| THIS
MONTH'S TOPIC:
Explore your
goals!
In a recent issue of LAND RUSH we offered six logical
steps that can lead to a land purchase. To refresh your memory,
they were:
Step #1 - Become Informed!
Step #2 - Analyze Your Objectives
Step #3 - Make A Commitment To Yourself
Step #4 - Come To The Mountains
Step #5 - Make An Appointment In Advance
Step #6 - Bring Your Checkbook
Last month, I covered Step #1. In this issue,
I’ll elaborate on the second one “Analyze Your
Objectives!”
Why are you considering a land purchase? What
is your timetable? How much land would you like? What are the financial
resources you are willing to commit to the purchase? Do you have
a favorite area or location in mind? How will you know when you
find the right property?
You should take these questions, one at a time,
and write out the answers. If two or more people are involved in
the decision-making, share your answers and discuss until agreement
is reached on each item. Without a firm commitment from all involved,
the search will be futile.
You may say to yourself “I’ll just
ride around looking at different properties. When I see the right
one, I’ll know it!” That’s fine with us. We have
numerous “FREE LOOK!” properties
– parcels that are easy to locate on public roads. The only
problem is . . . how will you know how to locate the boundaries
when you arrive?
Experience has shown that the successful purchase
of properties occurs most often as the result of a purposeful search,
powered by financial ability, and motivated by very specific objectives.
For example, possible motivations might include: 1) investment possibilities,
2) land for a family retreat, 3) a weekend playground, 4) land for
a retirement home, or 5) a hunting tract.
Once the objective has been identified, write
down the features and amenities you hope to find. These could include:
1) a preferred location, 2) great views, 3) streams and springs,
4) suitable number of acres, and/or 5) privacy & seclusion.
Knowing a suitable price range is another consideration.
This should be based on available cash for your investment, possibly
combined with borrowed money from a lender. It is wise to know lender
requirements for a down-payment, as well as the maximum loan for
which you might qualify.
Finally, set a timeline for making your purchase.
Allow 30-60 days to locate and inspect properties, followed by negotiating
a contract and closing the transaction.
Sound like there might be more to buying land
than just driving around? There is – but it needn’t
be difficult. For answers to your land buying questions, just call
800/849-9225 and ask for David or Paul!
"LAND
RUSH ONLINE" ARCHIVE: CLICK HERE
BUYERS CHECKLIST:
CLICK HERE
LAND
BUY OF THE MONTH!
105±
acres - great location,
paved road frontage,
springs & streams,
homesites, meadows, woods!,
Learn
More!
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