Three Reasons Why Land Ownership Is a Wise Investment

You work hard for your money, so it makes sense that you would want it to be stored in a safe place— or better yet an investment you know will become more profitable in the long run. There are lots of ways to invest, and each of them fluctuates in value depending on the behavior of their particular market.

Some people purchase stocks in an ever-changing market, others invest in the bitcoin industry, and others still invest in plans for their futures, like retirement plans.

But have you ever considered the benefits of land ownership?

Here at SRC Land, we want to help you understand the hidden potential of property investments so you can decide if purchasing land is the perfect type of investment for you, your family, and your financial needs.

1. Property is a secure and limited resource

When you purchase your own property, it’s usually impossible for it to be destroyed or stolen. Nobody can just come up, take the land, and run. This makes property ownership an investment you don’t need to worry about losing. 

There’s also an extraordinary amount of open land right here in Harlingen that’s available— but it won’t be forever. Property is not an infinite resource; nobody can build more of it. This means that your land will be valuable in the future whether or not you build on it. If anything is for certain, someone else may want to build there in the future, making it something that will always be in demand.

2. Land ownership is inexpensive

If you’re interested in investing in land ownership, and you find a lot for the right price, that initial purchase may be all the money you need to put into the investment. Unlike renting an apartment or paying off a home with a mortgage, buying land outright allows you to avoid fees and monthly charges. 

Another benefit of owning vacant land is that insurance and taxes on that sort of property are generally pretty inexpensive. Essentially, once you complete the purchase, you’ll have yearly charges, charges that are insignificant in comparison to the price of maintenance needed on a rental property that has tenants who need to be checked in on and monitored for monthly rent payments.

3. You have options regarding how to use your land

Investing in vacant lots can provide you with many options for how you strategize and turn a profit. First, you can divvy up the land and sell the portions to local developers who are looking to build. This is the fastest option, but it usually relies on an increase in the worth of the land since you made your initial purchase.

Second, you can build on the land on your own. This option can be costly and is likely to bring with it additional fees, but building on your property almost always adds value to the lot. 

The last way to make a profit off of your property investment is to hold onto the property until you see an increase in the value. Once the value reaches an amount that makes sense for you, you can sell the land. This final choice is one for investors who are in it for the long haul and willing to maintain their land until they figure that it’s time to sell. 

SRC Land Can Help You Find the Perfect Lots for Sale in Harlingen

Land investment is similar to any other kind of investment: there are both pros and cons. Doing your research on certain aspects of the land in Harlingen–aspects like the timeline of investment, price, and its value–can help you decide if it’s a smart financial choice for you.

 

SRC Land can help you find all of the information you need to know about the benefits and risks of land ownership.

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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.

 

Become A Land Owner Today

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.

Become a Landowner Today

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.

Contact SRC Land Today