Purchasing via land agents
An alternative to purchasing at auction involves land agents. Land agents are comparable to auctions and property that is commercial – matching up purchasers and vendors.
Like many home agents, they often focus on behalf associated with vendor to have the greatest purchase cost, plus they desire to be certain that there is the funding set up before shutting a deal. In such plans, mortgages in theory are very important.
Just exactly How much deposit do you ought to purchase land?
This may rely mostly on where and just exactly what you’re purchasing – and everything you plan to do because of the land.
As a guideline – land home loan deposits usually are more than those on traditional investment property. You’d be taking a look at a the least a 30% deposit, based upon your position. Continue reading