How To

How to Buy Land Without a Mortgage

How to Buy Land Without a Mortgage
Member
By DandelionMom
eHow Community Member
(5 Ratings)

If the real estate market scares you, or you are not thrilled about the idea of jumping through hoops in order to obtain land, there are many alternative ways to be a property owner.

Difficulty: Easy
Instructions

Things You'll Need:

  • internet
  • $0-$30,000
  1. Step 1

    The first place to start is to look in your local newspaper for land owners wanting to sell their properties without a real estate company. They usually say "for sale by owner" or "creative financing available". If you can find your land local, it will be easier to arrange an owner-financing situation.

  2. Step 2

    You should also look at Craigslist, located at http://www.craigslist.org, or Ebay, located at http://www.ebay.com . You can search for land all over the world, and usually people hat list their land on there will be open to owner-financing, lease to purchase, or some other kind of creative financing.

  3. Step 3

    Land is avaiable everywhere. In order to make sure you won't need to get a standard mortgage, try to arrange owner-financing. This can save you money and can allow you to have more security in your lender.

Comments  

| View All 6 Comments

Hode said

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on 1/6/2009 Good info

Diligent77 said

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on 12/22/2008 This is helpful, would have been great if we'd had it a couple of years ago when we were in the market for it. 5*

bg8510 said

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on 11/25/2008 Thanks - I never knew about Craigslist selling land.

taskeinc said

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on 11/23/2008 So you can actually buy land from Craigs List? Wow!

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on 11/20/2008 very well written and shared info on the buy land subject.

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