Five Perks of Buying Land in Texas

Besides the rolling hills in Central Texas, vast fields of green in East Texas, and majestic mountains in West Texas, there are five other perks of purchasing land in Texas.

If you’re searching for land for sale in Harlingen or another Cameron County town, SRC Land can be your helping hand with their experience in decades of real estate and land development.

1. Property Tax Exemptions

When you purchase land in Texas, you may be eligible to qualify for a wildlife,  agricultural, and/or timber exemption. These exemptions can minimize your yearly property taxes significantly. The exemptions are given for land that’s utilized for agriculture, including for pasture and grazing land, timberland, and wildlife preservation. 

2. You Can Write Off Exemptions

Another financial advantage when it comes to buying land in Texas is that you may file a Schedule F in your federal income taxes. This applies to people who use their land specifically for farming.

What’s great about Schedule F is that it enables you to write off expenses assigned via farming, such as interest on a loan taken out to buy your land. On top of that, if you were to build on your property, you might be able to claim the interest on the construction loan in your federal income taxes.

3. You Can Invest and Profit Off of Your Land 

If your intent of buying land in Texas is to start your own business, you will discover that there are a plethora of businesses you can get into that you can’t in other states. You can consider opening an inn or bed and breakfast if your desire is to provide unmatched hospitality services, or you can go for a more rugged approach by opening up a hunting lodge and/or camping grounds. Whatever profitable venture you wish to achieve with the land you purchase is only limited by your imagination.

4. Financing in Your Favor

The majority of people aren’t in a position to raise the necessary funds to purchase land with only one payment. People that look to buy raw land also encounter an obstacle due to the fact that banks and other conventional lenders do not comprehend how this market works. One reason is that they may not have ways to accurately figure out the value of land as it is.

If you’re looking to buy land in Texas, you may borrow from lenders who finance the purchase and development of rural land in Texas. Certain financing companies are landowners and farmers who understand the necessities and difficulties that come with looking to buy land and engaging in agribusiness.

5. Extremely Affordable Rates

Getting the funds to buy land can be a challenge. The good news is buying land in Texas is very affordable. While rates from one area to another differ, generally speaking, purchasing land is a practicable investment that is far more affordable than buying or constructing commercial buildings.

Simple, Affordable, and Seller-Financed Land in Harlingen

If you’re looking to purchase land in Texas, you will not find better deals than those provided by SRC Land. We are a premier land development company, and we take pride in our affordable parcels of land available for sale in Cameron County.

 

If you’re searching for real estate in Cameron County, you can count on SRC Land to find the right place depending on your needs today.

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5 Reasons to Invest in Property in Cameron County

If you’re looking for a smart way to invest or a beautiful place to live, we recommend looking for real estate in Cameron County. There are lots of reasons to consider Cameron County, from its cost of living to its inviting atmosphere!

If you’re looking for land for sale in Harlingen or another Cameron County town, SRC Land can help with their decades of real estate and land development expertise!

1. The Results Are In!

The results are in, and US News has found that there are lots of things to love about Cameron County! Cameron County ranks higher than the rest of the country in some key areas that fall into three categories: education, health equity, and opportunities.

Education

The high school graduation rate is almost 5 percent higher than the national median, and racial disparity in education is half the national median. Cameron County also blows past the national average regarding Children Meeting Standards in Grade 4 ELA, 73 percent to 52 percent for the nation. Access to public education is also stellar in Cameron County, outpacing the national standard by nearly 10 percent.

Health Equity

Cameron County also ranks well when it comes to health equity, scoring a 3 compared to the national 16 on the Air Toxics Exposure Disparity Score, and falling at a .01 on the Premature Death Disparity Index compared to the national score of .07. On both indexes, a lower score indicates less disparity in health equity between racial groups.

Opportunities

Cameron County ranks .10 higher than the nation when it comes to the diversity of job opportunities in the area. This means that there are a wide number of industries represented in the county.

2. So Many Things to Do

According to Yelp, Cameron County has some pretty great things to do! 

The Sea Turtle is an aquarium located on South Padre Island that has a 5-star rating on Yelp and loads of adorable turtles! Black Dragon Cruises near Port Isabel also boasts a 5-star rating and allows Texans and tourists to live out a pirating adventure!

Bobz World in Los Fresnos has lots of things to do: with mini-golf, laser tags, dinosaurs, and astronauts, what else could you ask for? Maybe dolphins, I suppose, but you could find them nearby with The Original Dolphin Watch or the South Padre Island Dolphin Research and Sealife Nature Center, both of which are in Cameron County!

If you’re done looking at aquatic animals, you might want to spend some time with your furry friends. Well, Dean Porter Park is a lovely, Yelp 5-star park that’s the perfect place to take your dog for a walk or your family for a picnic. Or, if you want to do something a bit more wild, you could go to the Gladys Porter Zoo to see the lions, gorillas, flamingos, and so many more! 

3. Cost of Living and Housing

For the more pragmatically minded, Cameron County has its perks. Most importantly, you’ll save big on the cost of living.

According to the Brownsville Economic Development Council, the cost of living in the Brownsville area is 10 percent lower than the U.S. average, and in Harlingen, the cost of living is a whopping 26 percent lower than the national average.

According to the Harlingen Economic Development Corporation, the cost of housing in Harlingen is 45 percent lower than the national average.

4. Cameron County Has Great Places to Live

Niche uses crime statistics, public schooling, job opportunities, cost of living, and availability of local amenities to determine the best places to live in counties across the country. This information comes from the U.S. Census, the Centers for Disease Control and Prevention (CDC), and the Bureau of Labor Statistics, among other sources.

According to Niche, Palm Valley is the best place to live in Cameron County. Home of the Harlingen Country Club, this part of town has an excellent overall grade of A–which is followed by Rancho Viejo with another A score–but education does rank slightly lower. Harlingen ranks third, and Combes, Laguna Vista, Primera, Los Fresnos, and South Padre Island follow, each of them receiving a B ranking as some of the best places to live in Cameron County.

5. You Can Find Land For Sale in Harlingen with SRC Land

If you’re interested in investing in real estate in Cameron County, you can rely on the expertise of SRC Land to find the perfect lot or home for you. SRC Land’s experts Scot Campbell and Kevin Campbell have over 60 years of experience between them, helping buyers find land they can afford. One key component of that is seller-financing which our company provides to meet our clients needs.

 

If you’re looking for real estate in Cameron County, reach out to SRC Land to find the perfect place for your family today.

 

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Is a Seller-Financed Mortgage Right for Me?

Buying your own land is one of the key ideals cemented into the American Dream, but so many people are barred from doing so because of their credit–or lack thereof. At SRC Land, we believe that everyone should have the opportunity to find there own place to put down roots, and to that end, we provide our clients with seller-financing options for mortgages.

If you’re looking for land for sale in Harlingen but worry you won’t be able to get the financing needed to make a purchase, contact our team of real estate experts today to learn about your options.

What is a Seller-Financed Mortgage?

Seller-financing is a real estate agreement made between a seller and property buyer without the use of a financial institution like a bank. Instead of signing a mortgage with a bank, the purchaser signs a mortgage agreement directly with the seller. Seller-financing is popular option for people who may find it difficult to get a traditional loan. 

The Benefits of Seller-FInanced Mortgages

The primary benefit of seller-financing is that it allows those with poor credit to purchase land. To use seller-financing, a buyer doesn’t have to meet the approval of any traditional lender, making it a viable option for those who may otherwise fail to qualify for financing. 

However, that’s far from the only benefit:

  • Closing Speed —  Using seller-financing helps speed up the purchasing process.
  • Affordability — Seller-financing usually leads to lower costs than hiring a third-party or using a traditional lender.
  • Flexibility — Because there isn’t a third-party to negotiate with, terms can usually be more flexible than those offered by traditional lenders like banks.
  • Short Mortgages— Terms are flexible and often cover a shorter period of time than traditional mortgages.
  • Quick Turnaround —  Shorter mortgages help ensure that you’re protected no matter what happens to the housing market in the long run.

In addition, a shorter loan timeline means more time for you to enjoy your property after the payment process is completed. Seller-financing allows purchasers to fully own their homes within a shorter period of time than the tedious process of paying off a bank would.

Using Seller-Financing with SRC Land

By directly negotiating mortgages ourselves, SRC Land is able to ensure that you get the land of your dreams at an affordable price, regardless of credit. While any major purchase will bring with it a certain level of risk, seller-financing puts the control in the hands of the seller and buyer, rather than a financial institution.

Seller-financing isn’t a well-known option among property buyers, but at SRC Land, we’ve mastered the seller-financing system in order to find common ground between ourselves and our clients. Our clients are our number one priority, and seller-financing allows us to look out for them.

If you’re looking for the perfect lot in Harlingen, the real estate experts at SRC Land can help you find and buy the right spot for the right amount.

 

Call us today to learn more about our seller-financed mortgage options.

 

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5 Mistakes You Should Avoid When Building a Home

If you’ve decided to buy a lot in Harlingen to build your dream home on, you’ve probably noticed there are a lot of pitfalls waiting for you. Luckily, there are also lots of resources available for people looking to build there own homes. 

When you’re ready to put down roots, you’ll need the perfect place to put them, and the property experts of SRC Land can help you find the perfect lots for sale in the city of Harlingen.

 

1. Poor Planning

Poor planning is by far the biggest pitfall for those building their own homes. From budgets to the HVAC system, there are all different sorts of factors that need to be planned for, and each represents an opportunity to incur added costs. Failing to properly plan your HVAC system can lead to moisture and mold growth while failing to maintain a budget can lead to shortfalls and delays. 

 

2. Sub-Par Spacial Design

Spacial awareness is key to creating a functional home design. Unless you are planning to build a massive home, each square foot matters. You’ll need to make sure you have enough storage to account for your family’s lifestyles, and the plan also depends on how long your family plans to stay in the home. Thinking ahead is indispensable considering the size of the investment building a home represents. 

 

3. Lacking Lighting

Technically, lighting could probably also be included under “planning”, but it’s such a common mistake that it deserves its own section. You need to make sure you have plenty of outlets and plenty of light fixtures. Natural light from skylights and windows should be your number one priority in this area as it is a great way to save money from costly electric bills, but we shouldn’t forget about standard light fixtures’ usefulness as well.

 

4. Under-Utilized Rooms

When designing your home, it can be tempting to start adding playrooms, game rooms, or multipurpose rooms; however, this can lead to rooms that don’t actually get used. Spaces like home gyms often end up serving as storage, showing once more the importance of taking your family’s lifestyles into account. One way to avoid this pitfall is to plan rooms that can be transitioned from one need to the next. A sewing room can double as an office, which can double as a guest room, and so on!

 

5. Know Your Needs

Building a home is an exciting prospect, and just about everyone you know will probably have some bit of advice or insight to share. This is great, and these tips can be useful, but you and your loved ones know your needs best. Construction professionals are an especially useful resource, but they can’t determine what your family does and doesn’t need. Your needs are the single largest factor in the decision-making process behind designing a house, and you know your needs better than anyone else.

 

SRC Land: Idyllic Lots for Sale in Harlingen, Texas

Building your own home is one of the greatest joys and experiences in life. It truly is an adventure, but as with any sort of adventure, there may be dangers along the way. Hopefully, this overview will help you avoid some of the common mistakes made by those building a home— or even a business— for the first time.

Before you can build your dream home or business, however, you have to find the perfect lot to build on, and that’s where SRC Land comes in. We have a collection of lots for sale, and we’re confident we can find the ideal spot for you and your family.

Looking for the perfect place to put down your roots? Contact the property experts of SRC Land now.

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