Its just vacant land, what is there to inspect? When purchasing vacant land in Colorado, the contract allows the buyer to inspect the property and its inclusions. There are several things you might want to check. Is domestic water really available? If the water line in front of the property is a private line, are taps available both from the water supplier and the owner(s) of the pipeline? Is the line large enough to handle another tap? No, just because it is there doesn't mean water is available. Is the power line to the property? Again, just because it is there or nearby doesn't mean that it is large enough to handle another home or that easements exist that allow you to hook on. Will the soil require a special septic system that has to be designed by an engineer and cost much more than expected? Is the soil in the area known to be expansive? Is there high ground water that may cause problems for basements or crawl spaces. If irrigation water is included, is there a right to use a ditch that comes to the property? Sure the ditch is there, but you still need to own an interest in it to be able to use it. How much water does each share represent? How much water will you need, not how many shares but how much physical water? Is the zoning or land use correct for your needs? There may be other considerations that may require your consideration. Just because it is a piece of vacant land, don't assume that it will fit your needs and that everything is OK, check it out during the inspection period on the contract.