You may want to know first what the land is going to be used for, how many wetlands, zoning and if the land is an approved building lot or raw to do an accurate comparison for price. There is a difference in price between raw land and an approved building lot. Residential land vs. commercial or industrial will all have different market prices and zoning requirements that will affect price. Smaller lots tend to be more per acre then larger lots of bulk land, but the overall price will be higher. An average building lot in Ellington will differ in price depending on market price and if it is raw or approved and how much of the lot will be buildable after the wetlands have been marked. A building lot can be an acre or more depending on what the zoning requires. Some zoning requires multiple acres to build. let me know if I can be of more help.
You have three posts for the same question....short answer is consult with your agent and attorney to see what your written agreement with the Seller provides in terms of inspection contingencies. There is normally a short window of time for you to complete the inspections and then to put the Seller on notice in writing after you have receive the inspection results. Written notice to the Seller is next step if you seek to terminate the purchase.... more