Is it a good time to invest in land? What types of land do you offer for sale? Is there a time frame to build? |
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Do you provide recent surveys of your land for sale?
Engineers survey every property, ensuring that each parcel is properly and accurately marked for your thorough inspection. Survey maps are available for each property.
Do you provide reasonable access to your properties?
Every parcel sold by National Land Partners fronts a state, town, county or private road, which provides access to every buyer.
Do you offer Warranty Deeds?
You cannot buy better protection. With this instrument, the seller guarantees to you that the title to your land is free of any past, present or future entanglements and further promises to refund your purchase price, plus damages, should the title to your property prove to be of fault. All National Land Partners properties offer a warranty deed.
Do you offer bank financing?
Even if you don’t need financing, it is reassuring to know that a bank has appraised the property and approved each and every parcel for up to 80% financing. Most National Land Partners' properties offer this financing.
Do you have title insurance?
Title insurance provides additional protection against title flaws. All National Land Partners properties are title insured before purchase. Each parcel can be re-insured in your name should you desire that protection.
Do you have a professional, knowledgeable staff?
Our professional staff is well versed in all facets of land management. Zoning, taxes, building codes, deed restrictions, and comparable properties are just the beginning. All of your queries will be satisfied in an effort to help you make the best educated decision for your land purchase.
You may have asked yourself if the purchase of land is a good use of your financial resources. Real estate has a good track record. For the last quarter century, land values have far outdistanced the inflationary spiral in real economic growth and have avoided the pitfalls of saving depreciated dollars or investing in risky and speculative investment markets Factor land out of the recent housing market crash, and you still have a steady market. You may not be surprised to learn that the value for recreational land is far outpacing that of residential homes.
Timing can be just as important as the choice of property. A historical chart of real estate values would look like a set of stairs with values climbing for a couple of years, then leveling off for a while, then climbing again. It would be impossible to state with any real assurance how much real estate values will climb next year, or which properties will increase in value the fastest, or in which geographic location.
Most people buy real estate for personal enjoyment. They invest in their own personal satisfaction first, with financial return as a secondary bonus. People who purchase with personal enjoyment as a primary goal and financial gain as a secondary goal, benefit from the use of their property, reveling in the fresh air and quiet solitude of the country. And, although they benefit from a growing equity in their property, they realize that real estate is not a liquid asset. A good return on real estate can be received only when the seller understands that a reasonable amount of time will need to elapse before you can find the buyer to meet your price.
Q. Is the property surveyed?
A. With a surveyed parcel you have a guarantee that the acreage will be exactly as described. Boundary lines shown on a survey map should be pinned and flagged on your property.
Q. Is financing available?
A. Financing on unimproved land is difficult to find and almost impossible to obtain on a property that is out of state. Banks who agree to finance land have usually appraised the property before offering to finance. They will often prove more beneficial than your local lender.
Q. Is the title to the property clear (free of liens, easements, and other encumbrances)?
A. Property on which clear title is guaranteed (usually by Warranty Deed) is “worry-free” and far more saleable than property which is encumbered by liens, taxes, or easements.
Q. What are the zoning and/or deed restrictions on this property?
A. Each state, county and town follows different subdivision and zoning regulations. It is very important that you understand what uses are permitted or not permitted on any given property in order for you to decide which parcels meet your requirements for a specific use. A property might meet with all town requirements for a particular use but a deed restriction will not permit that use. Be sure to ask if there are any “deed restrictions” on your desired property. If you intend to build, inquire about building codes.
Q. What have comparable properties in the area been selling for?
A. A property purchased at above market value will take longer to appreciate than one purchased below market value. If properties of comparable size, terrain and aesthetic appearance have been selling in the same area for slightly more than you are contracting for, you are probably “buying right.”
Q. What is “Title Insurance?
A. Title Insurance is a guarantee that in the event of there is an issue with your title, you will be refunded your full purchase price, plus damages.
Q. What services are available in the area?
A. The answer to this question will help to determine the feasibility of this property for you. Often, there’s always a tradeoff. When you’re buying rural property, you may need to swap city conveniences you’re accustomed to for the peace, tranquility and charm of living near a small town.
Q. What are the current taxes on the property?
A. This might be the most important question you can ask!
Consult professionals to immerse yourself in the details of your purchase. There are many experts available to guide you through the purchase process. Never leave yourself open to costly and unpleasant surprises – always consult a professional. National Land Partners Land Consultants are well versed in every aspect of land acquisition
The Bottom Line
ALWAYS… Discuss the availability of owner financing. Many real estate companies can arrange proprietary financing or partner with a bank familiar with your property.
ALWAYS… Ask for a recent survey. The more recent the survey, the more accurate and reliable it will be. In addition, a property should always be marked for your inspection.
ALWAYS… Insist on reasonable access. Frontage on a state, town, country, or private road is desirable.
ALWAYS… Require a warranty deed. You cannot buy better protection than a warranty deed.
ALWAYS… When a warranty deed is unavailable, title insurance is a must.
ALWAYS… Establish a good working relationship with your seller. Deal only with a seller you can trust