• Money
    • Budget
    • Shop
    • Travel
    • Stories
  • Career
    • Advice
    • Entrepreneurship
    • Freelance
    • Small Business
  • Investing
    • General
    • IRA + 401K
    • Stocks + Bonds
    • Retirement Planning
    • Estate
  • The Basics
    • Student Loans
    • Credit Cards
    • Debt
    • Taxes
    • More
  1. Home
  2. The Basics
  3. Real Estate
  4. How to Make an Offer on a Parcel of Land

How to Make an Offer on a Parcel of Land

January 26, 2000
By: eHow Personal Finance Editor
  • Share
  • Share on Facebook

How to Make an Offer on a Parcel of Land. When you make an offer on a parcel of land, you must consider many factors other than price.

Step

Get an idea of what the property is worth. You can contact the county recorder's office to get a list of properties in the area and find out what they sold for, or you can read the local newspapers; often the paper will list recent sales, prices and dates.

Step

Contact a local real estate agent. The agent may be willing to give you a list of recent sales from the board of realtors if he or she is a member of the board. Be upfront: tell the agent you are interested in a parcel of land and you want to know how much it is worth.

Step

Go to the county recorder's office or local escrow/title company and get information on liens recorded against the property.

Video of the Day

Step

Talk to property owners surrounding the parcel; they may have information the seller has not disclosed. If there is a problem with the parcel or area, neighboring owners are likely to know and very often are willing to share their information.

Step

Go to the county planning department and see what the plans are for the area. Most counties have plans that extend several years into the future for development.

Step

Write an offer on the land containing contingencies. Contingencies should allow for any inspection to be ordered - and paid for - by the buyer (you). Allow yourself enough time in the contract to get any desired inspections.

Step

Make your offer subject to getting financing if you will be seeking a loan. Consider financing that will pay for both the purchase of the land and the construction of a residence.

Show Comments

Related Articles

How to Find Out Who Owns the Mineral Rights on Arkansas Land

How to Find Out Who Owns the Mineral Rights on Arkansas Land

The Basics
Real Estate
By: Amanda Maddox
How to Buy Land on the Alaska Frontier

How to Buy Land on the Alaska Frontier

The Basics
Real Estate
By: Scott Neuffer

PARTNER CONTENT

20 Common Money Mistakes to Avoid

20 Common Money Mistakes to Avoid

Simple Land Purchase Agreements

Simple Land Purchase Agreements

The Basics
Home Ownership
By: David Carnes
How to Find Rural Land for Sale

How to Find Rural Land for Sale

The Basics
Real Estate
By: Leon Williams
How to Find Land to Lease

How to Find Land to Lease

The Basics
Real Estate
By: Heather Hanlon

Get Weekly Savings& Finance Tips.

  • Money
  • Career
  • Investing
  • The Basics
  • About
  • Contact Us
  • Terms
  • Privacy Policy
  • Copyright Policy
© 2018 Leaf Group Ltd. Leaf Group Media

Get Weekly Savings
& Finance Tips.

Money Made Easier.

Please enter a valid email.