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In general, there are three kinds of land you can purchase, and this determines how much down is required, as each requires its own kind of loan: Raw Land Loan: Raw land is when there is no development: no sewers, no electricity, and no roads. Raw land can be very expensive to develop.
If the owners are trying to sell by means of their own resources -- a sign or classified advertisement, say -- it is still wise to keep a buyer's agent on hand. Factors that affect sales price were noted in the previous installment: the presence of easements; distance to utility connections; and environmental circumstances, for example.
It documents ownership, vesting, and detail regarding anything recorded against the home, such as liens, encroachments, or easements. The legal description The legal description is everything you won't see in any real estate agent marketing or advertising. Easements.
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