Mountain Real Estate
:
Buying Mountain Property
Is Financing Land Different than a Home?
Yes, there are not as many lenders who finance raw land as there are who do home mortgages. Lenders on land deals often have several requirements such as the land being surveyed and a plat map available. Another common requirement is that there be power and phone available. Interest rates on raw land tend to vary and the real estate agent that you use is a good resource for lenders in the area where you are looking to purchase land. We have an available list of lenders that we have worked with over the years who offer raw land and/or mountain property loan options. Depending on your situation one might be better suited than other. Please email for your free list.
Mountain Real Estate
:
Buying Mountain Property
What Does Protective vs. Restrictive Covenants Mean to Me?
At times the word "covenant" means strict rules and codes on what a person can or cannot do on their property. Covenants are generally classified into protective or restrictive. Restrictive is more specific and tends to have a lot of detail on what is allowed or not allowed. Protective covenants, however, are designed to protect the land and its value versus dictate what can or cannot be done. For instance, protective covenants will say no mobile homes and minimum square footage for a house. The design and look of the home is up to the owner.
Mountain Real Estate
:
Buying Mountain Property
What to Know About Buying Land in Colorado
1. What is the acreage?
2. If developed, is it registered with the State of Colorado?
3. Where is it located?
4. Has it been surveyed?
5. Are the survey pins in the ground for me to see?
6. Is there power and phone? If so, is it underground?
7. If power will be available, when?
8. Is there an additional charge for power and phone?
9. Are there covenants? If so, what kind?
10. What borders the land?
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