Questions you should ALWAYS ask when Buying Land

Is the property surveyed?
With a surveyed parcel, you'll have greater assurance that the acreage will be exactly what you contracted for, and the boundary lines are properly shown on the survey map. Without a survey, you can only guess at the number of acres and the exact boundary lines.

Is financing available?
Financing on unimproved land is sometimes difficult to find, especially on property that's located out-of-state. It's not unusual for banks to require a down payment as much as 50 percent of the total purchase price.

Is Title Insurance available on this property?
Title Insurance is a guarantee that, in the event of title disputes, the insurance company will attempt to correct the problem, and if unable to, they will defend your right to title.

Is the title to the property clear?
The title should be free of "liens, easements and encumbrances." Look for property on which 'clear title' is guaranteed with a Warranty Deed.

What services are available in the area?
The answer to this question should directly relate to your use for the property. Be sure you know all services provided by local government or public utilities. Obtain estimates of costs for wells, septic systems and utility extensions.

What are the current taxes on the property?
We all wish taxes were lower, especially when we're buying property for the long run. Low taxes help reduce carrying costs. Taxes usually relate to services provided by the town, as well as the tax structure of the state. Make sure you understand what the taxes are.

What are the zoning and/or deed restrictions on this property?
Each state, county and town follow different regulations regarding subdivision and zoning. It's VERY important that you understand what uses are permitted or not permitted on any given property, in order for you to decide which parcels meet your requirements for use.

For more information visit http://www.BuyAndSellNorthIdaho.com/

Key Cost Factors to Consider for Purchasing Land

Land ownership is within your reach. Away from population centers, a sizable parcel of real estate is a definite asset. Accurately assessing your financial capabilities, your lifestyle and your goals are essential to making the right buy.

Four Important Considerations:
Property very close to a popular vacation area or a major city is expensive. A property's location will determine its price, and may be a factor in how much property you can actually afford to purchase. You might want to consider purchasing property further away from a major city, ski area or lake in order to maximize your investment dollars.

If you're looking for a home site, consider both potential values AND privacy requirements. While one or two wooded acres will provide privacy, a better buy might be a larger area of land. For example, your cost per acre on 10 acres will probably be much less than the cost per acre for just a single acre or two. However, finding 10 acres on a lake may be next to impossible.

Make sure your property will support what you want to do with it! There's nothing more frustrating than learning you can't use your property as intended, therefore making it literally worthless for your purposes. Inquire about zoning and deed restrictions, building codes and any other requirements before you buy. (See the next section for more information.)

Want waterfront property? Buy now! Waterfront properties are quickly becoming the finest things money can't buy. Riverfront and lakefront properties are becoming difficult, if not impossible, to find. Even properties with small ponds, brooks and streams are becoming less abundant, and therefore the demand for desirable parcels is increasing quickly.

Visit http://www.BuyAndSellNorthIdaho.com for more information.