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Learning More About Real Estate

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.


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Learning More About Real Estate

3 Things You Should Do Before Buying That Ranch Land You've Been Dreaming Of

by Nathan Olson

Are you getting ready to purchase a piece of ranch land to move on to? Here are a few things you should do before actually buying a piece of ranch land for sale that you're interested in:

Get the Land Surveyed

One important thing that should be done before committing to your purchase of ranch land is to have the property professionally surveyed. Doing so will help ensure that you have a clear understanding of where the property lines are, and whether there are any easements to worry about that would allow neighbors or others to access your property for any reason.

A land survey will also help you identify where underground power lines, plumbing pipes, and septic equipment is located so you don't accidentally disturb anything when building or landscaping on the property later. The survey will also indicate whether all of the structures that might already be on the land are legal. If not, you'll have time while waiting for your land purchase to close to figure out whether to update the structures to bring them up to county code or tear them down and start over again.

Find Out About CC&Rs

Your ranch land may come with covenants, conditions, and restrictions (CC&Rs) depending on the neighborhood it is located in. If there are CC&Rs that you'll be expected to meet, it's crucial that you thoroughly read through the legal documentation that outlines each rule and regulation that residents must follow to continue living in the neighborhood.

Your CC&Rs may limit the type and number of animals you can keep on your ranch land at any given time. They may also require that your home be a certain size or color. And there might even be rules about how your property is to be taken care of throughout the year.

On the other hand, your CC&Rs can be simple and include a very limited number of rules designed to simply keep the peace in the neighborhood. So get a copy of the CC&Rs before you apply for a loan to buy prospective ranch to land so you can be sure that you'll be able to follow all of the rules and regulations as time goes on.

Get to Know the Neighbors

It's also a good idea to spend some time getting to know the neighbors before deciding whether to purchase a prospective piece of ranch land. While your ranch neighbors aren't likely to be very close by, you will rely on them in times of need as they will you. And your children may end up spending a lot of time together.

So making sure that you can get along with your neighbors before moving to your ranch land will help make the transition easier and less stressful overall. Bake some muffins and take fill baskets with them to take to the immediate neighboring ranches. The muffins will help break the ice and let your neighbors know that you want to be an active part of the community.