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Home Sequim Lots For Sale

Sequim Land for Sale and Due Diligence Checklist

Chuck Marunde by Chuck Marunde
August 9, 2022
Reading Time: 3 mins read
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Sequim Land for Sale

You’re looking at Sequim land for sale.  There are 743 lots on the market in Clallam County, which is mostly Sequim and Port Angeles.  Once you filter through that large inventory and narrow down your short list to a short list of one, you then have some due diligence to do.  More than homes, buying vacant lots is a risky business.  If Adam Smith were alive today, he would say something like, “When it comes to Sequim land for sale, the rule of caveat emptor doth apply.”  In other words, buyer beware.

Sequim Land for Sale – The Good, The Bad and . . .

Sequim Land for Sale

Sequim Land for Sale and Due Diligence

I showed a beautiful five acre parcel with a wonderful mountain view in an area that is near the center of the Sequim Rain Shadow.   Then I showed my clients some Sequim land for sale that was three times as many acres, and it too had a wonderful mountain view.  The first parcel was listed at $120,000, and the second was listed at $109,000.  Sounds like the second parcel is a steal, doesn’t it?

What’s the difference?  Would one seller really sell three times as much acreage for so much less?  Not in the real world, and that’s where you and I live.  If it seems too good to be true, it probably is.  There’s no such thing as a free lunch.  You know the sayings.  When it comes to buying vacant undeveloped land, the rule is caveat emptor.

A seller (and the seller’s agent) might not tell you the land has no legal easement to a building site.  They might not tell you there’s no legal building site because of wetlands.  They might not tell you there are no water rights.  They might not tell you the land is contaminated.  They might not tell you many things.  It could be they don’t know.  Whether they know or not, the result for a buyer would be the same.  Disaster.  If you close and later find out you can’t use the property, good luck suing the seller and the listing broker.  The last thing my retired clients plan to do in Sequim is get in a major lawsuit.

Sequim Land for Sale and Saving Grace

I created a Vacant Land Checklist many years ago (while I was still practicing law about 15 years ago), and you can read it here at Sequim Land for Sale Checklist.  I recommend caution and doing your due diligence when you get ready to buy vacant land.  Better yet, retain the services of a buyer’s agent with the experience to know about the hidden traps.  Be especially careful about hiring an agent to represent you as your buyer’s agent when that same agent also represents the seller.

You can use my powerful online Sequim MLS site to search for land that suits you at Sequim Land for Sale.

Last Updated on August 9, 2022 by Chuck Marunde

Tags: Sequim Land
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Chuck Marunde

Chuck Marunde

Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and 60 books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their Sequim Buyer's Agent. 

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Comments 2

  1. Kirk says:
    11 years ago

    You should be a part of a contest for one of the greatest blogs on the internet.

    Reply
    • Chuck Marunde says:
      3 years ago

      Thank you Kirk. Thank you very much.

      Reply

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