Buying land in Yuma is an excellent investment choice, but do you know what to look for? In this post, we offer 5 things to be aware of.
Whether buying land for investment or to build a home, you will need to know as much as you can about the land before making the purchase. Below are a few things to look for when buying land. We also always recommend that you have a land feasibility study done before you buy to ensure that the vision you have for the land is a reality. Zoning RestrictionsThe zoning that covers your particular piece of land will directly determine what you are able to do with it. Your property could be zoned residential when many nearby properties are commercial. The zoning may say you cannot build a specific type of property or go above a certain height. When buying land, make sure that the zoning allows you to do what you want to do with the property. Soil TypesThe last thing you want is to buy a piece of land, only to find that you aren’t able to build on it as you had wanted to. Some types of soil are great for building while others are not. Clay-based soils are often more sturdy than lots with a lot of sand. You’ll also want to know if there is fill dirt or if the soil is original. If the land has been filled, you may have to take some extra steps before building. The NeighborhoodWhile land can often be purchased sight unseen, it’s best to get a first-hand look at the neighborhood before deciding to buy there. Does the neighborhood seem safe and like a place you or potential tenants will want to live? Take a drive through the neighborhood at different times of day, so you can get a true feel of what the neighborhood is like. What is looks like during the day may be wildly different from how the neighborhood feels at night. If possible, talk to a few neighbors you see while out and about so you can get their thoughts on the neighborhood and building in the area. You will learn a lot more from locals than you will from your real estate agent. Future DevelopmentWhen buying land, it’s important to know what is happening in the area. Are there homes being built? Retail and dining? New roads? All of these things will have an effect on your property value. Check with the city to find out about recent permits and plans that are in development. This will help ensure you are buying land in an area that makes sense for you. If a neighborhood is up and coming, it may be your chance to find a diamond in the rough, turning it into something big! Clean TitleYou’ll need to check the title for the land before you buy it. You don’t want to find out later that someone else has a claim to the land. Make sure the land is free of liens and that the person selling it has the legal authority to do so. When buying land , it’s important to conduct a feasibility study to ensure you have all of the information you need about a piece of property. This will help you to make sure that everything you have planned for the land can actually become a reality. The feasibility study will let you know what to prepare for and what you are getting into so you can guarantee the success of your investment. Thinking about buying land? Get in touch with us first! 602-806-7899
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Buying land can be confusing so here are the 3 most valuable questions to ask before buying land!
Do you own this property?Yes, really! You want to make sure that the person you are buying this property from has clear title to the property. They should be able to show this to you and provide it via the County Assessor website, or, they should be able to furnish a copy of the notarized Deed showing they purchased this from the previous owner. Are there any back taxes owed on this property?What taxes are owed on this property? When you buy a property, you are inheriting any back taxes, liens and encumbrances! You want to be sure that there are no back taxes on the property. This can be checked at the County Treasurer website by entering the APN or parcel number. Do you offer a money-back guarantee on this purchase?Many land sellers have a policy of all sales are final. My purchases have a 30 day money back guarantee on all sales. If you don’t love the property, I don’t want you to have it! I offer both a 30 Day Money Back Guarantee as well as a 1 Year Land Exchange Guarantee. Those 3 questions are a great START. You should always feel comfortable asking about the acreage, zoning and any other questions on your mind! If you ever have any doubts you can always email me directly at jim [at] landsforyou.com – I am here for you! Video TranscriptionHey, it’s Jim from www.landsforyou.com. Just want to shoot you this quick video. Just some tips on buying land. I had someone who just bought land from me recently and he had asked a couple of good questions and it got me thinking… what are some of the things you want to consider before you put down your money and you buy something from someone? Just a couple of things to keep in mind, these are kind of the most important things. The first one, most importantly, you want to make sure that the person that you’re buying this land from actually owns it.So you can ask them first for a copy of the latest Deed so that you know that what they’re selling you, they actually have the right to. Another thing that’s super important is, if they can’t produce that, sometimes the counties are… they’re really behind on recording stuff. What you can do is you can check the County website itself. A lot of times you’ll find it there or if they have that copy of that last deed, you can call the County Recorder’s office or Assessor’s office and they’ll be able to validate for you that what you’re buying is actually being sold to you by the person who’s selling it, super important. Another thing you want to consider… Just waving hi to my daughter. And another thing that’s super important, you want to make sure when you’re buying land, you don’t inherit any back taxes.If you buy a property, you’re inheriting everything that’s on that property, meaning the back property taxes, liens, encumbrances. Anything that’s wrong or banged up at the property you’re going to be getting. So check the county treasurer’s website, put in the parcel number and make sure that you’re actually buying a property with no back taxes on it. Super important, super easy to do. The person you’re buying it from, they should be telling you that and they should be able to produce that evidence for you in no time. Hang on one sec. Okey-dokey. Got my daughter here. Third thing, probably most important thing. The thing that can really save you. You want to make sure that you’re buying land with a guarantee.So whenever I sell land, I always have a 30 day money back guarantee. You lose your job, you get cold feet, whatever. I don’t care, it’s fine. Just tell me and I’ll give you your money back. And I got the testimonials to prove it. So make sure if you buy land, the person isn’t just going to take your money and run off. They’re going to actually stand behind it for at least a month. She’s making fun of me! But those are the three most important things. Just off the top of my head. Just want to share that with you. Make sure that the person selling it to you actually owns the land first and foremost. Second of all, there should be no back taxes and verify that. And then the third thing, make sure you have a guarantee just for your own peace of mind. And she’s got my glasses, so I got to go. All right, talk to you soon. Bye. |
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February 2021
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