All you need to Know to Buy Lots and Land for Sale

Buying lots and land for sale is not as complicated as you might think.  In fact, it's less expensive than buying a home and has fewer strings attached.  Even in a place as settled as the United States, particularly Fl, land for sale is still to be found.

First, 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 how soon you want to do it.  This is especially important if you're getting a loan to buy the cheapest land for sale.  People buy raw land for a variety of reasons including building a home, investment based on development of area in the future and to diversify their current investment portfolio.

Next, save enough for a down payment.  If you're getting a loan, lenders might ask for as much as 50 percent down, although 20 percent is ideal.  An alternative is to get a home equity loan or construction loan or seek out owner financing options.
Deciding where you want to buy is by far the toughest step.  Buying lots and land is a big commitment especially when you plan on developing it.  If you don't already know where you want to be, and you're cost-sensitive, look online and seek out your ideal property.

Once you’ve found your perfect house lot for sale,  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.  If it has a well, look up when it was dug and to what depth, such information always goes on record with a government agency.  Look up the plat for the area (it's a county map showing all property boundaries) - are there large parcels around you, which will mean minimal development, or lots of subdivisions?  Call the county courthouse and find out about building codes, and whether any development is planned for the area.

Once you’ve determined all the above you will be at the point of purchasing your dream parcel.  To learn more about buying lots and land for sale and for assistance with the buying process contact a member of the sales team at (239) 333-2221.

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