What do I need to know about buying land in Arizona?

Buyer’s Guide to Purchasing Raw Land

• Weather. Understanding the historic weather conditions for your region of interest is essential to your future enjoyment of the property.
• Zoning.
• Water.
• Utilities.
• Access.
• Survey.
• Title.

Is it a good idea to buy land in Arizona?

Affordable. In many cases, raw land can be a very affordable investment, especially when compared against a property that has a house built on it. We can even offer owner financing with flexible terms. If you want to see our inventory of affordable raw land, click here and enter your information into the form.

Can I afford to buy land?

Traditional Financing Options Larger Down Payments – Land loans typically require a larger down payment than traditional mortgages, often as much as 20\% to 30\% of the asking price. If you are purchasing raw land, the preferred down payment can be as much as 30\% to 50\% of the total cost.

How much does 1 acre of land cost in Arizona?

Arizona: Average cost of $4,328 per acre.

Is there free land in Arizona?

Arizona Homesteading Laws When many people think of homesteading in America, they think of the law that existed in the 18th century that provided free land from the government so long as a family lived and worked the land. There is no homestead act currently in force that allows for free land in Arizona.

How do I buy land on later?

Customers can work with a lender to do the land loan first and then combine any balance into a construction loan when they’re ready to build. Your lender can work with you to see what options make the most sense and go at your own pace to see your country living dreams come true.

How do I buy land in Arizona?

The sale and development of State Land is often a long and slow process, taking from two to ten years. The purchasing process is initiated by an application, completed by the applicant and filed with the Arizona State Land Department. Submission of an application does not guarantee the land will go to auction for sale.

Can you homestead land in Arizona?

Any person, married or single, age 18 and older residing in the state of Arizona is entitled to own a domicile and hold a homestead. Further, homestead protection applies to dwelling houses, condominiums, mobile homes, and the land upon which that mobile home is located if the person resides in any of these places.

Can you buy a plot of land that is not for sale?

It’s often possible to buy plots of land that aren’t listed for sale. Even if a plot of land isn’t “on the market,” the owner of the land may still be interested in finding a buyer if the price is right. Keep your ears open for situations like these. You may end up with land you didn’t even know was available.

What should I look for when buying land?

Here are some other important things to check before you buy land: Access from a street: Unless you plan on parking your car on the side of the road and hoofing it to your home, your real estate property must be accessible from a street or road.

How to make an offer on a plot of land?

Making an Offer on a Plot of Land. Making an offer on land isn’t that different than making an offer on a home. When you’re ready to purchase a piece of land, you’ll have to make a written offer. You’ll approach the seller with the terms you’re willing to abide by along with all of the details related to the transaction.

Can you build a house on a plot of land?

“While a plot may seem like an ideal home site, local zoning may forbid construction of a home there,” says Chris Chapin, a real estate agent with Douglas Elliman. “The code might specify industrial use, or retail, or agricultural, or something other than what you need.”

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