If you’re thinking about buying land, you have a couple of options. You could try to acquire raw land by watching for it in a listing service and buying through an agent, or you could buy vacant land for sale by owner directly. In this blog post, you’ll read about 3 reasons why you should buy raw land from the owner directly.
Reason #1. More Variety
If you buy raw land through an agent, you’re stuck with whatever land the agent can find, which they’ll usually find by accessing a listing service like the MLS. This severely limits the amount of raw land that you can choose from.
However, if you change your perspective and start looking around for vacant land for sale by owner, you’ll have so much more land to choose from. In fact, you might be surprised at the amount of choice vacant land available to you!
Reason #2. Faster Purchase
If you take the “wait and see” approach to buying vacant land only through an agent, you’re going to be stuck with whatever land is listed. Sure you might get lucky and find raw land right away but you’ll often end up waiting months for the “perfect” investment to come along.
However, if you take a different approach and buy vacant land for sale by owner, you’ll have the confidence to move off of the limited listing service and instead find land owners yourself who are eager to sell their land but who chose not to list. That way, you can find more properties, faster.
Reason #3. Seller Financing Might Be Available
Buying land through an agent usually means the selling agent will require proof of funds and will demand that you have a mortgage or cash in place before you buy. This can severely limit how much raw land you can buy at one time.
However, if you invest in vacant land for sale by owner, you often have a greater amount of choice when it comes to financing. In fact, you might even be able to get seller financing directly from the seller. (This won’t always be the case but it’s far more likely when you buy from the owner directly).
Many vacant land investors don’t want to get caught up in all of the annoying hassles and hoops that they have to go through in order to buy vacant land through a real estate agent. They’d rather just buy the land and start using it or developing it the way they want to. If that describes how you want to invest, then buying vacant land for sale by owner might be the right choice for you.