Question 1# Thinking of buying recreational land...

By
Real Estate Broker/Owner with WHISPERING PINES REALTY 20398180

There are many aspects of recreational land. 

1. There is your desired use.

2. There is the realistic use

3. There is Government regulated use.

 

 

1. You need to think about where you want to buy this land.

2. You need to know what each parcel has to offer.

3. You need to have it fit your budget.

 

Recreational properties can require a larger down payment by banks than a primary home loan.   Even contract for deeds many times want more down than a bank and a higher interest rate.  

All of this takes time...a lot of time.   Not all answers you want can or will be answered right when you ask them.  Working with an agent that has intimate knowledge of the area you are interested in will save a lot of time.

It is the Middle of March...Realistically it could take until the 1st of May to close on your recreational purchase.

It is time to start now!!!

Not everything you wnat to do will be on one property.  A good local agent will know what is close by.

 

 

 

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Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I love the fishing picture. Show me more. I haven't been fishing since last fall. This is great consumer information, William.

Mar 17, 2013 10:16 AM #1
Rainmaker
631,712
Vern Eaton
Askov, MN
Realtor 651-674-7449

Bill, there is a lot to think about when buying any property.  But a second property has additional issues for you to face.

Mar 18, 2013 11:55 PM #2
Rainmaker
320,050
Randi Brammer
Randi Brammer, Acctg. - Hinckley, MN
Accountant & Tax Preparer

Good points Bill.  There is just as much to consider on recreational property as there is buying a home and maybe even more.

Mar 20, 2013 03:01 AM #3
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Recreational land has so many options and knowing what you want and really need is very important

Apr 18, 2013 08:11 AM #4
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Rainmaker
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William Feela

Realtor, Whispering Pines Realty 651-674-5999 No.
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