How to buy a block of land
The land buying process can be complicated but if you know what questions to ask you can get it right advice and avoid the costly mistakes. So what questions do you need to ask when buying a block of land?
how to buy land
How to buy a block of land in Australia.
Finding the perfect location to build your home can be the easy part. However, there are many other things to consider that can affect your overall costs when buying land. The Buying Land section of the Building Home Masterclass series tells you everything you need to know about how to buy a block of land in Australia today. Being armed with this information ensures that when you buy your block of land, you’re not going to be hit with any nasty surprises that will cause you to blow your budget or make a bad investment. You will be fully informed about the land buying process that will help you avoid the headaches and costly mistakes. Knowing how to safely buy a block of land will save you from blowing your home building budget in unexpected costs.
Here's the questions you need to ask when buying a block of land.
- Will I have to pay more in unexpected hidden site costs?
- How do I negotiate the best price for my block of land?
- Is my Real Estate Agent being honest and telling me everything I need to know about the block they are selling me?
- Do I know how to read a plan of subdivision?
- Should I buy land 'off the plan?'
- Should I buy my block using a conditional or unconditional contract?
- Will I have to pay Stamp Duty on my land?
- What do I need to know about the orientation of my block of land?
- What is a conveyancer and when and why do I need to get one?
- Are there covenants, easements and services are on the block I want to buy?
- Is my block part of a structure development plan?
- Do I know how to easily compare different blocks of land?
- Should I use a land buyers advocate or do I have the knowledge to handle the negotiations myself?
- Am I buying my land in the right location?
You can get independent expert answers to all of these questions fast by taking the Building Home Masterclass Series hosted by Best Selling Author and 2nd generation property developer Natalie Stevens.
"Don't put your future in the hands of a sales pitch"
If you're buying a block of land then you not only need to know what questions to ask, but you also need to understand the answers. Buying a block of land without knowing these few simple yet vital secrets could mean you're putting yourself at risk of blowing a lot more than just your budget.
It's as simple as knowing what to ask
You'll only regret what you didn't know to look out for. Make sure you've asked all the right questions so to make an informed decision.
Is the asking price fair and reasonable? Does the block impose limitations that you could leverage during negotiation?
Does the selling agent for the land know the full story, and if so are they passing that onto you? Stay safe with independent advice.
Can you be sure you're in the right hands?
It's true, Real Estate Agents are in the business of selling you property. But here's the thing. Buying a home and building a home are two completely different things. When you buy a home you can see what you're getting. But that's not the case when building and if you put your future in the hands of a sales pitch where someone is telling you what they want you to know, rather than what you need to know, then you're putting yourself at risk. Our experience shows that whilst agents may be well trained in selling homes, they are generally unaware of in more in-depth considerations of what's involved in building a home. They won't be able to help you avoid the risks because unless they've built a few homes themselves, chances are they won't even know what those risks are.
BUT, don't they have an obligation?
In short no. Land is like the ocean, you don't know what lies beneath until you dive deep. Unfortunately, agents aren't going to be encouraging you to do this. And equally as unfortunate is that no-one is obliged to tell you what you don't know. What's even worse is that you don't know what you don't know so how can you be expected to know what to look out for?
That's exactly why we've made it easy for you to quickly and easily get the secret sauce info you need to know that will mean you ask the right questions of the right people at the right time... The kind of questions that will let you avoid the biggest and most costly mistakes made.