It’s Tax Season! Why Reinvesting Your Refund On Land Is a Smart Move

If you’re fortunate enough to live in South Texas, you know spring is one of the best times of year to enjoy all the great things the region offers, including acres of sprawling land, limitless potential for creating a bright and happy future, and great outdoor amenities for hobbyists and nature lovers.

Since April is tax season, and as many Americans anticipate refunds, why not consider putting your hard-earned money to work for you and invest in land in beautiful and thriving Harlingen, TX? If you’re like most Texans, you’ve probably taken a road trip once or twice in your life and spotted great land opportunities, sometimes away from the hustle and bustle of the busy cities.

How many times have you dreamt of owning property to start living a life of leisure and comfort, away from many of the big city distractions? The Rio Grande Valley offers incredible land opportunities, and below we’ll discuss why investing your tax return on a land purchase could be one of the smartest moves you make.

Vacant Land Is One of the Most Overlooked Financial Strategies Around

While you’ve probably spent time dreaming about owning land, chances are if you haven’t already purchased, it’s probably because you have questions about the process.

Ask any financial expert and they’ll tell you vacant land is one of the most overlooked real estate investments in the world. Tracts of land actually have the potential to produce serious cash flow for their owners.

One of the top reasons to consider purchasing raw land is that if you don’t have plans to develop it immediately, there’s really nothing that needs to be done to it. Once you’ve found the property you’ve always wanted, you have time to map out your future and earning potential.

Whether you choose to buy and build on the lot for your family, or as an investment property to earn income down the road, the beauty of land buying is you always have control of your future.

Seller Financing Opens the Door to Unlimited Income Potential

For many, purchasing a home can be an overwhelming endeavor. And when it comes to buying land, many of those same buyers could be hesitant because of the ways traditional banks do business.

On the other hand, a less than strong credit history could be the only obstacle standing in the way of your future.

Seller financing is a great way to enter into the real estate market with easy and affordable terms that are an ideal solution for those who have poor or bad credit. Land experts can walk you through the seller finance process, and potential landowners also have the ability to have a say in negotiating the terms.

Harlingen, TX, Offers the Best of South Texas

It goes without saying that owning land is an exciting opportunity and one that can pave the way to the life you’ve always dreamt of.

If you have your heart set on enjoying great climate, friendly neighbors, and above-average schools for your kids, look no further than Harlingen, TX! With a population well under 100,000, Harlingen offers small-town charm with the appeal of big city conveniences.

The affordable cost of living and the sparse suburban feel means you can experience a sense of community, while still enjoying your privacy. How many places can you think of that allows you to experience the best of both worlds?

With a strong sense of culture and heritage, Harlingen is an ideal place to call home and raise a family. Just 20 miles away from the Gulf of Mexico, and a stone’s throw from Matamoros, living in Harlingen is a passport to the cuisine, the artisans, and the culture of Mexico.

Affordable Lots and the Trusted Land Experts at SRC Land

For more than 20 years, SRC Land has given people reason to dream. Offering affordable seller finance land opportunities, we make the process of land buying simple and reasonable for everyone, regardless of poor or bad credit.

Put Your Income Tax Refund To Smart Use and Invest In Quality, Affordable Land in Harlingen with SRC Land!

Contact SRC Land Now

Buying Land for the First Time? Here’s Where to Start.

Thinking about the things you and your family need in a dream home should be centered on excitement and enthusiasm. If you find yourself stressing about things like nearby neighbors, HOA concerns, or even the amount of space you’ll need to grow your family, buying land will likely be the smartest solution.

Whether you’re looking at lots in Harlingen to build your next home, or want to secure the ideal property for future investment, the process of buying land is a great opportunity to reap big rewards now and in the future. But as with any major purchase, going into it well-informed can help you avoid headaches and hiccups in the process.

What New Land Buyers Need to Know Before Purchasing Land

Now that you’ve decided to buy land, it’s important to understand the scope of your project will depend on various factors. Establishing and sticking to a budget will likely help the process flow more easily, and if you’re buying land in order to build your home, you’ll need to consider all the working parts that will be involved to make your vision a reality.

Take into account the fees, permits, the cost of purchasing desired land, the cost to build your house, and the cost for making adjustments to the land to access water and utilities, if not already included in the lot. These costs will help give you a realistic sense of your budget.

In addition, you’ll want to find an area where zoning laws won’t pose a challenge to land buying for your dream home. Some areas may include restrictive zoning rules, including building size and what types of homes can be built on the site.

Then, you’ll want to look at the land’s soil and elevation to ensure it won’t prevent you from building, digging a well (if needed), or running electricity and natural gas. Lastly, making sure the land is free of environmental problems or liens on the property are concerns that may need to be addressed, so hiring professionals can help you assess the issues you may not be familiar with.

Finding the Right Land in Harlingen and the RGV Region

If you’re looking to settle down in an area that offers a range of amenities and continual growth, you’ve probably already concluded Harlingen has much to offer. Working with a trusted land expert can be a big help in your search for land for sale in Harlingen and neighboring communities.

Land development companies like SRC Land in Harlingen will offer a range of options for you to choose from, while helping you each step of the way in determining what tracts of land will make the most financial sense for you and your family.

Land experts such as SRC Land make the buying process simple by offering financing options to fit your needs and budget. You’ll also have the chance to take advantage of seller-financing options if your credit history is less than perfect.

Securing a Land Mortgage

If you’re not in a position to purchase your land with cash, financing will offer the next best solution. Be advised that not all land development companies are created equal and you may be turned away. If you have experienced challenges in trying to secure financing from traditional lenders, seller-financing services can simplify the land buying process.

Seller-finance terms take away the worry of looking to a bank loan to fund your goals, and it also adds in quite a few additional benefits. For instance, you’d be able to save some money on closing expenses, have a say on the conditions of the loan, and pass on the necessity to qualify with a loan underwriter.

With all kinds of lots in Harlingen, Texas, SRC Land has no problem in helping you find exactly what you’re looking for, all at a price you can afford.

SRC Land offers new land buyers affordable lots in Harlingen. Learn more about our easy seller-financing options and how you can be on your way to owning your dream property today!

Contact SRC Land Now

Is Buying Land and Building a Home Cheaper Than Simply Buying An Existing House?

Property ownership is an exciting time at any point in life. The vision of creating a comfortable and inviting home, and the pride of ownership are some of the various reasons to take the next step toward buying real estate.

With so many great opportunities available, especially in today’s hot market, a logical question for buyers to ask is whether buying land makes more sense than purchasing an existing home. Rest assured that today we’re going to look into some of the reasons you should consider when exploring land buying options and answer some common questions regarding the process.

The Difference Between Buying Land for Building a Home and Buying a House

Loan structure is among the more significant differences when deciding whether land or an existing house is the right choice for you and your family.

Mortgages offer a range of options to suit needs and budget; however, land loans may offer a lower down payment if a buyer has a great credit score. In instances where an individual’s credit score may not meet a lender’s standards, prospective land buyers could take advantage of seller financing terms.

Seller financing is similar to a mortgage, but instead of borrowing money from a lender or bank to purchase real estate, a buyer will make payments directly to the real estate owner, or seller, until the purchase price is paid in full.

This benefits buyers in that securing funding through a traditional financial institution is eliminated, and buyers and sellers work together to negotiate a transaction without necessarily including credit score as a qualifier.

If a buyer is in the position to do so, one of the benefits of purchasing land with cash is that the amount for the land can be used as a down payment toward a construction loan when you’re ready to build.

Lenders can also include your land purchase within your construction loan in certain cases. Speaking with a land specialist will help you evaluate your options, while a financial advisor is able to work with you to assist with asset liquidation or arranging finance options.

Great Reasons to Buy Land

2021 has so far opened itself to a competitive housing market, with homes being snatched up faster than ever before. New home sales are quickly selling before builds are finished, and older homes may not be appealing to first-time buyers given the problems that may come with older construction.

The current housing market makes purchasing land a more appealing choice and affords you the possibility of creating a home based on your own specifications. Regions including South Texas offer great rural land opportunities amid gorgeous landscapes and away from the restrictions of homeowners associations.

Buying land also offers great privacy options and less intrusion from nearby neighbors, and lets buyers receive more space to create a dream oasis for their families. Other benefits include:

    • Low Entry Price (i.e. buyers enjoy the benefit of buying vacant land at a less expensive price than an improved lot)
    • Greater Flexibility
    • Minimal Carrying Costs
    • Long-Term Appreciation
    • Significant Appreciation Potential

What to Consider When Buying Land

The first step toward determining buying land for building a home is gauging your budget.

Buyers will need to factor in construction costs and additional costs including permits, fees, land adjustments, and if needed the cost of running water, sewage, and utility lines to the home.
A land expert will offer critical guidance to best understand the steps needed to move forward and make sound financial decisions regarding your investment.

SRC Land: the Right Land Development Company You Need to Help You Build Upon Your Dream

Finding the right land means more than envisioning a spot to build your dreams on. The land experts at SRC Land offer affordable lands across South Texas, including lands and lots available in Harlingen, and make the process of buying simple and reasonable for anyone who have struggled to secure funding with conventional lenders.

We work with everyone regardless of credit and enable first-time landowners to live their dream of buying land in Texas. With large acreage sites, and great inventory to choose from, your path to ownership is within reach.

Get to know more about our easy seller-financing options and get started on the way to owning your dream property today!

Contact SRC Land Now

 

Tips for Avoiding Making Costly Mistakes When Buying Property

According to industry experts, the primary reason for buying property is the pride of ownership. Who doesn’t dream of one day owning land and building a home for their family?

Buying property is the most important investment you can make to ensure stability and security for your family’s future, and it’s important to know how to avoid mistakes once you decide on making a purchase.

SRC Land is committed to making your dream of owning land a reality. Below you’ll find a few suggestions for how you can avoid making costly mistakes during the land buying process.

 

Avoid These Mistakes When Buying Land

1.Be Realistic About What You Can Afford

The prospect of owning land is exciting for everyone, but prospective owners should be cautious when determining how much they’re willing to spend on a piece of property.

When you begin the process, it’s important to have a budget, and to stick to it. First-time buyers should set realistic goals, including finding a loan that offers comfortable monthly payments.

A mortgage affordability calculator is a valuable tool to know your price range and to better understand a figure that makes the most sense for you.

2.Check Your Credit Reports

Take a look at your credit reports and make sure there are no errors that may need correcting.

Different mortgage lenders have different requirements, but banks and financial institutions will look at your credit score closely to determine whether you even qualify for a loan. It’s important to review your scores for accuracy, and it’s easy to do so by requesting a free credit report each year from the three main credit reporting bureaus.

Consumers have the opportunity to dispute errors found and potentially fix the problems that may be preventing them from securing a mortgage loan.

3.Find the Right Source for Funding

Fortunately for buyers, there are several funding options for purchasing land. From a conventional bank or credit union to seller financing, prospective landowners have a number of options to make their dream a reality.

While credit scores may determine whether or not you qualify for a mortgage loan, don’t assume this traditional style of lending is your only opportunity for buying land. When you look into as many options as possible to find the best funding sources to meet your needs, you’ll avoid locking yourself into a financial commitment that may not benefit you in the long term.

4.Inspect a Property Ahead of Buying Land

Have the property you’re interested in professionally inspected.

Never purchase land before knowing what you’re going to get and look closely at the features that will determine how you intend to use the land. Before you buy, important factors to keep in mind should include: access to the property, the area’s topography, neighbors’ use of land, and whether the land is in a flood plain.

Hire a surveyor to show you the property lines to avoid inaccuracies that can ultimately cost you money.

5.Find the Right Agent When Buying Land

Not all real estate agents come with the same level of experience when it comes to land transactions.

Buying land is different from buying a home and you’ll need someone who has prior experience working in land transactions when you decide to move forward. Finding a qualified land professional is easy if you use helpful resources including an agent listed with the Accredited Land Consultant (ALC) Designation.

6.Ensure You Sign Up for the Correct Insurance Policies

Once you decide to purchase land, protect your investment with the right insurance policies. A land consultant will help you determine the best policies for your needs, and may help you understand which additional policies may best suit your situation. Common types of policies for landowners include:

        • Title insurance
        • General liability insurance
        • Property insurance
        • Crop insurance

 

SRC Land: Owner Financed Properties Available in Harlingen

SRC Land offers the best selection of land tracts for customers in Harlingen. We’ve worked with families in our community for over 20 years to ensure everyone has a path toward land ownership. Through our owner financed lots, we offer access to low down payments and affordable monthly payments regardless of bad or no credit.

 

SRC Land offers you the best in seller financing properties and provides an easy pathway toward owning your very own piece of land.

Take the First Step Toward Land Ownership

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