Content

• Steps
• Tips
• Warnings
• What do you need

Buying virgin lands is not as difficult as you might think. It's a lot cheaper than buying a home (with fewer strings attached) and arguably the biggest step towards an independent future you can take. Even in a sedentary place like the United States, you can still find good real estate, especially in the countryside, and you can often find a place for a good price, from three to five thousand dollars per acre on a small plot, and even cheaper if you buy more. However, you will not be able to live on a piece of land, it needs to undergo many improvements. With today's construction costs and the lowered cost of a "pre-built" home, you may be better off finding a finished home or home in need of renovation, or perhaps a home that the debtor can no longer repurchase. Contact your realtor for help, he will show you all the available houses and plots.

While this article focuses primarily on buying land in the United States, a number of laws also apply to land in any other region, with some differences in laws and lending that you will need to study for your situation.

Steps

1. 1 Start a business with an end goal. In order to make the right choice, you need to imagine what you need a site for and how soon you want to start a business. This is especially important if you are buying a land plot on credit. People buy plots for a variety of reasons:
   • Agriculture / Livestock
   • Home construction
   • Investment based on the development of the territory in the future
   • To diversify your investment portfolio
2. 2 Save enough for your first installment. If you take out a loan, lenders may ask you as much as 50 percent for the down payment, although 20 percent is considered sufficient. Alternatively, you can get a loan for a finished home or for your own construction.
3. 3 Decide where you want to buy. This is by far the most difficult step. Buying a site is a big commitment, especially when you plan to develop it. If you have not yet decided where you want to buy, and the price matters to you, browse the Internet.
   • You can search for a large lot at https://lotnetwork.com/ and find what you need anywhere in the country. There are many databases of available parcels of land. These sites will provide you with an overview of different properties and their prices.
4. 4 Select multiple sites to view. Mark them on the map. It is a good idea to mark “more” so that you can drive to one area that is close by and then to the next marked; this way you don't have to go around a lot in one day or spend a day off. br>
5. 5 Call the seller. Prepare a list of questions to ask over the phone. You can of course ask these questions via email, but it's better to talk to the seller in person and get direct answers.
   • Some questions may relate to whether the site has a water source, energy supply or some kind of restrictions; whether the site will pay off; why it is being sold; is it possible to pay the amount in installments; and whether there are already some structures on the site, and are they all legalized.
   • One of the most important details that you need to learn about in the first place is the "presence" of a water source on the site. You also need to know if the land can use a local wastewater treatment system, and if it is located far enough from this facility to avoid contaminating drinking water.
   • The cost of drilling a well and installing a septic tank system will depend primarily on the type of soil, and the final price in the end can vary greatly.
6. 6 Examine the ground. Nothing will clarify your thoughts as well as inspecting the sites to determine what exactly you need.You will immediately understand what attracts you and what you don't want. Walk around the site, take some photos, find the boundaries of the site, and look at things like buildings and streams or wells.
   • View all buildings on the lot or on an adjacent one that crosses the line of your lot.
   • Check to see if there are any roads or outbuildings that neighbors use to access their property, or that they can use to get to yours.
7. 7 Stay in a tent overnight at the site. This will help you understand the daily rhythm of the territory and neighbors, as well as movement, - if after 24 hours your enthusiasm for the place does not disappear, imagine that you will live on this site for 24 years. You've got to be absolutely in love with it, and then some, before you’re ready to buy.
8. 8 Meet with your neighbors. Just knock on doors and ask them questions about the site you are interested in, about its history, etc. Neighbors will be an invaluable source of information. Remember that you will be living next to them if you make a purchase, so make sure you can tolerate their daily conversations.
9. 9 Explore the site using the internet and your phone. Get your tax ID number and see how this lot was last valued and why it was last sold. If there is a well, look when it was dug and to what depth - this information is always recorded in a government office. Look at the site plan (this is a map of the country showing all the boundaries of the sites) - are there large areas near yours, will there be a minimum development or a lot of minor buildings? Call the county courthouse to inquire about building codes and if any development is planned on the site. Learn everything you can about the area's climate, economy, history, and more. - there is a surprising amount of such information on the Internet. Be sure to pay attention to past natural disasters such as floods and wildfires.
   • If the site was once used for agriculture, there may be pesticides or fuel leaks from tanks into the soil.
   • Plots located in the coastal zone often require additional permits and create additional restrictions. They are also at increased risk of flooding.
   • Find out how expensive it will be to lay utility networks. If the network already passes through the main gate, it usually costs less than if the network has to be laid some distance, but the rules differ depending on where your site is.
   • On the other hand, if you prefer to be more independent, or the network is extremely far away and / or too expensive, it will be cheaper for you to invest in solar panels and wind turbines for the short term (and certainly for the long term).
10. 10 Check the area of ​​the site. You usually pay for acres, so if the area is exaggerated by 20 percent, then you will overpay 20 percent.
    
    Many people in the cities assume that lot boundaries lie perpendicular to the road and go to stone walls, but this is usually not the case. In fact, "broken lines" and other fancy property boundaries have become commonplace. Ask a developer to measure the site or hire a surveyor.
11. 11 Make an offer. If possible, create your own contract, or copy and use the contract from the public property purchase book.
    • Offer the lowest possible amount for land that doesn't sound offensive. The lower the price you bid, the more leverage you will have if the seller goes to the meeting.
    • Typically, properties are sold for 85 percent of the original asking price. This does not mean that you cannot buy it for less, not just that you will pay even more.
    • You cannot be attached or feel hopeless.You must be ready to leave the site. Remember, there are thousands of other parcels of land besides this - thousands. The cost of the land is arbitrary - your goal should be to pay the minimum. Thus, you will have money for the development of the site!
12. 12 Negotiate. If the seller makes a counter offer, do it and expect the "golden mean".
13. 13 Hire a third party to negotiate a contract and make sure everything is right. This is especially important if the owner pays for the certification of documents.
    • An insurer is cheaper than hiring a lawyer. And from the moment the contract is signed, the seller will share the cost with the third party.
14. 14 Control all unforeseen expenses - such as property control, inspections, etc.n. If everything is confirmed, you can close the deal, and the site will become yours. Do everything for this!

Tips

• Take a satellite photo of the site to see how much land is open, how much is planted, and what other properties are nearby.

Warnings

• Don't expect good tax breaks; you cannot calculate the depreciation of virgin lands.

What do you need

• Internet for study
• Transport for examinations
• Proof of ownership and information on outbuildings, etc.
• A list of what you want to ask the agent and the seller. Hire a local realtor who is familiar with the prices in the area and can provide you with details of properties that have recently been sold. Absolute ownership will be paid by the seller, so it won't cost you anything!