When buying land, it is imperative you keep a few things in mind. Not all lots are the same, and some can have features that can become very expensive to deal with. In our latest post, we give you our top 5 things to watch out for when buying land in Arizona. (Keep in mind, we do quite a bit of research on each property before we post it to help you find the right piece of land for your needs.)
Buying land is a bit different than other real-estate purchases. There is less data to go off of and fewer experts to work with. Southwest Land Deals is a land expert in the southwest, and we can help you whether you are looking to buy or sell land. Here are just a few things to do before you buy.
1) Working With People Who Aren’t Land Specialists
While most real-estate agents can help you buy many different types of properties, you will want to make sure work with a land specialist when buying undeveloped property. We have a solid understanding of the environment, the area, how to access the property, any nearby developments, and great developers to work with if you choose to build on the land.
2) Make Sure Your Financing Is Set
As with any big purchase, you’ll need to have your budget and financing in place before you buy. Many land transactions are done in cash and tend to close quickly. However, if you don’t have that kind of payment available, we offer owner-financing. And since we’re a smaller, family-run business, we can give our clients flexible terms and payment options.
3) Environmental Impact
It is not uncommon for people to buy a lot with the assumption they will be able to build, only to find out that it isn’t possible. Depending on where you live, there are protected animals and plants, that if found on your lot, can immediately prohibit all development. In some cases, you can be prohibited from building if the animal is found nearby. Other things to consider are bad soil and relation to flood zones. If the dirt is sandy, or not capable of holding a structure up, you might have a problem. We encourage all of our clients to do a little homework before they buy. That said, we also do quite a bit of legwork before we list a piece of land, and we’re always happy to answer any other questions you may have.
4) Easements
Easements allow others to have access to parts of your land for their convenience. This might be for utilities or if a neighbor needs the ability to cross your land to access theirs. Before you buy, learn about what, if any, easements are in place on the land you wish to purchase. Also, if you’re interested in a more remote property, you may need to secure an easement to access the lot. These are all things we can help you find out.
5) Restrictions On Future Development
If you want to buy Arizona land for development, you probably have a good idea of what you want to build now. But what about down the road? Maybe you’ll want to add an addition, such as a pool or a shed. You don’t want to buy and develop a property only to find you are limited on what you can do with it. We have properties of all sizes with all different kinds of zoning regulations.
Before you buy land in Arizona, make sure to do your homework. Work with local trusted professionals such as Southwest Land Deals to ensure you are dealing with knowledgeable land professionals.