Dirt! As my daddy once told me they aren't making any more land...

Real Estate Broker/Owner with Gwynn Teal Carpenter-Broker: Home and Hearth Realty (Austin)


Dirt!  As my daddy once told me they aren't making any more land...so when you find a piece you really like and at a great price-BUY IT!


Raw land is still a great investment.  If we had a crystal ball we could all get rich if we just knew where to purchase for the next real estate boom!  

Not everyone is aware that to gain financing for raw land takes some extra time.  

Regular lenders or mortgage companies do not lend on raw land.  You must go to a bank, credit union or owner financing to get the loan to purchase the land.

As a buyer starts the process of looking for land, he or she would be wise to contact a REALTOR for consultation.  No fee is charged to help a buyer make a wise decision!


REALTORSknow that purchasing raw land is not just about the financing.  Other important aspects to consider are:

  • Are there any endangered species inhabiting the property?
  • What utilities are available? 
  • Does a septic need to be installed?  Will the septic need to be a specially engineered one to satisfy government agencies, such as LCRA (Lower Colorado River Authority in Austin Texas) or Corp of Engineers?  Is the land able to hold a septic system or must another piece of land be purchased to place the septic system?
  • Will a well need to be dug?  How far down must the well be dug to "hit" good water?  Is there even water below the surface?
  • What permits must be obtained for this particular raw land to have a home built upon it?  How much will those permits cost? 
  • What size home must be built upon the land?  Must the home be completed within a time limit?

Don't go it alone....call a REALTOR today to help.  If in the Austin Texas area make that call to HOME AND HEARTH REALTY, INC. @ (512) 467-6191.




Posted by


Home and Hearth Realty, Inc.



Gwynn Teal Carpenter ... the Realtor with an Austin Attitude - laid back with professional results!

Making real estate fun and exciting in Austin, Texas and the surrounding area. Home and Hearth Realty helps you find your way in the real estate maze. We talk with you in a relaxed informal manner and guide you through the process whether you are selling your home or purchasing one. We work for you, and explain everything in terms you can understand.

Check out my real estate philosophy - www.homeandhearthrealty.com

Austin Board of Realtors and San Antonio Board of Realtors

Questions about real estate, Austin Texas, relocation or anything else will be gladly answered if you shoot me an email to: 


Comments (3)

Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

Hi Gwynn,  Excellent post.  When I list land - even just a buildable lot - I research all of those things so I can answer any questions that a potential buyer may have.  That information also helps in the pricing process.

Jan 12, 2012 01:19 PM
Kathy Sheehan
Bay Equity, LLC 770-634-4021 - Atlanta, GA
Senior Loan Officer

Financing on land has become almost non-existent.  I would definitely recommend an agent to help navigate the process.

Jan 12, 2012 01:23 PM
Gwynn Carpenter
Gwynn Teal Carpenter-Broker: Home and Hearth Realty (Austin) - Austin, TX
: Broker, Home & Hearth Realty (512)467-6191

Susan:  There's been many times I've called asking about requirements for the land and I can see through the phone the "blank stare" that comes over the agent - they haven't a clue!

Kathy:  Lending has certainly thrown a "monkey wrench' into the real estate world and folks don't understand it hurts LAND SALES as well.  Realtors need to know good sources for financing...

Jan 12, 2012 01:31 PM