Atlanta Realtor

by Chris&Chris_17

5 Questions you Should Ask Before Buying Land or Property

The decision to buy land or property is not one to be taken lightly. Land can be extremely expensive, representing a considerable investment in both time and financial resources. If you’re thinking about buying land or property, you should ask a few questions yourself first.

1. Why Are You Buying This Property?

Is your primary interest in the property to create a personal residence, to have a vacation home or as an investment? While these interests may overlap, you may need to explore different considerations based on your priorities. Easy access to your property may be a plus for a personal residence but not for a vacation home. Proximity to a tourist attraction may be good for your investment property, but not so much for your personal residence.

2. What Is the Property’s Investment Value?

Even if you aren’t buying a property primarily as an investment, it’s still important to understand its value. You may decide to sell the property down the road and it’s good to know up front what you can expect in this regard.

3. Can You Afford This Property?

Most people will need to get a mortgage in order to purchase land or property. While some may fear the hardest part of the process is getting the mortgage loan, the reality for many is that the hardest part is paying it off. If you are not able to pay your mortgage loan, your property may be foreclosed on, leaving you without money, without property and with bad credit. No matter how tempting a piece of land or property may be, don’t borrow money to buy it if you don’t know how you are going to pay it back.

4. Is the Land Surveyed?

It’s hard to know if you’re getting exactly what you are paying for when buying land, especially if you are buying a great deal of acreage. A certified surveyor can tell you and show you the exact boundaries of the land you are considering, so you can purchase with confidence.

5. What, if Any, Are the Zoning Restrictions on the Land?

It’s important to know local zoning restrictions. If you’re planning to build on your land, you don’t want to find out that your plans violate local regulations after you’ve started, or even after you’ve bought the property. Find out up front what you can and cannot legally do on the land and make sure this fits in with your needs before buying.

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Check out these Vacant Land images:

Houston Third Ward Vacant Lot


Image by jonathanvlarocca
Vacant lot in Houston which I’m considering as a site for one of my "produce" factories

Vacant Land in Slavic Village


Image by Wayne-BTV
One of the aims of the Re-Imagining Cleveland report is to develop hundreds of community gardens, along with larger urban farms, which might eventually supply one-quarter of Cleveland’s food needs. For more, see my report at: www.circletheusa.com/2009/04/cleveland.html

Creative Commons: Attribution Non-commercial No Derivatives. Please credit photo as follows: Wayne Senville, Planning Commissioners Journal, www.plannersweb.com

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by bulliver

3 Quick Turnover Tips for Vacant Land Sales and Rentals

Article by Chris Robertson

Even when home sales are at their worst, vacant land sales and rentals seem to thrive. In today’s uncertain market, land might possibly be the only form of real estate that’s growing in demand and value across the United States. According to USA Today, a poll commissioned for the National Association of Realtors indicated that 60% of Baby Boomers want to retire in a small town and are hungry for real estate. Vacant land sales and rentals offer Boomers a way to fulfill their dreams – to one day build a home of their dreams on their own property.With a 20-year demand, it has been projected that there are approximately two billion square feet of commercial and residential land properties. So taking these into consideration, let’s explore three ways for a fast turnover for vacant land sales and rentals.Prepare Your Land LotYour piece of land (if already improved) needs to be neat and clean. When potential buyers see the vacant land, they should be able to visualize their home on the property as well as their yard and personal outdoor belongings. Perhaps they want to build a home and add a storage building as well as a play area for the children. Perhaps they plan to add a fenced area for their pet. Maybe the buyer wants to plant a garden some day or build a workshop. With a neat, clean vacant land lot the buyer can plan in their mind how they will arrange these on the property. Clear the lot of any sticks and logs, leaves, old stumps, and debris. If you have an old rusted fence, remove it or replace it. Outline an area where the driveway might be located. You can do this with logs, gravel, or small blocks.Create Visual BoundariesMost buyers will not understand how to measure the boundaries of a vacant land lot. They need to see the boundaries. Mark these clearly with large stakes that are spray painted with bright colors or with bright flags attached. If the land is bordered by two roads, be sure the potential buyer knows this ahead of time. Mark any other boundaries so they can clearly see where the property begins and ends.Offer Easy Buying PlansIf you’re able, offer owner financing with easy terms when you sell vacant land. If you’re willing to work with buyers, you might actually sell your land for more and enjoy a fast turnover. The key is to make the vacant land lot attractive and offer financing the buyer can’t resist. For buyers with less than perfect credit, this can be a lifesaver. Hint: Run a credit check on the buyer, leaving a little room for imperfections. Beware of those buyers who are behind on utility bills or rent, or who have excessive debt (especially credit card debt). For vacant land rentals, follow the same procedure and offer attractive rental options that the buyer feels comfortable with. Cater to their individual needs so you both can come out winners. If selling or leasing unimproved property, you might even offer to pay some toward clearing and preparing the land.Vacant land sales and rentals can also target farmland needs and timber needs. Some land owners “milk” the benefits of their land by selling timber first and then selling the land lot later. Some owners lease their land to farmers. If you’re not sure how to find prospects to buy vacant land or to rent your lot, check online for helpful resources. There are some great websites to help with property sales and property rentals no matter where your vacant lot is located. The possibilities are endless, and you can use an online real estate listing service to make the process even easier!

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Check out these Vacant Land images:

Vacant Land in Slavic Village


Image by Wayne-BTV
One of the aims of the Re-Imagining Cleveland report is to develop hundreds of community gardens, along with larger urban farms, which might eventually supply one-quarter of Cleveland’s food needs. For more, see my report at: www.circletheusa.com/2009/04/cleveland.html

Creative Commons: Attribution Non-commercial No Derivatives. Please credit photo as follows: Wayne Senville, Planning Commissioners Journal, www.plannersweb.com

Houston Third Ward Vacant Lot


Image by jonathanvlarocca
Vacant lot in Houston which I’m considering as a site for one of my "produce" factories

rental tennancy trap


Image by earthsharing australia
why such high rents when vacant land and buildings abound?

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Posted in Vacant Land | Comments Off

Check out these Vacant Land images:

Vacant Land in Slavic Village


Image by Wayne-BTV
One of the aims of the Re-Imagining Cleveland report is to develop hundreds of community gardens, along with larger urban farms, which might eventually supply one-quarter of Cleveland’s food needs. For more, see my report at: www.circletheusa.com/2009/04/cleveland.html

Creative Commons: Attribution Non-commercial No Derivatives. Please credit photo as follows: Wayne Senville, Planning Commissioners Journal, www.plannersweb.com

rental tennancy trap


Image by earthsharing australia
why such high rents when vacant land and buildings abound?

Houston Third Ward Vacant Lot


Image by jonathanvlarocca
Vacant lot in Houston which I’m considering as a site for one of my "produce" factories

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Cubicles: A Novel

New from the Blackboard-bestselling author of When All Hell Breaks Loose: When some old secrets make office politics spiral out of control, three women will have to decide how far they’re willing to go to climb the corporate ladder.At first glance, you couldn’t find three women more different than Margaret, Faulkner, and Joyce. Margaret is almost sixty, devoutly religious, and getting ready to retire from her job at Meridian Southwest. Faulkner is a young go-getter who really wants to land a position in upper management. And Joyce is a domineering, immaculately dressed middle-aged woman who’s moments away from receiving a top executive appointment.But something just doesn’t seem right with these three. Isn’t it strange that Margaret and Joyce have worked together for more than twenty years but barely even speak? Why is it that the more Faulkner tries to impress Joyce with her hard work, the more Joyce seems to hate her? Who can explain why the management position for which Faulkner is the best qualified applicant remains vacant? And why is James, the department intern, always smiling about something?Over the course of a few weeks, Margaret, Faulkner, and Joyce are unexpectedly drawn together as a tangled web woven decades earlier begins to unravel.

Price: $ 0.99
Sold by Barnes&Noble.com

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