If you are kicking off your home construction effort by looking for the perfect land to build a dwelling on, the first thing I suggest is to not rush into it. There are great properties available everywhere, and nowadays it’s a buyer’s market. If you want the best property, you should either be ready to pay top dollar or wait for the right thing to come along cheap. I suggest the cheap approach when looking for land to buy.
In my humble opinion, the first step in finding bargain real estate is to find a realtor that is trustworthy. If you don’t know one, try querying some other professionals around you for tips. People, like lawyers and financial advisers, that you already have an ongoing relationship with may be the first person to ask. They should have realtors that they work with, and your lawyer or financial guy won’t want to suggest someone incompetent because it will reflect poorly on themselves.
Discuss with the realtor your ideal property and your spending limit. Usually, they can even set up some automatic scripts that will send you mail when new properties come available. Depending on the area and the size of their company, a realtor may even be able to get you info about land before it makes it to the MLS.
Yeah, you can look for land on your own, and I suggest that you definitely do this. MLS listings are great, and just about every realtor website has searchable MLS listings. Use them often, because even if you’re not finding exactly what you like, you will be training yourself and learning exactlly what you definitely do not like.
There are some places you might not think to look to find real estate for purchase. Check CraigsList.org for the FSBO ads. Sometimes you can find a great deal there. Interestingly enough, you can find land auctions on eBay, too. On the topic of land auctions, there are websites out there that specialize in land auctions. The are often specific to a geographical region, so search for land auctions in your region. Sometimes these auctioneers also list their postings on Craigslist and eBay, and that’s a way you can find your nearby sellers.
Come up with some sort of routine for checking back with these resources (realtor, ad websites, auction sites, etc.) every so often. There are plenty of other things you will want to educate yourself about along the way, so while you’re waiting for your dream property to build your own home on, start learning how to build house. Once the perfect parcel of land to buy is available to you, you can get to work on figuring out how you will build your dream house.

Comments