Tuesday, August 3, 2010

Buying Land with Friends or Family

Buying acreage for hunting can be expensive. Many times I have had customers who decide to buy property with family members or friends, so they can have a larger parcel with less cost to each person.

This can be a great opportunity for investment as well as a wonderful vacation or getaway property, but it can also end up with lots of trouble if care is not taken before the purchase.

Most importantly you and your purchasing group need to understand how the property will be used and your long-term goals for this land. Knowledge of how much financial responsibly each person will be taking on, and how the title will be shared is key. Also, be informed about local zoning should you hope to someday build a home, or if splitting the property someday is a factor.

Once everyone has a plan in place, then let the land hunt begin!

I specialize in hunting and recreational properties, and will be happy to assist you in finding your dream property! Just drop me a note anytime - Roy Burlingame property@buywisconsinland.com

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