Land Bazaar

Every single day of the year land is being sold at wholesale prices on the Internet. The Internet has made it easy for owners of land to sell their parcels and many offer their land under retail value for a quick sale. The Internet is also full of sellers who own land and don’t know the real value of their land. I have seen parcels being sold for as little as 20% of their real worth!

By purchasing land online you can gain land at wholesale prices thus gaining instant equity. Additionally, you can have enough room to sell that land at a discount to another party and still make money. Cash is king, so the more you have, the better deals you will get. However, even if you have little cash, you can still get super deals on land with owner financing.

What to look out for.

As with anything in life, there are some risks associated with buying land online. However, you can reduce or practically eliminate your risk by doing some common things. First, make sure the seller is going to issue you a WARRANTY DEED on the land you are going to by. Do not accept a quick claim deed. Ask your seller if the title has any liens, judgments, or back taxes. Sometimes the answer is yes. This is not a bad thing though. Simply figure in the amount owed into the purchase price. Many times a seller will lower the price of the land to move it before more penalties are assessed.

Many times sellers won’t have pictures of the actual lot for sale, but the general area. This normally happens with parcels that are cheaper because the seller might not live in the area and it is not financially viable to travel there to take a picture. When this is the ase, make sure the place exists first and then do some research on the area. For example, go to a search engine and type in the county, city, subdivision, or other data that is identifiable like a lake.

Finally, ask the seller what the taxes and HOA fees are, if applicable.