Finding Land for Sale in Arizona
Posted: November 26, 2014 by LandCentury
Arizona, the state of the famous Grand Canyon, has plenty of things to see and enjoy. There are modern cities, ancient ruins, and breathtaking views of the desert. The climate is warm, even during the winter months, and the area is popular with people who are looking for a place to visit during the colder, snowy months of their home regions. If you are willing to do a lot of research, and you have enough patience, you can find good deal on land for sale in Arizona, whether you are looking for recreational land, or farmland that you wish to turn into a commercial business.
Buy Outright if Possible
While most people are forced to finance their property purchases through loaning institutions, it is preferable to purchase property in Arizona outright. If you are able to, liquidating all of your assets, or borrowing money with personal loans, is the best way to finance your new land. When buying land, the term money is key is incredibly pertinent. If you are able to make solid offers, with the knowledge that you have the cash to back you up, the process of finding cheap land in Arizona can be much simpler.
Find Plots that You Are Interested in
Once you have determined how you are going to finance your new land, it is time to choose a handful of plots of land that you are interested in buying. Just as with most places, land in Arizona becomes cheaper as it is farther away from large populations and cities. The most populated cities in Arizona, according the the census of 2010, are Tucson, Phoenix, Chandler, Mesa, Glendale, Gilbert, Scottsdale, Tempe, Surprise, and Peoria, in no special order. If you want to locate the cheapest land, you should look at areas that are away from these highly populated cities. To avoid becoming emotionally attached to any particular piece of land, it is wise to consider several plots at once. If you are only looking at one place at a time, it might seem like the only thing that you can get, and you are more likely to make a bad financial decision.
Do Your Homework
Research is essential for anything that involves a lot of money, and a big change in your lifestyle. Whether you are looking for an investment property, recreational land, or a good place to live in Arizona, it pays to learn as much as you can. Look at a range of similar properties, and found out the current state of the market in the areas that you are interested in. Learn what you can about the seller, and whether or not they actually live in the area, or if they are just trying to sell the land in order to unload it. Some people inherit properties when a family member has died, and they might simply wish to sell the land as quickly as possible. If you can find out why someone is trying to sell, it might give you an advantage.
Different parts of Arizona collect property taxes locally, so you should contact the local county and find out if the lands taxes are current. If there has been an issue with tax payments, it could be an indication that the seller is struggling financially, and that they need to sell fast. If a bank has taken possession of a property due to foreclosure, it might sell for much less than market value.
Make an Offer
Once you have decided to buy land in Arizona, contact the broker or seller, and try to work out the best deal possible. It is important that you do not tell them too much about your own circumstances at first. Simply tell them that you have been looking at several properties, and you are trying to work out what kind of deal you can get. Do not say anything that might make you appear desperate to buy that particular property, or they might stick to a high price. Studies have suggested that including the word because, and giving reasons for a low offer, might give you a better chance of striking a good deal.
Make it clear that you are able to pay immediately, in cash, and you will be able to finalize the sale quickly. Use examples of other properties in the area that have sold for less per acre, and make it seem like you are making a great offer. Just remember that the seller, especially if they are a broker, might be aware of all of these tricks. You want to increase your chances of getting a good price, but you do not want to offend the seller and risk losing the sale.
Look at Private Sales
Many people only consider Arizona land sales from brokers, and forget that there are plenty of people selling their properties privately. If you want to get the best deal, you need to know about all of the land that is for sale. You might also save money by avoiding the commission percentage that a broker would charge. However, a good broker might actually help you, because they could make it clear to the seller that their land simply is not worth the asking price.
Buy Outright if Possible
While most people are forced to finance their property purchases through loaning institutions, it is preferable to purchase property in Arizona outright. If you are able to, liquidating all of your assets, or borrowing money with personal loans, is the best way to finance your new land. When buying land, the term money is key is incredibly pertinent. If you are able to make solid offers, with the knowledge that you have the cash to back you up, the process of finding cheap land in Arizona can be much simpler.
Find Plots that You Are Interested in
Once you have determined how you are going to finance your new land, it is time to choose a handful of plots of land that you are interested in buying. Just as with most places, land in Arizona becomes cheaper as it is farther away from large populations and cities. The most populated cities in Arizona, according the the census of 2010, are Tucson, Phoenix, Chandler, Mesa, Glendale, Gilbert, Scottsdale, Tempe, Surprise, and Peoria, in no special order. If you want to locate the cheapest land, you should look at areas that are away from these highly populated cities. To avoid becoming emotionally attached to any particular piece of land, it is wise to consider several plots at once. If you are only looking at one place at a time, it might seem like the only thing that you can get, and you are more likely to make a bad financial decision.
Do Your Homework
Research is essential for anything that involves a lot of money, and a big change in your lifestyle. Whether you are looking for an investment property, recreational land, or a good place to live in Arizona, it pays to learn as much as you can. Look at a range of similar properties, and found out the current state of the market in the areas that you are interested in. Learn what you can about the seller, and whether or not they actually live in the area, or if they are just trying to sell the land in order to unload it. Some people inherit properties when a family member has died, and they might simply wish to sell the land as quickly as possible. If you can find out why someone is trying to sell, it might give you an advantage.
Different parts of Arizona collect property taxes locally, so you should contact the local county and find out if the lands taxes are current. If there has been an issue with tax payments, it could be an indication that the seller is struggling financially, and that they need to sell fast. If a bank has taken possession of a property due to foreclosure, it might sell for much less than market value.
Make an Offer
Once you have decided to buy land in Arizona, contact the broker or seller, and try to work out the best deal possible. It is important that you do not tell them too much about your own circumstances at first. Simply tell them that you have been looking at several properties, and you are trying to work out what kind of deal you can get. Do not say anything that might make you appear desperate to buy that particular property, or they might stick to a high price. Studies have suggested that including the word because, and giving reasons for a low offer, might give you a better chance of striking a good deal.
Make it clear that you are able to pay immediately, in cash, and you will be able to finalize the sale quickly. Use examples of other properties in the area that have sold for less per acre, and make it seem like you are making a great offer. Just remember that the seller, especially if they are a broker, might be aware of all of these tricks. You want to increase your chances of getting a good price, but you do not want to offend the seller and risk losing the sale.
Look at Private Sales
Many people only consider Arizona land sales from brokers, and forget that there are plenty of people selling their properties privately. If you want to get the best deal, you need to know about all of the land that is for sale. You might also save money by avoiding the commission percentage that a broker would charge. However, a good broker might actually help you, because they could make it clear to the seller that their land simply is not worth the asking price.
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