4 Things To Know When Buying Land

LICENSED REAL ESTATE AGENT

Make sure the company has a Licensed Real Estate Agent you can work with when purchasing land. An agent’s job is to handle everything from showings to contracts & closings so you can focus on what you’d like to do with your property. They are required by law to treat each party fairly & are held to specific rules and regulations governed under state law by TREC (Texas Real Estate Commission).

All of our Blue Indie Realty agents are licensed with TREC.

QUALIFYING WITH RMLO AGENT

Get qualified through an RMLO agent. They will make sure you can afford the monthly payment so that you’re putting yourself in a good financial situation. Be wary if an agent never asks you for any of your financials.

Texas Pride Lending analyzes your financial situation & makes sure your debt-to-income ratio is less than 44%.

WRITTEN CONTRACT

Your agent should walk you through the written contract and answer any questions you may have about the survey, disclosures, or special addendums. Once you agree on the contract, both the seller and buyer will sign, making it a legal document.

CLOSE WITH TITLE COMPANY

Closing with a Title Company ensures that the seller has the legal right to sell the property to you. The Escrow Agent walks you through all the documents that are being signed on the day of closing. real estate

Every property is closed with Exodus Title who specializes in Farm and Ranch Contracts.

Posted: Feb. 2, 2024 in Finance