Alaska Land For Sale: Beginner's Guide To Buying Land

Posted by Dan Wolf on Friday, January 17th, 2014 at 5:42am.

In Alaska buying land is a large part of our real estate market. When prices are down, instead of buying a home or buying a second property, consider buying Alaska land for sale.

Alaska Land For Sale: Beginner's Guide To Buying Land

Even if you don't plan on building right away, you have the location and can build later.

But is buying land right for you? This article will cover the basics of buying Alaska land for sale.

First, everyone needs a place to lay their head and build a family, but not everyone needs Alaska land. That's a good thing because that there are fewer buyers.

But that could be a bad thing too... The Alaska land for sale you buy today could be harder to sell later.

Alaska lenders and banks know how hard it is to sell land down the line, so they will require higher down payments and higher loan rates to finance those purchase.

This protects lenders and offsets the cost if you get stuck in foreclosure later down the line.

Secondly, a lot of buyers think that Alaska land for sale is maintenance free and you can buy it until you are ready to use it.

That is not exactly true. You will have to maintain the land from time to time. You may need to maintain the landscape, maintain the roads, pay fees and pay property taxes.

You could lease the land to a farmer to produce income... but you cannot rent to a normal tenant because there will be no home on the property.

Before you buy land its important that you:

1. Research building and zoning laws and get permits
2. Find out if there are any restrictions on building types and setbacks
3. See what permits there are currently on the property
4. See if the property has a well and if so find out what that will require financially
5. See if the previous owner and seller have mineral rights and if so what you can do to prevent drilling
6. Find out about the development of the surrounding area. If things will change around the land in the near future, how so? Will your view be blocked? Will traffic increase?

Most importantly, get a real estate professional to help you navigate buying Alaska land for sale. Our agents can help you find the property you are looking for that meets your needs.

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