How do you find cheap lots for sale?


Quick Answer

Individuals seeking to buy inexpensive land lots can find deals by visiting online real estate listing websites such as Landcentury.com and Loopnet.com. Listing websites typically feature land lots for sale located in a wide range of rural and urban settings. Lots for sale are for commercial or private use.

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Full Answer

Cheap land can sometimes be found for under $1,000, depending on the area. Some cities and towns are considered buyer's markets, and real estate is cheap due to abandoned homes or unpaid property taxes. Some small towns in the United States offer to give land buyers free land lots, if the buyer commits to building a home in the area. Many scenic lots offered for cheap can be purchased in all-cash sales. It is also possible to get financing when buying inexpensive lots.

When considering any deal to buy land, it is important to find out as much information as possible about the property, including who owns the land title, and whether the land has been properly surveyed. Ideally, the seller should own the deed to the property free-and-clear of easements, liens or liabilities. A surveyed property includes a detailed map outlining property boundaries, which is essential for legal property rights. Buyers must also research local and state property zoning laws for individual land parcels.

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