A Guide to Buying Cheap Government-Owned Land
Where To Look For Cheap Government Land
The first step in finding cheap government-owned land is to know where to look. You can start by checking out websites like GovSales and GSA Auctions. These sites offer listings of available government-owned lands that are up for sale. You can also check with your local county assessor’s office for more information on available lands in your area.
Once you’ve narrowed down the list of possible properties, it’s important that you do your research. Make sure that the property is not located in an area prone to flooding or other natural disasters, as well as make sure that there are no restrictions or easements on the property that would limit what you can do with it once purchased. It’s also a good idea to check with neighboring landowners to get an idea of what their experiences have been like living near the property in question.
What To Consider When Buying Cheap Government Land
When purchasing cheap government-owned land, there are several factors you'll need to keep in mind. First and foremost, it’s important that you understand how much money you’re willing/able to spend on the property. In addition, make sure that the price includes any additional costs such as closing fees and taxes associated with owning the property. It’s also important that you understand the terms of any financing options available for purchasing the property—some lenders may require a larger down payment than others, for example. Finally, if there are any special conditions associated with buying the property (such as conservation easements or deed restrictions), make sure these are understood prior to purchase as well.
Conclusion: Finding and buying cheap government-owned land is relatively easy if you know where to look and what factors to consider when making your purchase. Websites like GovSales and GSA Auctions offer great starting points for locating available properties in your area; however, be sure to do your due diligence beforehand by researching local zoning laws, reading through easement agreements, and speaking with neighboring landowners before committing yourself financially. With this knowledge in hand, however, finding and buying cheap government-owned land should be a breeze!