Bust These 4 Common Misconceptions About Land Values With SRC Land

When looking into land values in 2020, it’s no surprise that they can vary. Given the state of the current health pandemic we’re in, it only makes sense for the value of certain properties to fluctuate.

Several factors have created an uncertain market for land values such as an economy stuck in limbo and a stock market following suit, new land and trade laws, along with an unclear prediction of how the rest of this year will play out. Despite this, it’s imperative to have a good understanding of the concept of land values, especially if you’re thinking about purchasing property. 

Let the property professionals at SRC Land set the record straight on the most common misconceptions about land values for sale in Texas.

#1: Land Values Reflect the Stock Market

It was once a general rule of thumb that land values reflected the stock market. Over the years, however, this hasn’t been the case. There are numerous factors that affect the value of land in Texas, including natural disasters, local and national laws, commodity prices, rate of return, and more. While the stock market can be a good indicator of what direction the economy is going, it can’t be the primary factor you turn to for verifying land values.

#2: A Higher Demand for Crops/Livestock Means Higher Land Prices

This is not necessarily true. Even when a particular crop or type of land is in high demand, there are various outside factors that can keep the value of the land from increasing.

Even the highest quality land can be hit by forces outside of the land owner’s control. For instance, if you were a landowner in the forests of East Texas and the area was deep into a drought, this could harm the land value even when the demand for forest productivity–something that would increase this particular land’s value–is high.

#3: Decreases in Land Values Mean All Land Values are Suffering

While the majority of land markets are interconnected, there are many types of land that may thrive, even while others are doing poorly. For example, a drop in hunting can lower recreational land values.

While landed used for recreational activities like camping or ATV-ing hasn’t lost its appeal or popularity on the market, it is crucial to also take hunting into account when evaluating the overall land value.

#4: There’s No Guaranteed Way to Predict if Land Values Will Go Up or Down

Looking at the state of today’s land values, it’s natural to view them as unpredictable. While this holds some truth to a certain extent, there’s one surefire way to indicate what can increase the value of a property, and that is whether people move into the specific area surrounding the land. As the population rises in a given region, the demand for land will also typically increase. This boosts the desirability and price of the property. 

Let SRC Land Be Your Guide in Finding the Perfect Piece of Land

Land values can be complex. They can be tough to track, but understanding the common misconceptions about land values might give you a better idea of the value of your own land.

The best way to learn more about a property and its value would be to seek an experienced land consultant that knows the in’s and out’s of the local market while also taking the dozens of separate factors into consideration.

 

Don’t let misconceptions keep you from becoming a landowner. Contact SRC Land today to start your journey.

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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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