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(10 MISTAKES) When Buying Land…

(10 MISTAKES) When Buying Land…

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Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won’t ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I’m not alone in my chain of thoughts.

1) Walk the land
2) Appraise the property
3) Get a survey
4) Wetland
5) Flood Zone
6) Deed restrictions
7) Will the property PERC
8) Water – City water or need a well

9) Talk to the neighbors
10) Get a Title Policy

https://www.youtube.com/watch?v=uNLbPCYBSy4

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