Essential Paperwork For Buying and Selling Land in Tennessee
The rolling hills, fertile valleys, and lush forests of Tennessee have made the state a desirable destination for land ownership. Whether you are a long-time landowner or considering selling your piece of the Volunteer State, being prepared can help you get the best value for your property. While selling land without a real estate agent is possible, retaining an attorney can be helpful, particularly if you are dealing with complex issues such as title problems or zoning regulations.
Essential Paperwork for Buying and Selling Land in tennessee
There are several key documents you’ll need to have in order to sell your land. Essential paperwork for buying and selling land in Tennessee is critical and should be current and free of any encumbrances. A recent land survey is also a good idea to show buyers the physical boundaries of your property. A topographical map can be beneficial, too, as it gives potential buyers a visual representation of the landscape and can provide helpful historical data such as past surveys and soil tests.
Zoning rules will determine what you can do with your land, so you’ll want to make sure you have a copy of the current rules in your possession. Conservation easements can offer tax benefits to the buyer, and it’s important to double-check that any existing ones have not been revoked or amended.
A comprehensive Tennessee residential property condition disclosure is another key document to have in place, as it can help speed up closing and reduce the risk of future legal complications. If you are selling as a business or trust, be sure to have the appropriate documentation, including Articles of Incorporation and Operating Agreements. If you are an international seller, be sure to fulfill all FIRPTA affidavit requirements.…