I was asked today some good questions about land that I felt deserved an article.
General Concepts:
Risk considerations
Where have land prices gone and where are they headed?
Does Adam help people sell & acquire land? Yes
Area Considerations
Where can I find out more about a land or new construction purchase?
Unique Elements of Land Purchases:
Check the Utilities Available
Check the State, Local, & Zoning Regulations
Check the Association Regulations
Loan Considerations:
Disclosure: #'s & my Business
Land Only vs Construction Loans
Down payment requirements are typically higher
Interest rates are typically higher
Shorter Amortization Timeframes
Less Programs to Reduce Home Costs, but Some Are Still Available
Related for Buyers:
Related for Sellers:
Related for Buyers & Sellers:
Adam's Aerials (for buyers & sellers)