Looking to buy vacant land in the Southwest? Great deals on Arizona land are out there. It just takes a little digging, a dash of unconventional thinking, and looking beyond traditional real estate listings. But if you know where and how to look, you can find land for below market value. In this post, we share some of the more effective ways to find great deals on Arizona land. (Hint: if you’re reading this on the Southwest Land Deals site, you’re already way ahead of the game.)
1) Work With a Land Seller
Going through a land broker, like Southwest Land Deals, is an ideal way to find great deals on Arizona land. They deal exclusively in parcels of vacant land, a lot of them, and have a great many listings. Another plus is they have already researched or even purchased foreclosures, which means they will have cheap properties for sale. They also offer many cash deals where the price is substantially reduced.
2) MLS Search
Another way to find great deals on Arizona land is the Multiple Listing Service, or MLS, which is a collection of property listings from various real estate brokers across the country. But you need to know how to use it to find the great deals. Finding the great deals with the MLS depends on properly deploying search criteria. Most online real estate search platforms list, by default, “most expensive” first in the yielded search results. What you should do, then, is to set the search criteria to “cheapest first” before running your search. It’s simple, but it works if you do it right.
3) Foreclosures
Although some people steer clear of them, bank-foreclosed properties can often be worthwhile good deals. You can find out about foreclosures in your area by talking to local real estate agents. What’s great about foreclosures is that banks are in the business of lending money. They don’t have the interest, time, or resources to become property managers. This means that banks are often willing to negotiate and offer substantial discounts to get a foreclosed property off their hands and the deal off their books.
4) Craigslist
Where’s the first place many people go when they want to buy or sell something? Craigslist, of course. And it still works for real estate. You can, of course, use the straight-up method of advertising that you’re looking for real estate to buy within a certain price range or search ads for properties for sale. Utilize all the search features you can to scroll through ads for the area in which you want to buy. As most of the Craigslist land ads are FSBO, you have some room for negotiating on the purchase price.
5) Driving Around
One final way to find great deals on Arizona land is to just hop in your car and start driving around to locate potential properties in local neighborhoods or maybe in neighboring towns. Look for distressed or vacant properties. Once you’ve found some possibilities, you can contact the owners by phone or mail and make an offer. And the great thing here is that these owners, as evidenced by the condition of the properties, are likely to be motivated sellers.