By Hubert Miles
Looking to buy an acre or more of waterfront land or a waterfront lot? Many people are taking this opportunity while real estate prices are low to purchase waterfront land or a waterfront lot with the intent to add a manufactured home or to build a luxury home. Despite what many say, waterfront land is abundant in the market with many deals available.
While many buyers still focus on buying properties they can fix to either live in or flip when the market recovers, they lose track of other investments that lack some of the glamour. Purchasing land remains one of the most secure purchases you can make, especially waterfront land.
Before you purchase any parcel of waterfront land, find out about any restrictions that exist for the area. The last thing you want to do is purchase a piece of waterfront land with the plans of building a dock or boathouse only to find out that you cant build it because of zoning or environmental reasons.
If there are any liens or easements on the property you’ll want to be made aware of it. Any liens on the land will have to be paid in order to get a clear title to the land you are buying. Any easements that exist will have to be honored to allow land locked owners access to their property.
You should also take into consideration how other waterfront land in the area has increased in value in previous years. Despite how things may seem in the real estate market, property values will rebound, and could do so very quickly. Potential buyers that have been watching and waiting for the market to bottom out may end up finding themselves scrambling to purchase before prices go up to quickly.
If you are looking to buy waterfront land, start by searching some internet websites that have waterfront land listings. You can browse listings and contact sellers directly about properties you’re interested in.
categories: real estate,house,home,property,waterfront,land,finance,business,travel
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MLA Style Citation:
Miles, Hubert "Steep Discounts Can Be Found On Waterfront Land In A Down Economy." Steep Discounts Can Be Found On Waterfront Land In A Down Economy. 3 Aug. 2009. uberarticles.com. 18 Aug 2014 <http://uberarticles.com/real-estate/purchasing-waterfront-lots-in-a-buyers-market/>.
APA Style Citation:
Miles, H (2009, August 3). Steep Discounts Can Be Found On Waterfront Land In A Down Economy. Retrieved August 18, 2014, from http://uberarticles.com/real-estate/purchasing-waterfront-lots-in-a-buyers-market/
Chicago Style Citation:
Miles, Hubert "Steep Discounts Can Be Found On Waterfront Land In A Down Economy" uberarticles.com. http://uberarticles.com/real-estate/purchasing-waterfront-lots-in-a-buyers-market/
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