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Buying a lot to build future home
Posted on 1/19/18 at 11:39 pm
Posted on 1/19/18 at 11:39 pm
I've never gone through the lot search/buying process before. I notice by searching Realtor.com, zillow, etc, there aren't many lots listed compared to the number of lots we have seen with for sale signs. Do lots typically not make it on these sites as much as houses do? We were pretty disappointed with few number of lots all around Mandeville listed online. Would yall say the next step would just be getting in the car and driving areas that we want to live?
Also, are lots as negotiable as homes? I know everything is negotiable but is there as much swing in listing price vs sale price on average compared to homes?
Also, are lots as negotiable as homes? I know everything is negotiable but is there as much swing in listing price vs sale price on average compared to homes?
5
Posted on 1/20/18 at 12:45 am to TigerTatorTots
quote:
Also, are lots as negotiable as homes?
Absolutely, no different. You can use comps just as easy to run numbers on a lot as you can a house.
quote:
Do lots typically not make it on these sites as much as houses do?
Not really sure, but with no structure people probably think they can handle the whole process themselves resulting in for sale by owner that don't make it on the sites.
I'm an agent with Keller Williams and can help you out if you like. I can run a MLS search and see if you are overlooking some properties if you give me your parameters.
This post was edited on 1/20/18 at 12:46 am
Posted on 1/20/18 at 8:26 am to TigerTatorTots
What kind of lot are you looking for? In a subdivision or open/undeveloped land?
Subdivision lots are usually sold through the developer and aren’t exactly listed.
Undeveloped Land is a bit tougher. Sometimes it’s listed, sometimes it’s not even for sale (but yet is for sale). A lot of people will sell by word of mouth, allowing some control of their neighbors and who they sell to. Some will also simply place a sign near the street, which gets a surprising amount of attention.
Subdivision lots are usually sold through the developer and aren’t exactly listed.
Undeveloped Land is a bit tougher. Sometimes it’s listed, sometimes it’s not even for sale (but yet is for sale). A lot of people will sell by word of mouth, allowing some control of their neighbors and who they sell to. Some will also simply place a sign near the street, which gets a surprising amount of attention.
Posted on 1/20/18 at 9:07 am to TigerTatorTots
In this area, you need to drive around. I have seen tons of lots with generic for sale signs and not listing agent signs.
Also, if you know the area you want to live look on the assessors website and make some phone calls.
I have a place in mind as well and some of the lots have been owned for like 30 years and have never been touched. When Im ready Im just going to call them up and make offers.
Also, if you know the area you want to live look on the assessors website and make some phone calls.
I have a place in mind as well and some of the lots have been owned for like 30 years and have never been touched. When Im ready Im just going to call them up and make offers.
Posted on 1/20/18 at 10:09 am to TigerTatorTots
Driving around is your best bet. I'll give you a few things to look for also.
1. Def go to the permit office and inquire about the property you find, if it is raw land. St.Tam has the weirdest set of rules that are different from the base flood maps. You need to know what the flood designation is, but also if it is critical drainage or an area of special concern. I've seen people buy property in that parish in flood zone C that was worse than zone A or AE because of the other designations.
2. Make sure the home you are thinking of will fit. Check set backs, and do not forget to add in driveway width if you want a side load garage. You probably want your lot 40'-50' wider than your home if you want a side load garage.
3. Know what real costs are. So, in a nice subdivision you won't need a well, septic, and the drive access is usually less. But in a subdivision, you may need a paved concrete driveway. If you are on a wooded lot, you need clearing, debris removal if you can't burn it, usually a more expensive access drive, possibly a well and septic. I see people often buy without knowing what the real costs are. Buy because you really love the look and locatio,but if you are on a budget know what it really will cost to build your home.
1. Def go to the permit office and inquire about the property you find, if it is raw land. St.Tam has the weirdest set of rules that are different from the base flood maps. You need to know what the flood designation is, but also if it is critical drainage or an area of special concern. I've seen people buy property in that parish in flood zone C that was worse than zone A or AE because of the other designations.
2. Make sure the home you are thinking of will fit. Check set backs, and do not forget to add in driveway width if you want a side load garage. You probably want your lot 40'-50' wider than your home if you want a side load garage.
3. Know what real costs are. So, in a nice subdivision you won't need a well, septic, and the drive access is usually less. But in a subdivision, you may need a paved concrete driveway. If you are on a wooded lot, you need clearing, debris removal if you can't burn it, usually a more expensive access drive, possibly a well and septic. I see people often buy without knowing what the real costs are. Buy because you really love the look and locatio,but if you are on a budget know what it really will cost to build your home.
Posted on 1/21/18 at 10:15 am to Libertariantiger
Posted on 1/22/18 at 7:24 am to TigerTatorTots
Check the parish assessor's website as well. You can find owner information for lots that aren't for sale. Do your homework and you may be able to approach them with a reasonable offer for the land.
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