DO...

• discuss the availability of owner financing. Many banks are reluctant to finance land, particularly if it's located out-of-state. Some real estate companies can arrange financing with the owner, or with a local bank who is familiar with the property.

• appreciate the importance of a professional land company staff.

• ask for a recent property survey.

• always insist on reasonable access to your property.

• always try to obtain a warranty deed.

• always ask whether title insurance is available.

• buy a property without adequate access. Even if you never intend to use the property, you'll need reasonable access if you decide to sell it.

• buy a property on an 'agreement for deed,' if you intend to build before paying for the property. If disaster strikes and foreclosure is necessary, the building becomes a part of the property, and will be forfeited at time of foreclosure.

• agree to forfeit your deposit in the event you cannot obtain your own financing. Land financing can be difficult to obtain, particularly on a parcel outside your home state.

• agree to purchase property which is deemed uninsurable. The value of your property is directly proportional to the rights you hold in that property.

• buy a property unless the seller or agent can provide you with a recent survey and show you the property corners.