How to Make a Reliable Land Buyer Offer

Reliable land buyer offer can be more complicated than purchasing a house, and many buyers require special approvals or conditions to purchase. With careful consideration and key insider knowledge, signing that deed can be a smooth and rewarding process.

Often, land-buying mistakes come from ignorance or lack of experience. It’s crucial to evaluate an offer based on more than just the numbers, and to know what your maximum budget is based on. Generally, land-buyers should aim to buy at or above the property’s market value. It’s also important to understand what you can and cannot compromise on, and respect your limits.

Reliable Land Buyer Offers You Can Trust

In some cases, a land seller may be tempted to take advantage of unsuspecting homebuyers by offering a low-ball price. These offers often originate from investors known as wholesalers, who submit offers on scores of properties each month with a shotgun approach. These investors typically have little interest in doing any real research on a specific tract, and are only interested in getting multiple properties under contract to minimize their risk of a deal falling through.

In most cases, serious land buyers will carefully assess the value of a property and arrive at an appropriate number through a variety of methods, including comparing comparable sales prices in the area and county. Buyers should also consider contingencies for environmental tests, septic system permits and land surveys before making a final decision to buy. Any serious seller will include a detailed description of the property in the sale agreement, so homebuyers can be sure of what they’re purchasing.