Tennessee Land Buying Guide
Purchasing land, especially undeveloped land, requires careful consideration and planning. Our goal is to assist you in establishing a clear “game plan” before embarking on the property search, saving you time, and ensuring a successful outcome.
90% of the time, Land Buyers know exactly what they are looking for, they just need the tools to find it….Use Southland as your tool
Here are ten things you need to know when purchasing land:
- Location, Location, Location.
- What kind of expenses you will incur with purchase?
- Zoning laws and restrictions.
- Ordinances and covenants.
- Utilities – adding them if they are not already there.
- Road access – you don’t want to be land locked.
- Easements for access and utilities.
- Land Surveys to clearly define your property’s boundaries.
- Is property in a Floodplain?
- Permits – be ready to apply for multiple permits if you choose to build.
These ten points are the minimum of what you need to know when purchasing land. We will discuss these with you and, using your answers and our expertise, we can then form the “game plan” for moving forward with your land search and purchase.
What Is Your Intended Use of the Land?
Determining the purpose of your land is the first step in the buying process. Are you planning to build your dream home on expansive acres, propose a commercial development, or invest in timberland? Identifying your intended use helps narrow the options and ensures the properties you explore align with your goals.
Considerations Include:
- Location
- Land terrain
- Water availability
- Proximity to utilities
- Site assessment requirements
With a deep understanding of the local landscape and connections within the community, We provide expert advice tailored to your specific needs. For instance, timberland investment is a stable, long-term option and Tennessee is one of the top three states in the union for hardwood timber stands, so if you are considering protecting and growing your money over time, mention timberland investment when you call.
How Do You Plan to Fund Your Purchase?
The financial aspect of your purchase is pivotal. Whether using cash, private equity, or seeking commercial financing, having these details sorted out beforehand streamlines the process. If financing is part of your strategy, we will provide or collaborate with reputable local lenders who enable you to explore options and guide you through the financing process.
Our network of trusted lenders in the area ensures that you have access to the financing you need, and we’ll work closely with you to make the financial aspect of your purchase a seamless experience.
Considerations Include:
- Cash Purchase
- Private Equity Investment
- Commercial Financing
Additional Considerations
Establishing a timeline is paramount. Whether you plan to break ground on a new development, move into an existing home, or navigate a 1031 exchange, having a rough estimate of your timeline helps us tailor our approach to meet your specific needs.
At Southland Brokers, we are committed to ensuring that your land buying experience is informed, efficient, and successful. Let us guide you through the process, saving you precious time and enabling you to make informed decisions that align with your goals.
Contact us today to begin your journey toward acquiring the perfect piece of land in Tennessee!