Tag: buy land

DON’T expect a conventional loan when buying land.

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Banks and lending companies shy away from loaning money for bare land and lots because they can’t sell those loans on the secondary mortgage market to financial entities such as Fannie Mae. If the bank can’t sell your loan, they can’t recoup their money, which means the bank is at risk if you decide to … Continued

The Do’s and Don’ts of Buying Land

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Finding your dream home isn’t easy. You’ll spend a lot of time to scouring online listings, attending open houses and scoping out neighborhoods – and you may still come up empty-handed. Maybe your dream home just doesn’t exist yet. In this case, building a home on a vacant piece of land may be the perfect … Continued

5 things to know before buying land

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  When Lex Luthor in the 1978 Superman movie classic began buying seemingly worthless land in the Nevada desert as part of his evil plot, he was right about one thing: people will always need land and they’ll (sometimes) pay through the nose to get it. But just because somebody is willing to sell you land doesn’t … Continued