Those interested in purchasing unimproved land parcels have good news. One company has come up with an innovative way to match buyers with properties that meet their needs, from first-time buyers to seasoned land buyers, by using a website.
LandAuction.com has specialized in the auctioning of unimproved land since 1990. This company has established itself as a market leader in the auctioning of raw land across North America and has carved out a specialized market niche.
The company is said to have established a solid, reputable track record in the market and a reputation for finding properties that meet the individual needs of buyers.
In addition, the auction process provides buyers with the assurance of purchasing a property at a market-determined price.
The procedure operates as follows: To find out when and where a land auction will take place, visitors to the website can click on the calendar page. Convention centers and hotels all over the country host auctions in some of the areas of the United States that are experiencing the fastest growth.
The list of properties that will be available at the auction can then be viewed by site visitors. Links to pages where buyers can view maps, aerial photos, and any available legal documents for each property are included in the brief description of each property.
The website suggests that potential buyers get in touch with the county planning department, talk to local real estate agents, read real estate ads in the area, and figure out how much the property is worth once they have found a property they want to buy. Buyers will be able to set their own prices for the properties they want at the auction and place bids accordingly. Before entering the auction, buyers are encouraged to set a maximum bid.
Before making a purchase, prospective buyers are encouraged to inspect the property. They can take steps like walking the property, asking pertinent questions to developers in the area, and meeting with brokers and bankers in the area.
The organization offers funding for any buy more than $1,000.