Giovanna Trabasso / 03/01/2021
All You Need to Know (And Do) Before You Buy Land
Investments can be overwhelming, especially when diving into a market you have little to no experience with. Most people dream of owning their own land, but often forget that it is also a major investment opportunity. If this is your first time looking to buy land, don’t worry, we’re here to help. To ensure that you are getting your money’s worth and investing towards your dream, go beyond basic research. By following our ultimate beginners guide to land buying, you will be on your way to owning your own piece of America worry-free.
1. Find your dream property
It has never been easier to be a land-owner. While having a broker help you seem like the easiest way to find available land. However, the price of the property would then be considerably higher due to broker fees. Land brokers, while specializing in land sales, take an even higher percentage as a fee. Action sites and government-owner land are also an option. You can most often easily find available land to buy for auction through quick online searches.
However, if cheaper rates and financing options are what you are looking for, online websites are now the easiest way to buy land. Here at Community Lands, we offer a variety of properties in states throughout America. We also offer special financing options designed just for you. Skip the additional fees and search hassle when buying online with us. In just a few weeks, you can have access to your property and your deed processed and financed. Browse our available properties and get in touch with our sales representatives today!
You can narrow your search by asking yourself important questions before you begin your search. As yourself, what zoning do I want? What will I be doing with the property? How much am I willing to pay? Can I see the property before I buy it? What’s my ideal location? The more specific you can get, the better will your search fit your needs. But the research doesn’t stop there. Once you’ve found your ideal property, learn more about it before closing the deal.
2. Learn more about the property before buying
We all love reading product reviews before buying, right? If you are looking to buy land, research is a little different. Luckily, all you need can be found online or through quick phone calls. With Community Lands, our sales representatives can answer all your questions or direct you to services that can answer them for you. Most of the questions you might have can already be found through our property listings: zoning, property taxes, location, parcel details, access, utilities. If there’s anything else you need, just ask us!
If you can’t visit the property yourself, resources such as Google Maps can provide great visuals to your parcel. It’s important to always understand the zoning of your property and what you can and can’t do to it. Properties can be rezoned before you buy them and changing them again is a long process. Always be sure to stay on top of the key information of your property. It’s also important to understand the physical characteristics of the property. This information can be found on our listings, but always do some extra research on what those characteristics mean so that you are aware of any restrictions on the property.
3. Finance your purchase
The first step to financing your purchase is knowing how much you can spend. Especially when you want to buy land. Sometimes you might be willing to spend more than you might be able to. It’s important to, even before you begin your search, stay on top of your finances. Ask yourself, how much can I set aside for this investment and still cover important costs? Be mindful of negotiations, the price you see is not always the price you pay!
When buying vacant land, purchases are more than often done in cash. This is when being on top of your finances is the most important: how much cash can you set aside for this investment? In order to close a purchase, you might be asked to provide proof of income or funds. If you have all of that in order before you begin your search, you will already have a budget and all you need to complete your purchase.
Here at Community Lands, we offer exclusive financing deals. When reaching out to our sales representatives, make sure to ask about our financing options. We offer liquidation prices for all cash sales and owner financing deals with low down payments. We want you to have your dream property and will do all we can to help you achieve that dream!
Making such an investment as buying property, as an investment, or the place you will build your forever home, should not be taken lightly. By following these three simple steps and paying attention to every detail, your land-buying process will be quick and easy. Not sure if this is for you just yet? Check out our post on why owning land is profitable and how you can start your investment today with Community Lands. We also have various posts on land investment and sustainability to guide you through your land-ownership!
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