How to Secure Your Down Payment for Land

Deciding to invest in commercial properties in Harlingen, Texas is an excellent choice and one that the staff at SRC Land supports entirely. Land ownership in Texas is an increasingly profitable investment, and thankfully, there are basically unlimited ways to profit from purchasing commercial properties in Texas.

Residential properties, on the other hand, also make a great foundation for your American dream in the state. No matter what your reasons are to consider beginning your land ownership process, the expert team at SRC Land can help.

The first step in purchasing more property is ensuring you have enough money to make an initial down payment. Typically, this is just a percentage of the entire cost and will be used to help you finance the payment in full over time, so it is important to make sure you’re in a place that’s financially sound for acquiring more property. 

1. Reference Your Financial Portfolio and Savings

While you may be surprised by how much you already have saved, it’s important that you check all the assets you have including certificates of deposit (CD), money markets, saving accounts, and other funds you may have in financial institutions. You may not wish to spend the entirety of your savings on a property purchase, but your available funds and assets should help you determine if taking this big financial step is right for you.

2. Sell Unneeded Valuables and Hold a Garage Sale

Take a look around old storage spaces in your house, like the garage, attic, or crawlspace. You’ll want to find big-ticket items that you can sell for a profit, anything from an extra vehicle not in use anymore to spare pieces of jewelry laying around.

While it may be hard to part with some of these items, selling them can help you reach your financial goals to purchase property. Advertise for a garage sale in your community, and set a date to try and get sell some of the items you find and are comfortable selling. 

3. Join Online Selling Platforms

If you want to take a more virtual approach to earn some extra money, there are websites like Letgo and Poshmark where you can open an account on to sell products laying around your house that you aren’t using as regularly. In addition to clearing up space in your home, you can work your way to getting even closer to having sufficient funds to purchase a new property. 

4. Team Up With a Family Member to Save

If you have a person in your life who you trust and you would like to share your new property with, work out the details of the payments and ownership before moving forward with anything else. This can be an excellent, if often overlooked, way to acquire new property. This method can help you and your loved one expand investment options as well as your assets. 

5. Take the Owner Financing Route

It is common for property buyers to work with sellers on paying off the overall purchase of the land. This is especially helpful if for some reason you can’t get a loan to help with the purchase. Owner financing is a way for those without credit or with poor credit purchase land by allowing them to seek financing directly from the property owner.

This process bypasses the usual red-tape associated with traditional lending and allows lenders and borrowers to negotiate terms more directly. While it may not be a possibility with every lot distributor, SRC Land can help you purchase the lot of your dreams through a seller financed mortgage.

SRC Land: Making Land Ownership a Reality in the City of Harlingen

Our team at SRC Land is committed to helping you weigh out your different options when it comes to moving forward with this new purchase. Follow these steps, take stock of your assets, and let us know how we can help you pursue your dream of owning new residential or commercial property in Texas.

Looking to purchase land in Harlingen? The road to land ownership is one call away.

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A Little Property Spring Cleaning Can Do You Good During COVID-19

Our team at SRC Land knows the number of days sheltered in place from the COVID-19 pandemic has taken a toll on us, but with spring halfway through, what most people feel like doing right now is getting outside and breathing in the fresh air, all the while maintaining a safe distance from others and following government guidelines, of course.

Since there are few places to go right now where everyone may feel at ease, we compiled a few tips on how to use this spare time to do a little spring cleaning of your property, or if you’re up for it, give yourself time to think of new projects, big or small. Tackle these tasks and enjoy the outdoors by beautifying your newly-purchased property today.

1. Assess Your Plan for Gardens and Landscaping Projects

This may seem like an obvious place to start for spring cleaning, but it’s a step that can often be overlooked. A good way to stay organized on all the different projects you may want to achieve is by drawing up a map of your land, one how it is currently, and then going back and adding any renovations you’d like to make. 

These changes can be as simple as repaving a cement pathway you already have, adding new fencing that has worn down during the last few seasons, or maybe deciding where to put your vegetable garden.

2. Spruce Up What’s Already There

Any trees or bushes that are starting to look overgrown may be in need of some pruning. If you are removing weeds or cleaning up a flower bed, you may want to use scissors instead of pruners since they’ll be gentler and more precise. By the same token, make sure you are edging your garden for that nice, sleek look on your property.

This can also be an excellent time to get rid of extra debris on your property that blew or fell on to it. Grass health is one of the most impressionable elements a property can have, but if yours is covered with dead leaves and twigs, it’s unlikely the grass underneath is getting the amount of sunlight it needs to thrive. Place the refuse in an appropriate, large trash bag, and then, check with your local trash pickup service to see if they can pick up the bagged refuse.

3. Protect What You’ve Planted

There are few things more discouraging than investing many hours in yardwork, particularly new flowers or plants, and then seeing that rabbits or other animals have destroyed them within a week or so. In addition, local wildlife like our long-eared friends can dig up holes all over your yard, affecting its overall look. By putting up some discreet fencing around your yard, garden, or newly planted flower beds, however, you can mitigate the risk of animal visitors coming by for a snack on your hard work.

For pesky plants like crabgrass, herbicides are known to be helpful in keeping them from growing where you don’t want them to, and as always, whenever using chemicals on your property, research the product’s brand online and follow the instructions closely to keep your lawn, yourself, and others safe. When in doubt, a little elbow grease (pulling them out by hand) can go a long way.

Any property owner’s favorite part of spring cleaning is completing the tasks and then being able to look out on the work they’ve done with a sense of pride. This is just one of many things you have to look forward to as a property owner, and if you aren’t one yet, SRC Land has a great number of lots for you at an affordable price.

Lots for sale in Harlingen for a great price. Get started on your family legacy today.

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