Land buying and selling is a significant aspect of real estate transactions and involves legal, financial, and practical considerations. Whether you’re a buyer or seller, understanding the steps and process is crucial to making an informed decision.

Important Considerations for Both Buyers and Sellers

• Taxes: Be aware of property taxes on the land and any capital gains tax that might be applicable during the sale.
• Legal Assistance: In complex transactions, hiring a real estate attorney is often beneficial to ensure that everything is legally sound and to prevent future disputes.
• Title Insurance: Both buyers and sellers may want to consider title insurance to protect against potential claims on the property.
• Environmental Concerns: If the land has environmental issues (such as wetlands, protected species, or contamination), this could affect its value or future use.