It’s a common belief that you need a realtor’s help to buy raw land. But do you really need one? Hiring a real estate agent is helpful, but it can also be very expensive, and it can become a significant commitment on your part.
The good news is you don’t need a real estate agent to start your land ownership journey. Read on to get expert tips from SRC Land on how to buy land without a realtor.
How to Buy Land Without a Realtor
To buy a property without a realtor in Texas, you need proper research, some knowledge about the law, and good negotiation skills. Here’s the process you can expect to follow if you want to buy land without help from an expert:
1. Do Your Research
To find available land for sale in Texas, you’ll first need to decide on your preferred location. Once you know your preferred location, research the market. Here are some ways you can conduct your search:
- You can check real estate sites online and local resources like newspapers, community bulletin boards, and county websites for the listings of available land.
- You can also visit the area to get opportunities firsthand, like ‘For Sale’ signs or information from locals.
- At this stage, you don’t need to worry about finding the perfect land to buy. It’s best to have a couple of options to consider.
2. Conduct a Legal Background Search
Researching the land’s legal status will help you confirm its ownership status and reveal anything that can legally affect you in the future. This includes things like:
- Conducting a Title Search– First, visit the land registry office where the land is located. Then, check the state’s record to be sure that nobody has any legal rights over the land that can affect your rights to it.
- Evaluating the Zoning Laws– Another important factor to consider is the zoning laws that affect your land. Confirm the zoning laws that affect your property, the regulations that govern the area, and whether you can use the land for your intended purposes.
- Getting an Attorney– You can also hire a real estate lawyer to help you navigate the legal aspect of your land purchase process. Your attorney will evaluate the laws governing your land and review your contracts and other documents to ensure legal compliance and protect your best interests.
3. Prepare Your Budget
After getting different land prices from your research, use the information to prepare a budget for the amount you intend to spend on your land purchase. This will give you a price you can refer to and stick to when negotiating with sellers.
4. Negotiate With the Sellers
After checking your options, contact the sellers and present your offers to them. Then, you can negotiate the prices, closing costs, terms of the sale, and other details. These negotiations will help you weigh the offers against your budget and help you make an informed decision.
5. Get an Appraiser
You can also get a land appraiser to evaluate the land and determine whether you’ve gotten a fair price for the land you want.
As you can see, the process of buying land on your own can be complex and difficult. The good news is that you have other options. You can buy land with help from a Texas land developer.
Why You Should Buy Land Without a Realtor
Before we discuss the reasons why you should consider buying land from a land developer, we’ll review the reasons to consider skipping out on partnering with a realtor to buy land. There are several key reasons to consider buying land without a realtor:
Saving Money
When you buy property without a real estate agent, you can save the money that would have gone into commission fees and other realtor-related expenses. This gives you more funds to spend on your land development process.
Personal Involvement
Buying land without a real estate agent makes you directly involved in each step and gives you more control over your land purchase. This reduces the need to rely on your agent for updates on the negotiations.
Negotiating Power
You will be more free to negotiate your offer as you discuss it directly with the seller. This increases your chances of getting a better deal that covers your needs.
Why You Should Buy Land from a Texas Property Developer
Buying land without a realtor can be difficult, but it doesn’t have to be. You can buy land with help from a Texas land developer to streamline your land-buying process. Here are some of the many benefits of buying vacant land from a Texas property developer:
1. Get Affordable Prices
A key advantage of buying land from a property developer is their relationship with landowners, which can provide great negotiation opportunities that fit within your budget.
2. Get Land Ready for Use
With a real estate agent, you get raw land that needs a lot of work before it will be fit for use. Property developers develop the land before sale to ensure that it’s ready for your use.
3. Get the Right Zoning
Your property developer will help you check the local zoning laws for your land and make sure you get what you need. If the zoning doesn’t suit your purpose, your property developer can help you adjust it.
4. Get the Right Utilities
When buying land, you’ll need to consider the utilities available on the property and any additional ones you might need. This can be difficult to evaluate, but the good news is that a property developer like SRC Land can help you determine both. An SRC Land developer will assess the land, figure out the utilities you need, and prepare your land for use.
5. Get Professional Help
A property developer will provide necessary information about your property like the ideal location for your project, the local zoning laws, and the best purchase price available. They can also help you evaluate the purchase agreement and make sure the terms are in your favor.
6. Buy Land With No Credit Check
If you’re worried about getting a land loan from the bank to purchase your land, a property developer from SRC Land can help you buy your land with no credit check. Owner financing allows property developers to make sale agreements directly with buyers.
Get The Right Texas Property with SRC Land Today
With a property developer that prioritizes your interests and meets your land needs, you can buy affordable land in Texas that is perfect for your project.
Property developers have a better grasp on the potential a lot has to offer, compared to realtors who often only buy and sell raw land. From conducting thorough research to helping you save money, there are many benefits to buying land from SRC Land developers.
