Finding A Good Piece Of Land Is Easier Than You Think
All land investors out there know that one of the most important skills required to succeed in this business is having the eye to discern a good piece of land from a bad one. You’re not, however, going to learn this skill overnight. You must first educate yourself on the basics of investing in land. If you’ve already done that then you can begin the search for a great piece of land.
Finding a good piece of land isn’t the easiest thing in the world to do, otherwise everyone would be a land investor. If you were in the market for a new air conditioner or blender, you would go to a top product review site like GuideNerd to find the best brands and models of whatever home appliance or gadget you wanted to buy. Finding a piece of raw or vacant land, on the other hand, unfortunately isn’t that simple. But I will tell you exactly why it isn’t as hard as most people think it is. There are many methods of finding land that you or any other normal person can take advantage of at almost any time of the year.
The best way of finding raw and vacant land with good investment potential is to drive around an area that you are interested in. This is obviously a time tested method of finding land. If you take a little bit of time to explore an area, you will undoubtedly find some lots for sale.
Plus, if you are interested you can take a closer look since you’re already there. If there is a ‘For Sale’ sign, most owners will be happy to show the property to a prospective buyer; just knock on the door.
Another great way of finding land is to hire an agent. Real estate agents aren’t as bad as most people think they are. They will work with you to find exactly what you are looking for. Contrary to popular belief, most agents do not charge a service fee. They make their money by finding land for you and then working with a broker to get the sale done, then the agent will take about 1/4 of the commissions required by the broker. If you are not experienced in finding land, an agent might not be a bad choice.
You could start finding land online. There are plenty of real estate websites all over the internet. It just takes some time to figure out which ones are reputable enough so you can actually use them for finding land. We recommend that you start with Zillow, Trulia and Redfin. Bid4Assets is another good site to find land, especially cheap land, as they conduct hundreds of “$1 no reserve” auctions weekly.
Some people are even finding land to invest in on eBay. Ebay is an auction site that allows you to sell off almost anything that you own. If you are looking to invest in land in a populated area, there may be some great deals on eBay, take a look.
A great way of finding land is simply to look around in local newspapers. Many newspaper have a great classified section; just go to the section titled real estate. If you live in a larger area, your local paper may even have a separate publication devoted strictly to real estate.
There are many methods of finding land to invest in. Just make sure that you are getting into a purchase that you are comfortable with and never move too fast. Take time to educate yourself about what you are doing, then use these methods to really get out there and find some good land.
If you’re new to all of this, do not be afraid to ask for professional help. Many first timers finding land seek the aid of a real estate broker or agent; it might not be a bad idea for you to do the same.