What is the process for buying landPresentation Transcript
What Is the Process for Buying
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.
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.
Step 2. Save enough for a down
• An alternative is to get into an agreement with
yourlandlinks.com when you buy land through
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
• 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.
Step 4. Pick a few properties to follow
• 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.
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.
Step 6. Camp the night on the
• 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.
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
• Alternatively, you can look at the same info
when buying land through yourlandlinks.com
Step 8. Verify the area of the
• Usually you're paying by the acre, so if the
acreage is overstated by 20 percent you're
paying 20 percent more than needed.
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!
Step 10. Hire a third party to go over
the contract and make sure
everything is right.
• 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.
Step 11. Follow up on any
contingencies - such as a title check,