Put this lesson to work
Use what you learned to review current opportunities, or ask a property-specific question before you make a decision.
Start with your goal
Before looking at acreage or price, decide what you want the property to become. A future homesite, retirement property, recreation parcel or long-term investment can each have different priorities.
Focus on the fundamentals
- Legal and physical access
- Current zoning and permitted uses
- Availability and cost of electricity and other utilities
- Water and septic possibilities
- Financing that comfortably fits your budget
Vacant land is different from buying a house
Most vacant-land purchases do not involve inspecting a roof, plumbing system or existing structure. Instead, the important work is understanding what the parcel is, how you can reach it and what may be required before it can be used for your plans.
Think about your future
Many buyers purchase land years before they plan to build. Some want retirement property, some want a weekend getaway and others want to own a piece of Northern California while they can.
Owner financing can make buying easier
Owner financing may allow a buyer to purchase property with a manageable down payment and monthly payments. All terms should be clearly written and the transaction should close through a professional title and escrow company.
Ken's Tip
Start with the fundamentals. Make sure the property has legal access, understand the zoning, know where utilities are located and make sure the financing fits your budget. Improvements can come later. The important thing is finding the right property at the right price.
From My Experience
Everything in Land University is based on what I've learned over many years of buying, selling, developing and researching land in Northern California.
My goal is to help you understand the questions to ask and the issues to investigate before buying land. Every property is different, laws change and county requirements can vary.
I'm not an attorney, licensed land surveyor, engineer or county official. These lessons are practical education based on my experience, not legal, engineering, surveying or tax advice.
Please verify important information with the appropriate county departments and consult an attorney, licensed surveyor, engineer, CPA or other qualified professional when needed.
— Ken Grisham