Jakemann Racing

A famous man said to buy it because they don’t make it anymore. He was talking about land. Land may be purchased for constructing a home, held for investment, or other uses like raising trees. It can be a tiny lot in the city or many acres in the country.

I read a few books on my kindle reader to learn how to buy from a private person or go through a Real Estate Agent. I can see enough information on the local MLS (Multiple Listing Service) to find land. Plus, there are plenty of ads in the weekly ad paper and on the net from sellers acting on their own behalf.

I have used many ways to offer on land. I have offered a cash amount plus normal closing costs. This method means the seller knows what his closing check will say when he sells. It eliminates some possible confusion and focuses the seller’s attention on the amount he will receive.

Make sure you use your favorite title company for closing. If you are considering a transaction outside of your local MLS you still need to use a competent title company. Title insurance and others services protect both you and seller. I was introduced to a terrific title officer by a friend when we were shopping for toddler baby bedding.

Between the baby bath towels and shoeboxes filled with papers is a metal lock box. This where I keep the title reports on purchased properties. A record of easements and owners with plat maps and sometimes a survey. All provided by your friendly local title company.

Ensure the land you buy will support your goals. Planning a 2-story home, a rental room over the garage or planting a huge tree may not be allowed under the existing rules. Would you want to buy 50 acres of gorgeous land to find out that all but five is wetlands?

You should check into utilities starting with septic. Will the land support a conventional septic system? Alternative systems may be authorized but cost thousands of extra dollars. Find out where the electric is located and phone too.

The bottom line is to be educated and informed. Consult with local Realtors and other real estate professionals. Talk to your friends and co-workers who may have useful experience to share with you. Ask a lot of questions and make a great deal on land. It’s nice to say that you officially own a portion of planet Earth.