Re: OT - Buying a farm

Posted by JK-NY on January 17, 2007 at 17:45:27 from (69.67.231.216):

In Reply to: OT - Buying a farm posted by Dave H (MI) on January 17, 2007 at 12:52:07:

Laws on real estate vary from state to state , but here are some thoughts - insist on title insurance ,review deeds for any easments , right of ways, restrictions etc . I would get it surveyed if possible unless you are familiar with the property. Perhaps the cost couild be split. If no survey have the current owner stake the corners and walk the boundaries with you. Try to find out if there were any other buildings there at one time (old cellars, wells, buried fuel tanks,etc may affect your future plans). Try to find out as much as possible from the current owner about your water supply and septic system,(location, age, depth of well etc) as well as the land (drain tile etc). Some states use lawyers for real estate transactions (like here in NY), some dont , but I'd reccomend being represented by a good lawyer unless you are very familiar with the area, properety and whole situation you are buying into.Good luck.

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