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Buying Land Is Not A Dirty Job
A great person once reminded the masses that you buy land because nobody is making it in a factory. You may have a dream of five acres and a cabin or a city lot with a view. Do you want to spread out with animals or roost on a mountaintop? There are many reasons and ways to buy land.
A real estate professional or a book on your kindle reader will both provide information. Both will describe the differences between using a Realtor with full MLS (Multiple Listing Service) access to assist you. Another option is to respond to advertisements in print and on your computer.
I have used many ways to offer on land. I have offered a cash amount plus normal closing costs. This method means the seller knows what his closing check will say when he sells. It eliminates some possible confusion and focuses the seller’s attention on the amount he will receive.
My car has everything from last month’s fast food wrappers to toddler baby bedding in it. It also has my books on land purchase and each one recommends working with a title insurance company. This is the disinterested third party that will report facts to both buyers and sellers.
You can’t shine up a dirty title report with a couple of baby bath towels. You need to know if there are medical or mechanic liens on the property. Can the report be cleaned up easily or will you need to move on to another pick. That is what your title insurance company pros will help you decide.
Make sure you can use the land for the purpose you have in mind. No goats and cattle in your backyard on Main street is probably a given. What about buying 20 acres of land thinking you can split it into four 5 acre parcels. Then you discover that the zoning is for 20 acre minimum size.
That could affect your ability to have a septic system. You need to have professionals give you information about well depths, minerals in the water, soil and will the ground support a septic drain field. Is there electric on the road or nearly and how much will it cost to move onto the property and to the home site.
The bottom line is to be educated and informed. Consult with local Realtors and other real estate professionals. Talk to your friends and co-workers who may have useful experience to share with you. Ask a lot of questions and make a great deal on land. It’s nice to say that you officially own a portion of planet Earth.