Shopping For Land - The American Dream

A few of us dream of winning a million dollars. Some of us would like to win a car.

But, everyone desires to own Land!

Did you know? This can be certainly one of the primary causes the American colonists left Europe and settled in New America. The majority of people couldn't personal the land they lived on, worked or farmed on. Apart from the "Gold Rush," it is also the key reason the West Coast of America was settled. Way back in 1850, Congress passed the Oregon Donation Land Law. This law allowed folks to claim 160 acres of Land! They could also buy added land for $1.25 per acre. Would not you like to have that deal now? When the Railroad arrived on the west coast and Tacoma in 1873, the "Land Rush" was on!

Most any individual or family that can afford $200.00 to $1,000.00 per month can actually own their own Land. It really is less complicated than most of the people understand. Specifically within this economy. Sellers will probably be far more prepared to agree to Owner Financed Contracts. Meaning that even if you do not qualify via the bank or do not choose to use a bank, you could possibly not need to. You would make payments straight for the Seller. Though I often suggest that payments be made to an Escrow corporation, then the Escrow corporation will forward the payment on for the Seller along with other lienholders.

As soon as you locate that unique piece of vacant land you need then you definitely should: 1. Research all the info and documents you are able to come across. Including past surveys, wetland reports or permits, and so on.

2. View or walk each and every foot on the land trying to find challenge places, ie: hazardous wastes, wet or boggy areas, installed utilities, dilemma neighbors, and so forth.

3. Verify with the governing authorities which include the county or city.

4. Verify on financing possibilities.

five. Create a Obtain Provide.

6. Negotiate together with the Seller.

For anyone who is extremely experienced in genuine estate and have bought a lot of properties, you may be fine going by means of the above actions on your own. But, in my experience, even the extremely seasoned Purchasers that have been involved in multi-million dollar transactions, seek and listen towards the advise of specialized experts. Which include septic designers, wetlands experts, survey and engineering firms, attorney's, accountants, true estate agents and other individuals.

Most real estate transactions nevertheless occur via true estate agents. But, representing land requires a specialist. Actual estate agents are typically divided into 3 categories: Land sales, property sales and commercial sales. Most true estate agents sell properties. Some sell industrial. But, couple of sell land only.

I was an active real estate agent for over ten years. In that time I helped sell or get only three homes for best friends and family. But, I was involved in more than Fifty Million Dollars ($50,000,000.00) of Land only transactions. I've noticed more than 800 new houses built on Land I've sold. I did not enjoy going into peoples homes but, I adore walking on and displaying Land. I truly delight in visualizing what will be built on a House and get pleasure from the reputation that actual estate has offered me. I delight in assisting customers build their dreams. I assistance together with the planning stage along with the procedure of coping with City and County or State entities.

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