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New Years Resolutions for Selling Property in 2014 — And A Look Back At Some Hot Topics

Happy New Year from LotNetwork.com, and here’s to a great 2014 for you whether you are selling residential lots and land, buying property for a new home or project, or building and developing to sell new homes. We covered many useful real estate and homebuilding topics in 2013, and will give you a brief overview of some of our most popular posts from the past year that you can use throughout this new year too. List Now & Sell Your Property with these 3 New Years Resolutions Start off your new year with a fresh look at your property listings….

A Builder’s Guide to Reviving Zombie Developments

The zombies are here, and this can be a good thing if you’re a home builder – zombie neighborhoods and developments that is. Everyone’s talking about zombies these days, whether they are on popular television shows or cult classic horror movies. Likewise, some builders and developers are finding that picking up zombie developments at a good price, completing and updating infrastructure and then re-selling or building out can be a great way to meet their need for lots and gain a relatively quick return on investment. There’s still an opportunity for big profits from zombies, especially for local and regional…

Use Real Estate Professionals: Tip #8 for Buying Residential Lots and Land

All of the 8 Tips for Buying Residential Lots & Land for a New Home play an important role in evaluating a lot or land for sale, but it’s possible that the single most significant tip is to make sure you are working with experienced, knowledgeable and helpful real estate professionals. The A-Team Successfully identifying and purchasing that “right” property often requires the help of professionals with whom you work very closely – like an agent, home builder and architect. These primary contacts for buying lots or land for a new home are your A-Team. Choosing a good A-Team can…

Research Title & Restrictions: Tip #7 for Buying Residential Lots and Land

In our last post on the 8 Tips for Buying Residential Lots & Land for a New Home we discussed roads and access, including easements that may benefit your land. Now we will shift our focus to title restrictions and other restrictions that may burden your land. Before buying a lot, you always should review the lot’s title and get owner’s title insurance. Reviewing “title” for a property typically includes an in-depth study of the parcel’s history through land records, maps, liens, legal documents and other facts on the public record that may affect a property. This may sound boring,…

Lots and Land Development: How do you know when the Market is Ready?

Land development tends to be one of the riskiest roles in the housing industry, so for land developers it is important to know that the market is ready for a new project to avoid taking on excessive risk. What are the tools or metrics that land developers can use to analyze housing markets and help them evaluate whether the market is ready for developing land into lots for new home projects? Risks of Land Development Land developers are at the front-end of new home construction. Land developers typically borrow and advance the funds that are needed for them to pay for…

Roads & Access: Tip #6 For Buying Lots and Land

Our journey through the 8 Tips for Buying Residential Lots and Land for a New Home continues with a look at the important Technical Due Diligence topic of roads and access. Access: Don’t Get Landlocked Landlocked. It’s a real estate term that describes land completely surrounded by property owned by other parties, impacting the owner’s ability to freely access the land. This Tip can help you better understand access issues so that you can avoid buying property that is landlocked – or otherwise has inadequate access rights – in the first place. Typically, lots for sale in newer residential communities…

The Site Visit: Tip #4 for Buying Lots and Land

When you’re buying a lot or land for your new home, the level of excitement builds when you think you may have found that “right” site. In Tip #3, our previous post about 8 Tips for Buying Residential Lots and Land for a New Home, we discussed due diligence, computer research and the Spaghetti Test as initial steps to eliminate properties that do not meet your requirements. Now we dig deeper into the due diligence process. The Site Visit So if you think you found property that might pass the Spaghetti Test, then you absolutely, positively have to do a…

Decide Your Community Style: Tip #1 for Buying Lots and Land

You’ve decided you’d like to buy a residential lot and build a new home – congratulations! No other option for owning your own home gives you as many ways to design and customize a home that’s all yours from the ground up. But where do you begin? You’re already discovering that the web is a great tool to help you do research, see the many choices available, make informed decisions about the type of home and community suits you and to help find a qualified builder. Earlier we gave you 8 Tips For Buying Residential Lots and Land For A…