Want To Purchase Recreational Land? 4 Things You Need To Know
Posted on: 29 March 2021
Recreational land is land that is designed to be used for having fun. Recreational land is usually rural land that you can use for outdoor activities such as riding ATVs or hunting. However, purchasing recreational land is a little different than buying a home or commercial property. Here's what you need to know.
1. Work With a Qualified Land Broker
When you purchase recreational land, you will not want to work with a traditional real estate agent that you would go through to buy a residential property. Instead, you are going to want to work with a land broker. A land broker will help you find land that meets your needs and will help ensure the zoning laws and legal restrictions on the land work with your needs. A land broker understands the complexities that come with purchasing a large property.
2. Always Check on Legal Access
When purchasing recreational property, you want to make sure the land comes with an easement that allows you to access the property. If the land lies between two other pieces of property, you will need an easement to access the property.
If an easement isn't necessary, you still need to consider how you will access the property. For example, you may need to pay for a road and utilities to be installed so you can access the property. Make sure that you can afford to pay to access the property.
3. Always Check for Liens
Liens can be placed against the property, not just homes. Before you make this purchase, it is important to work with a title company to see if there are any liens on the property. Often, liens are placed on properties when property taxes are not paid. If you don't check for liens and get title insurance, you will be obligated to pay the liens even though you didn't incur the debt.
4. Research the Value of the Land
It is essential to research the land's value to ensure you are not overpaying for the property. With land, not all sellers put the right research into pricing, which is why you will want to research what other parcels in the area are selling for and consider if the property will appreciate over time.
When looking at recreational land, you need to work with a qualified land agent. When you find a property you like, you need to research its value, check for liens, and verify there is a way to access the property. It takes research and time to find the right recreational property to meet your needs. Contact a company that helps with recreational land for sale for more information.
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