Blog & Industry News

9 Questions to Ask About a Lot of Land

Before purchasing a lot of land there are important questions to ask about the features of the property. Every land lot is different with varying terrain, zoning, and available utilities. When searching for the right lot of land, you need to already know what you plan to use the land for in order to help narrow your search.
 

1. Are there any conservation easements?

 
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Purchasing Un-subdivided or Un-restricted Vacant Land

I’m often asked whether a particular vacant parcel has any deed restrictions. I get questions regarding building size or type requirements, time frames for building, height restrictions, areas on the lot that can only be used for building, or must remain unused, etc. When it comes down to it, if the property is located in a subdivision, there will typically be a set of parameters that one must follow. 
 

CC&R’s and Design Guidelines for a Subdivision

 
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Rick Sack Awarded the 1926 Circle of Excellence for 2020

The 1926 Circle of Excellence is an award that is reserved for realtors with a high level of excellence, hard work, and client care. High-producing agents are commended with this award to highlight their success and focused dedication to their work in realty.
 
Rick Sack has received this reward three years in a row, and this accomplishment is notable, setting him apart from other Tucson area realtors. In fact, this reward sets Rick Sack among the top half of the best 1% of realtors nationwide.
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Basics of a Home Plan

When you’re building a new home, you need to know the basics of a home plan. Commonly referred to as blueprints, the documents that lay out the plans for a home used to be drawn on blue paper, denoting its original name. These days, the terms “blueprints” and “home plan” are used interchangeably.
 
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April 2020 Tucson and Southern Arizona Land Report

Each month, the release of the Tucson Land Report offers data and trends for the previous month on the current situation in the land lot market for the Tucson Metro area. This information is helpful to realtors who wish to see a bird’s eye view of the numbers from previous months and years in comparison to the recently released numbers. With this data, realtors can assist clients in knowing the best time for buying or selling land.
 
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An Update on Tucson's Catalina Foothills Lot Market

I know I've been busy lately listing and particularly selling vacant lots in the foothills area, but I didn’t realize just how active this segment of the land market currently is until I took a look at the current Tucson Association of Realtors, Multiple Listing Service statistics. 
 
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Lot and Land Loans are Still Plentiful in Tucson

Probably the most frequently asked question I receive on a regular basis from land buyers as well as other Realtors is, “Can you finance the purchase of land like you do for a home?” Many people still think that lenders are no longer financing lot and land purchases and that the only way to buy vacant land is by paying cash or receiving seller carry back financing. This was mostly true during the real estate recession years of 2007-2012 when banks and institutional lenders were weary of the risks associated with land purchases that was fueled by the large numbers of people walking away from lot loans and giving their parcels back to the lenders. Of course, probably the main reason this was so prevalent was that lenders encouraged buyers to take 80-100% loans, that they couldn’t actually afford or possibly be able to repay. With no “skin in the game” it was easy for buyers to give these properties back to their lender. But that was then and this is now.

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