For those who wish to purchase vacant farmlands or residential lots, land for sale in Atlanta, GA comes in many types to suit every need.
Land is always a good idea for those seeking investment opportunities. As land is considered a diminishing resource and vacant lots become scarcer, the value of what remains is sure to increase in the future. The closer land is to metropolitan areas like Atlanta, the higher its value.
Moreover, land is much easier to sell compared with other types of real estate.
Buying land to build a home has a number of advantages. The home can be customized according to individual needs and preferences. Expenses can be monitored more closely because the owner is more involved in the process.
How to buy land for sale in Atlanta, GA
Step 1: Research
The City of Atlanta is divided into different zoning districts. Each district has its own set of regulations regarding the height, size, placement of structures, for example. Find out where a piece of property is zoned here. Learn the meaning of different zoning codes in Atlanta here.
Look into the types of land available such as farmland, raw land, improved land, and the like.
Step 2: Hire a real estate agent
A real estate agent or broker will make the land-buying experience easier and less stressful. Local real estate agents will know the ins and outs of the market, as well as what to look for in choosing the right land.
The real estate experts at Karatofias Realty can guide buyers through the process and provide valuable insight. They are there every step of the way to answer concerns and help buyers avoid costly mistakes. They also ensure that every buyer makes informed decisions.
Step 3: Have the land surveyed
A professional land surveyor establishes the legal boundary lines of a piece of property. Their work enables the landowner to avoid or settle disputes over property lines. By measuring and mapping a piece of property, a land surveyor also helps architects and homebuilders determine the best way to erect structures or utilize the land.
Step 4: Figure out financing options
For those who would like to take out a mortgage, there is a variety of loans available for different types of land. Improved land loans are relatively cheaper compared to raw land loans which have a higher interest rate. The chances of approval for an improved land loan are also higher than that for a raw land loan.
If the plan is to build a home, it’s best to look into construction loans as well.
Step 5: Make an offer
Once the financing is settled, the real estate agent will help the buyer craft an offer inclusive of terms. The agent will also negotiate to get the best deal possible.
For more information about land for sale in Atlanta, GA, give Karatofias Realty a call at 404.321.0030 or send an email to karafotiasrealty(at)karafotiasrealty(dotted)com. You can also take a look at property listings by clicking on the neighborhoods featured on this page.