Debunking Common Myths About Buying Land

Interested in purchasing vacant land? Before you make any assumptions, let's debunk some common myths that might be clouding your judgment. We'll provide you with clear and concise information to help you make informed decisions about the exciting world of land ownership.

Myth: I need a hefty sum of cash or a high-interest loan to purchase land

Reality: Let's set the record straight. While cash or high-interest loans can be used, you will often have the option to purchase land using seller financing, making your land purchase more affordable and accessible.

Acterra offers flexible seller financing that can be customized to meet your budget and timeline. Plus, there are no credit checks or early payment penalties. We even offer discounts based on your downpayment amount.

Myth: I have to use a real estate agent to buy land

Reality: While using a real estate agent is recommended for a more expensive home purchase, it is not a requirement when purchasing vacant land. You can work directly with a land seller who handles all of the necessary paperwork for you.

The land professionals at Acterra have all the expertise to handle land transactions quickly and efficiently, meaning you don’t have to rely on a realtor who will often be more motivated to sell homes and other high-priced real estate.

Myth:  Buying land is complicated!

Reality: While purchasing land requires careful consideration, it doesn't have to be an overwhelming experience. By doing thorough research, understanding local regulations, and seeking guidance from a land professional, you can make well-informed decisions. Take your time and approach it step by step.

Acterra is here to make land buying easy and fun - rely on us to do the hard work so that you can enjoy the excitement of land ownership!

Myth: Once I own land, I can do whatever I want with it

Reality: While land ownership grants you certain freedoms, there are still regulations to consider. Local zoning laws and regulations dictate how the land can be used. It is crucial to understand and comply with these rules to avoid any legal issues or conflicts in the future.

Rest easy knowing all Acterra properties include a detailed Due Diligence report which lists most land restrictions. In addition, we include key contacts with the county, so that you can ask questions before proceeding with improvements on your land.

Myth: Covenants, conditions, and restrictions (CC&R) are the worst!

Reality: Hold on a moment. CC&R, although they may seem restrictive, can serve a purpose. These legal agreements are often associated with specific developments or subdivisions and are designed to maintain property values, create harmonious communities, and protect the environment. While they impose certain limitations, they can also offer benefits. It's important to review and understand any CC&R associated with the land you're considering to make an informed decision.

Myth: If electric and water service aren’t available on the lot, it is worthless

Reality: Contrary to popular belief, not having electric and water service on the lot is not necessarily a bad thing. While access to electricity and water can be desirable, there are alternative options available. With energy sources like solar panels and wind turbines you can save on energy costs over the long term. Water options include drilling a well, using a holding tank, or even utilizing a nearby stream, if available. For some land owners using these alternative options are actually preferred! Plus, land that does not have access to public utilities are often in some of the most remote, peaceful and beautiful places out there.

Ok, brave land buyers! With this essential knowledge at your disposal, you can confidently navigate the world of purchasing vacant land without falling prey to common misconceptions. If you're looking for expert guidance and a seamless experience, consider partnering wtih Acterra Properties. We provide invaluable support, steering you away from any potential confusion and helping you transform that plot of land into the oasis you've always dreamed of.