Buying Land in Vermont: Tips & Secrets from a Local
With real estate inventory low across Vermont, the thought progression as you search listings naturally looks next to purchasing land and building from scratch. It seems like such a great idea! Land is inherently less expensive and the cost of building can be spread out over time, right? Yes! In fact, Stacey did just that in 2005! But there are very important details to consider on your land journey to avoid financial pitfalls:
~ Are you able to purchase the land in cash? Many lenders do not finance land loans, and, if they do, it is at a much higher rate. birch + pine has great relationships with lenders who can help in any situation. Check out our FAQS.
~ Do you have drawings and a builder? Contractors are flat out for 2-3 years. Make sure you have a plan and a realistic timeline.
~ Land listings are not alike! Make sure you check with Robyn and Stacey to analyze what is, and is not, included in a sale. Has the seller investigated any permitting or performed any sitework? Are there potential wetland issues? If septic is required, what size and type of system is permissible? Is the property enrolled in Vermont’s Current Use program? How is the access? The list of questions can be long! Our Process
Land listings can really be exciting and allow buyers to dream big! We love navigating the details and helping sellers realize a financial gain while building the first memories with land buyers. Vermont land is still available! Contact birch + pine today!