Regardless of what you plan to use it for, investing in land is a big decision. When banks and corporate lenders get involved the process can become pretty stressful. Luckily, owner financed land makes it easy to find the perfect parcel at the perfect price without all of the headaches and red tape.
Here are the top Five benefits of buying owner financed land in West Texas:
NO. 1 – LOW PRICES
When you lease land through a bank or other corporate entity, they typically attach a bunch of extra fees and costs for their services. But buying owner financed land doesn’t come with those additional price tags, because it’s just you and the owner settling on terms and costs that make financial sense.
NO. 2 – REDUCED INTEREST RATES
Banks are famous for their high interest rates for their services. It’s no different when you’re purchasing land. However, you can avoid these painful interest costs by finding owner financing with a fair interest rate you can actually afford.
NO. 3 – NO DEPOSIT
When searching for land for sale in West Texas, you’ll be happy to find that many owner financed land deals will require a very small deposit and many owners are happy to finance their land for $0 down! This can be a game changer for those who have dreamed of land ownership, but are on a tight budget.
NO. 4 – FLEXIBLE TERMS
Unlike banks who make you sign the dotted line on their terms, owner financed land typically offers a variety of options for your convenience. That means being able to choose different contract lengths, monthly payment amounts, and more!
NO. 5 – NO CREDIT CHECK OR QUALIFICATIONS
Perhaps the best part about owner financed land is that almost anybody can qualify. This makes the dream of land ownership a very real possibility regardless of your credit score or tax bracket.
Remember, it’s still important to do your homework whenever you make a big investment. Make sure you thoroughly research the land you’re interested in before making your final decision.
Make the Move
If you’re ready to take the next step towards land ownership, Sunset Ranches has everything you need to get started. With a $0 down, no qualifications financing program, finding that perfect parcel has never been easier. So don’t keep putting it off until tomorrow, contact Sunset Ranches to become a land owner today!