We Buy Houses In Pennsylvania. At Dustin Buys Houses, we provide home sellers with the ideal way to sell their property fast by offering to them our cash for houses in PA. When it comes to real estate investment, the land is often times the overlooked step-child. There is amazing potential when investing in land that many investors and local homebuyers in Pennsylvania never tap into! Learn more about land investment and strategy in our latest post!
There are many reasons to get into land investment. It can be an excellent way to begin investing or as a way to diversify an already robust portfolio. People from all parts of the country and in all income brackets are turning to land as a stable and limited resource. Is it right for you? Learn more below!
Guide To Land Investment In Pennsylvania
PA Land Is Low Maintenance
It isn’t much you have to do when owning a piece of land. Maybe some landscaping so weeds don’t get out of control, but otherwise, it basically just sits there. Make sure to be aware if utilities or other expensive assessments will be enforced while you are in ownership of the land. You wouldn’t want to buy a $5,000 lot only to find you will be paying $20,000 (overtime) to have water ran to it.
Easy To Get Started In Pennsylvania
You don’t need to have a ton of experience to get started in your land. Do your homework and you should be able to find something for only a few thousand dollars. Learn about the market and see what lots are going for. Are there seasonal trends? What does the future population growth look like? Are there development plans or changes in zoning on the radar? It is ready to be developed or is it raw land with no foreseeable plans nearby?
Why Is It For Sale In PA?
Not all land is the same. Plots of land in one neighborhood might be impacted by completely different environmental factors. Protected animals might live on your lot and not your neighbors. This can inhibit your ability to build, thus lowering the value of the land. Maybe there are oil tanks in the ground or frequent flooding problems from the creek nearby. Make sure you learn as much as possible about the lot before making a purchase!
What’s Your Strategy In Pennsylvania?
Flip It – To flip land effectively, you need to purchase low and sell high. You can do this by finding unlisted deals or directly contacting the owners of lots that appear to be overgrown and forgotten. The land may have been purchased long ago, and all but forgotten about until it’s time to pay property taxes. By reaching out to owners directly, you will be able to create a relationship and possibly take unwanted real estate off their hands. When contacting any property owner, always be respectful and respect their privacy. If they are not interested in selling, never harass or bother them in hopes of doing so. You should then market the property to retail buyers. People who want to build a home on the site for themselves, etc.
Buy And Hold – Land is an excellent investment to purchase and hold. It will typically appreciate over time and is very simple to maintain. Your primary expense will be property taxes which are significantly lower than taxes on a home. You can hold until land values see a considerable jump or development plans are put into place.
Lease It – Another option when owning land is to lease it to a party that has a use for it. This translates into almost 100% for you. Some interested parties might be farmers, hunters, or a nearby business looking for parking. Obviously, you will need to make sure the lot is zoned for what your renter intends to use it for.
Sell My House In Pennsylvania
Buying and selling land to an investor is very different than if you were buying or selling a commercial, multi-family, or single-family residential property mainly because there is no building. The land is a very simple property to deal with. Most Pennsylvania home buyers and investors won’t even drive out to the property because all of the information they need is available online.
They may or may not have a survey completed to verify the property lines, and they will most likely prefer that no improvements have been made, such as fences or sheds. These properties are perfect for investors because they can build the property to fit whatever plans they have. Just like when you sell your house in Pittsburgh, land transactions can be as quick as a few days when you work directly to Dustin Buys Houses! We can go over your property and let you know its fair market value and get you on your way to selling your land fast!