Whether you’re buying a lot or land either as an investment or if you want a site to build your new home, you know that land buying comes with its own set of pros and cons. In most cases, you’ll simply need to weigh your property needs against any drawbacks in order to reach a buying decision. However, keep your eyes open for these seven big land buying nightmares. Avoiding these nightmares when evaluating land for sale will both help your purchasing experience and can help ensure that your new residential lot is worth every penny that you spend. …
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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…
Read moreResearch 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,…
Read moreRoads & 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…
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