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Archive for April, 2012

How To Find Cheap Land For Sale

Wednesday, April 11th, 2012

There are a few things you should do before investing in any real estate, cheap land, acreage, property etc. in the United States. The first thing is to make sure you’re getting title via a General Warranty Deed. This is the highest and best form of title transfer! If you purchase property whereby you only receive a Special Warranty Deed, well you’re most certainly “getting what you paid for”……which isn’t much.

The second thing you should always do is get title insurance. It is meant to protect an owner’s or a lender’s financial interest in real property against loss due to title defects, liens or other matters. It will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.” That’s pretty well stated, but simply, it’s just piece of mind knowing that someone else will help you fight for, and also pay for, protecting your property title should a problem ever arise.

Then you should simply check out the area. Contact local real estate companies and ask them what other similar properties are worth in their opinion. Or check out their listings to give you an idea what they believe they’re worth. There are real estate agents out there that will take that knowledge and either buy it out from under you or go directly to the seller and get them to sign a listing agreement, so the agent can make a commission of the sale.

Often times cheap land for sale is really a good investment, especially if title is transferred through a General Warranty Deed and Title Insurance is available.

Just remember, do your own “checking it out”, or due diligence. If everything is on the up & up, go ahead and buy that cheap land.