Why Every Season is Selling Season for Lots & Land
The Fall and Winter seasons can be the ideal time for you to find buyers when you are selling vacant land or residential lots. Some landowners who wish to sell land – and even well-meaning real estate pros – mistakenly take their vacant land listings off the market for a few months during this time of the year because of outdated or inapplicable beliefs about “Selling Seasons” for real estate. Read on for 5 reasons why the Fall and Winter seasons can be a great time of the year to sell residential lots and land, and learn why it may be time for you to reevaluate your strategy when it comes to the colder months…so you are not left out in the cold.
1. Buyers Search Online for Lots & Land Year Round
Today’s real estate buyers are shopping year round on the Internet, so the idea that buyers don’t shop for homes and land in the winter is antiquated.
Times have changed, and the belief that people don’t buy real estate in the Fall and Winter is partly derived from how the real estate business worked before the Internet age. In the past, searching for real estate (and vacant land in particular) involved selecting a number of potential properties (probably found by word of mouth or newspaper classified ads), then driving to all the different locations and inspecting the properties in person. Buyers just did not have the same visual resources and search tools that they have via the Internet, so the process required more legwork, site visits and wasted time back then. And when winter arrived in colder climates, many landowners would take their property listing off the market because they felt like there wasn’t any use…surely buyers would not want to drive and walk through cold weather or snow to look at their property. Read more…
One of the primary benefits of placing your residential lot and land listings on LotNetwork.com is that we expand your marketing network to lot and land buyers you normally would not reach, and Featured Listings already receive the highest exposure on the LotNetwork.com web site. Well, now we’ve expanded our Featured Listing program to give you huge new exposure to even more buyers, with customized advertisements displayed on more than 100 major web sites…for FREE. Boom.
Customized Advertisements for Your Property Help You Sell Land & Lots
We make it easier for you to sell land online through this new ad program. Now when you post your residential lot and land listings on LotNetwork.com as Featured listings, our team will design and place customized ads for your Featured listings on a network of more than 100 key real estate, homebuilding, investment and related sites across the Google Display Network – this is Google’s powerful advertising network which is the #1 global display ad network and reaches over 90% of internet users worldwide. Each of your custom Featured Listing ads will have a direct link back to your Featured Listing page on LotNetwork.com.
These ads are highly visible and geo-targeted so potential homeowners, investors, builders, developers and real estate agents looking for lots and land in your area will see your custom advertisement. And we do all the work for you! Just sign up to sell your land as a Featured Listing on LotNetwork.com, and we will take care of the rest. Now that’s service.
We have launched our new Online Customer Support Center and think you will really love how it enhances your customer service experience on LotNetwork.com and helps you get more out of your membership.
The Online Customer Support Center is the newest feature that adds to LotNetwork.com’s customer-focused philosophy, and joins our existing 24-7 telephone hotline and customer support email interfaces. Now there are 3 ways that you can get help and support on LotNetwork.com.
Site Updates & Improvements
You may have noticed that we’ve added a number of major site improvements at LotNetwork.com over the past few months. One of the most obvious is that the entire web site has received a visual update, with the new design being both more attractive and user friendly. In addition, we have enhanced our search functionality on the site by refining our search algorithms and adding a prominent search box in the middle of the Home page, making it easier for potential buyers to find the properties that fit their needs. We also added new Resource Pages to provide tips and tools for those considering buying lots and land; selling lots and land; financing construction or a purchase; designing a home; and building a home. And we now have new Pro Pages for Agents and Brokers and for Builders and Developers, to help explain how LotNetwork.com can help you when you are an industry professional. Read more…
Whether you own a vacant lot, single-family home or a commercial building, you likely will pay property taxes. These types of taxes have been collected in the U.S. since early colonial days, and they are not going away. In the words of Benjamin Franklin…”Nothing is certain but death and taxes.”
Here’s some information to help you better understand property taxes.
What are Property Taxes?
A property tax is a tax that is imposed by a local government entity, like a county, city or town, on the value of property in its jurisdiction.
Unlike income or inheritance taxes that are connected to an individual person, property taxes are based on the value of the physical item at issue – the property. Because property taxes are based on value, they also are called ad valorem (or “according to value”) taxes.
There are several different kinds of property that are taxed, including both real estate and personal property (like vehicles). For this article we will focus on property taxes on land and improvements, also commonly referred to as real estate taxes.
Property Taxes Across the Nation
Property taxes are the primary source of income for most local governments across the country. Your local government uses the real estate taxes that you pay for services like police protection, fire protection, sanitation, government programs, parks, roads and schools. Read more…
Home construction loans help you finance your new home from the ground up. This page describes the typical Terms for Home Construction Loans, and is the second part of our article that will help you understand all about construction loans and how they work.
[Click here for Part 1 of this Article on Home Construction Loans]
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Terms for New Home Construction Loans
In addition to construction budgets, draw schedules, converting loans and some of the other unique aspects of construction loans we’ve described, continue reading to learn about how construction loans work and the typical loan terms. We’ll now look at the following loan terms and characteristics:
- Down Payment/LTV
- Loan Length
- Amortization & Payments
- Interest Rates
- Underwriting & Processing
The crash of the nation’s housing markets directly affected the financial industry and its willingness to extend real estate credit, especially loans for new development, vacant land purchases and new home construction. All of these loan types are considered “riskier” loans by banks, so they simply were not even offered by banks for several years. Under those economic conditions there were not as many borrowers actively seeking these types of loans at that time anyway. Read more…