(7 Land Facts) Most People Fail to See
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- Опубліковано 30 вер 2024
- Know the Facts Before Buying Land. In this video, Wayne shares with you exactly what needs to be addressed when buying land. All it takes is one mistake to cost you thousands of dollars.
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BUYING LAND:
Buying land can be one of the most exciting and daunting decisions you make, but it doesn't have to be. Before embarking on this journey, there are a few things that you should consider in order to ensure you make an informed decision.
First of all, it is important that you thoroughly research the region where the land is located. Knowing about climate change, weather patterns and understanding natural disasters such as floods or earthquakes can all help to paint a picture of what kind of conditions this parcel of land may experience over time. Additionally, finding out about local zoning laws and building permit regulations will also give insight into what you can legally do with the land.
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DISCLAIMER The contents of this video are for strictly educational and entertainment purposes. This video is not intended to provide financial, accounting, tax, or legal advice. For financial or legal advice consult with financial advisor or lawyer.
1- Survey
2- Walk the Property
3- Talk to Neighbors
4- Know your Flood Zones
5- Title Search
6- Sewer and Septic - Connected to city water
7- Due Diligences
watch the video....the devil is in the details and not in these 7 bullets
Nice.
Love the fast-paced, straight to the point, style of this video. Great info Wayne.
Thank you my friend!
I have a question, you said it’s good to invest in land but some counties make you clean your field for fire hazard purposes, but sometimes you don’t live near the property and the government do it himself and charges you very much money and if you don’t pay they keep your property what can you say about that?
Look for easements, land restrictions, garden, livestock, hoa. Building a fire. Collecting water.
There is a septic system called a mound system if the property doesn't perk. But they are a lot more expensive. Than a regular system.
In my area you don´t have time to "walk" a property it´s instantly sold. 😀
Land is hugely popular right now all across the country.
Appreciate the video. Ive seen quite a few of yours recently. Im looking into buying a family property in MS. Never was apart of the plan but dont want to see it go away. Besides the tips given any suggestions about clearing the property? Do's or don'ts?
ive always wondered if there is a difference in the cost to build and the appraised value of the home upon completion, will the bank give you a mortgage for the appraised value allowing you to pocket the difference similar to the way you could pocket the appreciation of your home by refinancing? we built my friends house for $179k, appraised value ended up being somewhere around $380k. ill have to ask him but id think you'd be able to pocket that difference granted your mortgage will be higher than it could be, it'd still happily take out 100k of that instant sweat equity to set aside for mortgage payments and buying furniture and other stuff
Howdy 👋 Wayne
Very good information. Thank you.
I would like to know if there is a right of pre-emption in the United States of America, such as "farmer status". I am from Slovenia, EU. I buy land often and I'm also a farmer. In our country, when buying agricultural land, regardless of the set price, priority is given to neighboring farmers, farmers and so on. When buying forests, priority is given to the one who owns the forest closer to it. Even among farmers, there are different pre-emptive rights. It is also intended to combine land into larger areas.
If the farmer does not compete for the agricultural land or forest, the seller can sell the land to anyone. The price of land in our country is increasing. In recent years, by approximately 100%. The current price of agricultural land varies between 2 - 5 euros m2.
Really good stuff. Make sure you will be allowed to build if that is what you want. Local building codes and setbacks are not common sense anymore.
can you talk more about getting a land loan converting to a construction loan and then to a mortgage? i would like to finance each part of a house project
I'm in Florida trying to buy commercial land, this is helpful
Would it be possible to get a porter party instead of a sewage system?😢
There are many options. An outhouse, a composting toilet, and even one that burns to 💩
Great info
Seems like anyone ive spoke with regarding land is never this optimistic about it but that’s exactly what i want to do
Thanks for watching! Let me know if I can help answer any questions for you
Oh this really helpful....so much to know ...
You the man Wayne! Learn so much real estate knowledge from watching you! Thank you
Ty for helping out us little guys ty
North of where I live in Alabama, there is a county in Tennessee that fetches $50,000 to $100,000 per acre for big acreages.
You say in your videos that you can refer us to usda loan folks
Hi Wayne have you felt with Veterans in the construction to perm option.
as usual great video
Thank you.
Thank you for your kind way to let everyone know about buying the property
I think there are septic options even if the land won't perk, aren't there? I know someone who's land wouldn't perk and instead they put in a sewage treatment system of some sort. Maybe you could talk about that on an upcoming show.
Really helped making my next purchase, thank you sir
Thanks for watching! 🙏
Great as usual......
Thank-you sir
Thank you for watching!
I love your videos. Thanks for producing consistently valuable content. Side note: can you slide the books to where we can see the whole title? I always enjoy seeing what exceptionally successful people are reading in their personal time. Are those books your favorites or recent reads? Thank you sir!
Yes, I’d be happy to share those with you!
I have an Amazon storefront with a list of all my favorite books- www.amazon.com/shop/therealwayneturner/list/3H17AHWYS8XA1?ref_=cm_sw_r_cp_ud_aipsflist_aipsftherealwayneturner_CGTZQHKEJG455T5GA2EJ
Naaa dude’ 😂
Talk….to the property
Incredible video! Always looking to be better for my clients!
I am seeing Pending Feasibility on zillow for soms lands i aksed one if them and seller realtor replied me general feasibility, what does it mean for WA kingcounty ? What is a feasibility while we are vuying a land ?
I love LandGlide. It’s a great app. And AcreValue
Thanks man, trying to buy some land right now to open an outdoor shooting range with my brothers. Looking into getting a RD loan. Any advice?
That's awesome! RD can only be used for your primary residence. Where are you located?
@@TheRealWayneTurner madison indiana.
@@Max-cq7ni Do y'all already have a Realtor helping you locate the property?
@Wayne Turner no. I'm opening it with my 2 brothers, and I'm waiting on him to get back from Taiwan.