PM.
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