BUY

PAYING FOR LAND

For most people buying a house is a major undertaking. When it comes to buying land the process can be even more overwhelming. There are numerous things to consider and additional inspections and process that must occur during the buying process. It is imperative that you work with a Realtor who understands the ins and outs of the land buying process.

The first consideration is the same as buying a house. How are you going to pay for your purchase? Most banks and lenders do not give loans on land. If they do the down payment is usually large and the interest rate may be more. It is usually local lenders who understand the area that have land lending programs. Be sure to ask you Realtor for recommendations. Occasionally, sellers may be willing to owner finance provided the buyer can give a large down payment.

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PLANNED ECO VILLAGES

These types of communities are referred to by several different names. They may be Pocket Communities, Front Porch Communities, Cottage Communities, or ECO Villages. Regardless of the name they all have a common goal. The intent is to create a community of houses which a shared space and a common intend. These planned villages differ from typical subdivisions centering around a golf course or swimming pool, They are designed to promote friendly interaction and shared responsibilities.

The more successful projects have a lower number of people and houses, which allow each other to get to know their neighbors. Many of these groupings share walking trails, gardens, as well as a community building that may or may not be a central area for everyone to meet on a regular bases. More than just passing each other while enjoying the amenities the community works together to help with the upkeep, ensuring that they know and help their neighbors.

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