My wife and I are looking to buy vacant land from a neighbor. I reached out to the land owner and got the ball rolling. She doesn’t use it. She inherited it and just pays property taxes and mows the grass. It would be an off-market sale, and I’m trying to figure out what fees I can expect. Would it just be attorney fees and a title search? Anything else to consider during the buying process?
Well, you want a survey. And you want title insurance.
Survey, title search, and title insurance. The rest varies on location.
Recordation and transfer taxes applied to property transfers are common in many states. This can be a lot or a little depending on your state.
I would start at a title company, they can make all this happen.