One of the keys to buying land for sale, either as an investment or as the future site of your home, is finding a location that is currently undervalued, but that will increase in value over time.
There are few feelings as rewarding as owning your own piece of land. The American spirit is essentially one of transience; our forbears were always restlessly and relentlessly pushing onward to the next frontier. But after the explorers came the waves of settlers, who found solace in being able to stake their claims and call the land their own. Their legacy is one that has seeped into our collective consciousness: the desire to plant our roots and carve out our own slice of the American dream. That’s why home ownership is at an all-time high, and why people are increasingly buying undeveloped land for sale.
Complementing with the simple desire to buy land is the knowledge that, over time, land appreciates in value. As far as investments go, real estate brings incredibly high returns on investments and can lay the foundation for future financial security.
One of the keys to buying land for sale, either as an investment or as the future site of your home, is finding a location that is currently undervalued, but that will increase in value over time. For that reason, many people are now buying land in Arkansas, most notably lake land in and around the Ozark Mountains. There are any number of planned communities, including a golf community or two, that are going to take shape in the coming years. Those in the know are snapping up parcels and are positioning themselves to get a favorable return on investment as Baby Boomers retire and wish to take up residence in affordable locations.
Why Arkansas and why the Ozarks? One of the primary reasons that people are buying land there is that property taxes are among the lowest, if not the lowest, in the country. Owners of some parcels pay as little as seven dollars per year in property taxes. Another reason is that the climate is unbeatable; the four seasons have moderate temperatures, and the area is out of the range of the hurricanes that can devastate nearby states.
In addition, many of the available parcels are land for sale by owner (or FSBO), or foreclosures. As a result, the prices are very low. Some estimates put land for sale in this area as twenty or more years behind comparable areas around the country.
If you’re considering buying land for sale in Arkansas, it’s wise to first contact the largest owners and sellers of private building lots in the state. Oftentimes, these sellers live in the same area as the parcels you’re considering, and so have a stake in ensuring that you are pleased with your purchase. Furthermore, they frequently offer unique and unbeatable financing packages, whereby you don’t have to qualify for a mortgage. Instead, you make a low monthly payment and, upon completion of your payment schedule, you receive the deed to your land.
Some of these owners and sellers use the Internet to offer a stunning variety of land for sale. Because they’re “mom and pop” businesses, they don’t have a lot of overhead and so can sell parcels at incredibly low prices. They also allow you to buy land online with owner financing, and offer a written satisfaction guarantee.
Bargain prices, owner financing, and low monthly payments enable virtually anyone to buy land for sale and own their own piece of the American dream.