Now that you have decided to invest your hard-earned money in a piece of raw land, you have to decide whether to do it alone or recruit the help of a real estate agent. Here are a few reasons to consider hiring an experienced agent before you start your search:
They'll Do Important Research
Gaining access to important research is an excellent reason to hire a real estate agent to help you buy a piece of raw land. While you will know the square footage and location of the land by inspecting its listing on the market, you won't know whether there are any easements or right-of ways to worry about, or exactly where any utilities have been installed underground.
With the help of a real estate agent, you can learn all there is to know about a piece of land before buying it that may affect your ability to develop or even use it as time goes on. Your agent will also find out whether property taxes are up to date and if not, what payments will need to be made by you after purchasing the land to avoid future penalties.
They Can Negotiate a Better Price
Another benefit of working with a real estate agent throughout the land buying process is having the opportunity to negotiate a better overall purchase price. Your real estate agent will research comparable pieces of land on the market to ensure your offer is fair to the seller while also saving you money. They'll also be able to negotiate things such as closing costs and escrow fees on your behalf. The money you save on purchasing the land can be used to purchase property insurance, or even to invest in fencing or landscaping.
You'll Have Access to Reliable Support
If you're like most land buyers, you'll likely have several questions and concerns about any property you consider buying. While you should be able to have your questions and concerns addressed, it may require working with the county to find records or jumping through legal hoops to gain access to the information you're looking for.
Your real estate agent can do all the necessary legwork for you—just bring them a list of your questions and concerns, and they'll do what it takes to provide you with the answers you need and deserve. And your agent should be happy to provide you with support after you purchase your land, if necessary.
For these reasons and more, it's a good idea to consult with a local real estate agents to find out more about how they can help you buy your dream land.Share