After finally saving up enough money to use as a down payment, I decided that it was time to hit the market. I met with a lender, got pre-approved for a loan, and then started visiting different properties. However, I quickly realized that I didn't know as much about real estate as I would have hoped. I wanted to find a great neighborhood and know what to ask the professionals, but I could tell that I needed a little help. To point me in the right direction, I started working with a great real estate agent who was familiar with the area. This blog is all about educating the general public on real estate matters.
Whether you're buying land with the plan to simply own it and not develop it at the moment or you're eager to build your dream home, you should always start to process by hiring a real estate agent. Instead of attempting to find the right land yourself, leave this search up to a trained professional. He or she will get an understanding of your search criteria and present you with some suitable options that you can go and visit together. In addition to saving you the time and effort of conducting this search on your own, here are some benefits of hiring an agent for this pursuit.
Knowledge About Future Developments
The last thing you want to do is buy land without knowing what could be around it in the future. When real estate agents assist you in this search, he or she brings knowledge about zoning, developments, and other things that could persuade you or dissuade you from purchasing a piece of land. For example, if you're thinking about buying a residential lot that has open space beside it, this can seem favorable — until your agent learns that a condo is planned for the lot next to you. Armed with this information, you won't have to risk making a regrettable purchase.
Help With Severing
Many people who wish to buy property want to be able to sever it in the future. Cutting your land into multiple parcels will allow you to sell some of them to partially offset the amount that you've paid for the entire lot. Your real estate agent can provide insight into this matter. Typically, finding out if a property can be severed can involve lots of phone calls and emails with your local government, which can be frustrating. Agents will often have contacts within the appropriate government branches to obtain this information quickly on your behalf.
Access To Environmental Assessments
You should never buy land without knowing the details of an environmental assessment performed in the area. Failing to use this vigilance could result in you buying contaminated land, for example, and facing a lengthy and costly legal battle afterward. Your real estate agent will be able to easily pull any environmental assessments that have been done on the land so that you can make an informed decision about buying the land. If an assessment hasn't yet been performed, your agent can contact the right people to get the ball rolling.Share