Top Ten (10) Biggest Mistakes People Make When Buying Land
For those who are in today's sizeable land market, there are a number of amazing things to look forward to when purchasing property: new beginnings, golden year's retirement, the great outdoors, the building of a new home or the seed for a growing investment. These and many more major considerations annually drive hundreds of thousands of Americans to save and search for the best plot of property that fits their future lifestyle and spending plan.
While there are many great advantages to owning new raw property, there are an equal number of pitfalls to avoid when seeking out your personal promise land. If buyers understand these issues and mistakes, they will not only save a lot of heartache, they will also save a great deal of money, time, energy, and even prevent potential litigation. Think of this advice as a top ten series of guidelines to go by; from the love-at-first-sight look at your new land to the final signing of the property deed that enables you to step one foot into the future of property ownership.
1.) TERMS OF THE CONTRACT. Be certain to look over every term itemize in the sales contract for your land, even if it is only ten pages or over one hundred pages long. Make certain that the terms are effectively amortized, so that you pay scheduled, regular principal and interest payments throughout the life of the loan, instead of a balloon payment, which can be a sizeable amount at the end of a loan period to pay off.2.) INTEREST RATE. Take careful note of the interest rate of the land loan offered to you through either a real estate broker, banking loan officer or owner-broker. Some interest rates are variable, while others are fixed for the life of the financial agreement. In some cases, the interest rate and the Annual Percentage Rate (APR) are the same, as when there are no other fees, or when dealing with an owner-broker.3.) TOTAL PRICE. In addition to the land sale offered price and the eventual settled price that both buyer and seller agree upon, there are other fees to consider. If the land is essentially legal, then the seller has no obligation to improve the land, but if such an alteration increases the chance of sale, a seller may work with a buyer to prepare the land as per the buyer's needs. This work will obviously increase the total sale price. On the other hand, since it is currently a buyer's market, those looking for land can bargain sellers down, based on comparable sales prices in the area, thus lowering the total price. Ultimately, the price tag of your future land is one of the most important factors to consider.4.) TITLE HOLDER. It is important to find out who holds the title to your future land. Ask for any and all documentation that indicates who the titleholder is. Better yet, be sure to research the property with a title company that is local to your new land.5.) PROPERTY USE RESTRICTIONS. This includes specific zoning that is permitted in the neighboring area, as well as your future property. Local zoning identification will tell you what types of structures can be built on your land and whether a highly trafficked shopping mall district gets planted right near your doorstep. Make sure that the property zoning allows you to do what you want with your land.
All of land offered by Land4You.net in Arizona is zoned for homes, mobile homes, cabins or even trailers. One home is allowed per acre. Horses are also permitted. 6.) LOCATION and CLIMATE. Location, location, location. That's the mantra that all real estate agents and buyers alike repeat time and time again. The type of land that you buy means as much as where it is located. All buyers have specific work, family and social needs and these are often indicated by where you live. Also, climate and weather is something to consider, especially for those who are active and enjoy the outdoors or need to make special consideration for the time when they actually build a structure on their land.7.) PROPERTY ACCESS. Property access is quite important for residents and guests alike. What are the roads like? Do they enable you to bring in builders and contractors easily? Do you also have access to main throughways for work, shopping or even medical emergencies?
All of the Land4You.net property has legal road access. Four-wheel drive vehicles are not necessary, as any passenger car can travel easily. All of the land4you.net roads have been and continue to be regraded, which creates a nice, solid surface to drive on.8) PROPERTY TAXES. Make sure you know what your future property taxes will be for your new land. In both Arizona and Oregon, all of the Land4You.net properties reside in counties with a low tax base. Typical property taxes range between $50 to $100 on average per property, which is quite reasonable.9) HISTORY OF THE AREA. Check out the history of the area that you plan on buying land in. Is it a newly established region? Are there few or several similarly-plotted pieces of land nearby? What kind of developed towns and cities are close to the property?
And the last, but ultimately most important, of the 10 Big Mistakes people make when Buying Land is…10) SELLER REPUATATION. Don't get scammed by an unscrupulous seller. Do your research and make sure that the property seller has a verifiable and solid reputation in the real estate business. The longer they've been in business and in the public eye, the better. Ask for references.
In the course of over three decades, licensed real estate agent and land developer, Ron Freeman, only has satisfied purchasers. Most of Ron Freeman's clients have worked with him for many years. Many of his clients have purchased more than one parcel of land, while others have purchased as many as five properties and a few even more over the years. Many of Ron Freeman's clients are so confident with their land sales process, that they often refer their relatives.When choosing the land and life of your future, be sure to think carefully about the many considerations described here. If you fall in love with land, be sure it lasts forever.
When choosing premium Arizona and Oregon land, be certain to contact seasoned real estate agent and land owner Ron Freeman.
For more information go to: http://www.Land4You.net
While there are many great advantages to owning new raw property, there are an equal number of pitfalls to avoid when seeking out your personal promise land. If buyers understand these issues and mistakes, they will not only save a lot of heartache, they will also save a great deal of money, time, energy, and even prevent potential litigation. Think of this advice as a top ten series of guidelines to go by; from the love-at-first-sight look at your new land to the final signing of the property deed that enables you to step one foot into the future of property ownership.
1.) TERMS OF THE CONTRACT. Be certain to look over every term itemize in the sales contract for your land, even if it is only ten pages or over one hundred pages long. Make certain that the terms are effectively amortized, so that you pay scheduled, regular principal and interest payments throughout the life of the loan, instead of a balloon payment, which can be a sizeable amount at the end of a loan period to pay off.2.) INTEREST RATE. Take careful note of the interest rate of the land loan offered to you through either a real estate broker, banking loan officer or owner-broker. Some interest rates are variable, while others are fixed for the life of the financial agreement. In some cases, the interest rate and the Annual Percentage Rate (APR) are the same, as when there are no other fees, or when dealing with an owner-broker.3.) TOTAL PRICE. In addition to the land sale offered price and the eventual settled price that both buyer and seller agree upon, there are other fees to consider. If the land is essentially legal, then the seller has no obligation to improve the land, but if such an alteration increases the chance of sale, a seller may work with a buyer to prepare the land as per the buyer's needs. This work will obviously increase the total sale price. On the other hand, since it is currently a buyer's market, those looking for land can bargain sellers down, based on comparable sales prices in the area, thus lowering the total price. Ultimately, the price tag of your future land is one of the most important factors to consider.4.) TITLE HOLDER. It is important to find out who holds the title to your future land. Ask for any and all documentation that indicates who the titleholder is. Better yet, be sure to research the property with a title company that is local to your new land.5.) PROPERTY USE RESTRICTIONS. This includes specific zoning that is permitted in the neighboring area, as well as your future property. Local zoning identification will tell you what types of structures can be built on your land and whether a highly trafficked shopping mall district gets planted right near your doorstep. Make sure that the property zoning allows you to do what you want with your land.
All of land offered by Land4You.net in Arizona is zoned for homes, mobile homes, cabins or even trailers. One home is allowed per acre. Horses are also permitted. 6.) LOCATION and CLIMATE. Location, location, location. That's the mantra that all real estate agents and buyers alike repeat time and time again. The type of land that you buy means as much as where it is located. All buyers have specific work, family and social needs and these are often indicated by where you live. Also, climate and weather is something to consider, especially for those who are active and enjoy the outdoors or need to make special consideration for the time when they actually build a structure on their land.7.) PROPERTY ACCESS. Property access is quite important for residents and guests alike. What are the roads like? Do they enable you to bring in builders and contractors easily? Do you also have access to main throughways for work, shopping or even medical emergencies?
All of the Land4You.net property has legal road access. Four-wheel drive vehicles are not necessary, as any passenger car can travel easily. All of the land4you.net roads have been and continue to be regraded, which creates a nice, solid surface to drive on.8) PROPERTY TAXES. Make sure you know what your future property taxes will be for your new land. In both Arizona and Oregon, all of the Land4You.net properties reside in counties with a low tax base. Typical property taxes range between $50 to $100 on average per property, which is quite reasonable.9) HISTORY OF THE AREA. Check out the history of the area that you plan on buying land in. Is it a newly established region? Are there few or several similarly-plotted pieces of land nearby? What kind of developed towns and cities are close to the property?
And the last, but ultimately most important, of the 10 Big Mistakes people make when Buying Land is…10) SELLER REPUATATION. Don't get scammed by an unscrupulous seller. Do your research and make sure that the property seller has a verifiable and solid reputation in the real estate business. The longer they've been in business and in the public eye, the better. Ask for references.
In the course of over three decades, licensed real estate agent and land developer, Ron Freeman, only has satisfied purchasers. Most of Ron Freeman's clients have worked with him for many years. Many of his clients have purchased more than one parcel of land, while others have purchased as many as five properties and a few even more over the years. Many of Ron Freeman's clients are so confident with their land sales process, that they often refer their relatives.When choosing the land and life of your future, be sure to think carefully about the many considerations described here. If you fall in love with land, be sure it lasts forever.
When choosing premium Arizona and Oregon land, be certain to contact seasoned real estate agent and land owner Ron Freeman.
For more information go to: http://www.Land4You.net
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