What is the process for buying land
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What is the process for buying land

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ever wondered what is entailed in the process of buying land? check out the slides.

ever wondered what is entailed in the process of buying land? check out the slides.

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What is the process for buying land Presentation Transcript

  • 1. What Is the Process for Buying Land? www.yourlandlinks.com
  • 2. Buying land may involve four distinct phases. 1.finding the property that fits your needs. 2.identifying all the land's physical and legal characteristics and property rights still awaits. 3.value the desired property 4.make a bid or, ultimately, obtain financing and complete the transaction. www.yourlandlinks.com
  • 3. Step 1: Begin with the end in mind • In order to make the right choice, you need to know what you're going to use the land for, and the type of the land. Write in detail, the type of property you want. www.yourlandlinks.com
  • 4. Step 2. Save enough for a down payment • An alternative is to get into an agreement with yourlandlinks.com when you buy land through us. www.yourlandlinks.com
  • 5. Step 3: Decide where you want to buy • If you don't already know where you want to be, and you're cost-sensitive, visit yourlandlinks.com. • There are many databases of available raw land. A browse through these pages will give you an overview of the kinds of properties that are out there and what they cost. www.yourlandlinks.com
  • 6. Step 4. Pick a few properties to follow up on. • Mark them on a map. It's a good idea to try and mark them in "lots" so when on a drive and in the vicinity of the property, you can just drive through and visit the place. • Alternatively, you can visit the land through yourlandlinks.com’s picture gallery of your desired piece of property. www.yourlandlinks.com
  • 7. Step 5. Call the seller. • Have a list of questions prepared to ask over the phone. You can, of course, email your questions, but it's much better to actually talk to us and get direct answers. www.yourlandlinks.com
  • 8. Step 6. Camp the night on the property. • If your up for it, this will give you the best idea of the daily rhythm of the area, and neighbors, and traffic - if after 24 hours your enthusiasm for the place has waned, imagine being there for 24 years. You've got to be absolutely in love with it, and then some, before you're ready to buy. www.yourlandlinks.com
  • 9. Step 7. Research the property online and via phone • Get the tax ID number and look up what the land was last appraised at, and what it last sold for. • Alternatively, you can look at the same info when buying land through yourlandlinks.com www.yourlandlinks.com
  • 10. Step 8. Verify the area of the property. • Usually you're paying by the acre, so if the acreage is overstated by 20 percent you're paying 20 percent more than needed. www.yourlandlinks.com
  • 11. Step 9. Make an offer. • The value of land is arbitrary - your goal should be to pay the minimum. This way you have cash to actually develop it! www.yourlandlinks.com
  • 12. Step 10. Hire a third party to go over the contract and make sure everything is right. www.yourlandlinks.com
  • 13. Settlement. • Once everything has been cleared with the contracts, the final settlement takes place. • Once full payment has been made, the title is transferred into your name.
  • 14. Step 11. Follow up on any contingencies - such as a title check, well inspection www.yourlandlinks.com
  • 15. Buy with us. • • • • • www.yourlandlinks.com yourlandlinks@mail.com Facebook.com/yourlandlinks Twitter.com land@yourlandlinks.com