How to Buy Land in Texas

Land in Texas is known for its rural environment and wide-spanning views. Compiled of several distinct regions, Texas land is versatile and the perfect choice for landowners with a variety of interests and goals. Whether it is rural land in the Big Bend country of west Texas, land near the Dallas metropolitan area, or land deep in south Texas near the Gulf of Mexico, Texas land offers its owners about every possible opportunity.

Below are some tips on how to find land in Texas, how to start investing in Texas land, and some things every potential Texas land buyer should keep in mind during the process.

How to Find Land in Texas

Finding the perfect plot of Texas land can be a challenging task, but it doesn’t have to be. The best way to avoid the struggle of locating potential lots is to partner with a Texas land seller. When choosing someone to partner with, it’s important to make sure they have a long list of experience and good reviews, for locating and buying Texas land.

Partnering with an experienced land seller is a great first step, and will make your land buying experience much easier. Not only will an experienced land seller have the most current list of potential properties on the market, but more than likely, they will also have financing options available to help save you money. These financing rates may even be more competitive than the rates offered by your bank.

How to Start Investing in Texas Land

Once you partner with an accredited and experienced seller and find the perfect plot of land, the next step is to purchase the land and start capitalizing on your investment. In Texas, land can either be bought with cash or with a land loan. A land loan differs from a regular home mortgage. Home mortgages normally run for 30 years, but land loans commonly consist of shorter terms. Land loans can consist of terms as low as a few years.

When using a land loan to purchase your plot of land, expect to make a higher down payment than you would for a regular mortgage. The exact down payment needed to activate your land loan is determined by your loan-to-value ratio (LTV). Similar to a home loan, land loans can be formed around a fixed rate or an adjustable-rate.

What to Keep in Mind When Purchasing Texas Land

In addition to establishing your land loan, there are several other things to keep in mind when purchasing Texas land. Added fees such as permit fees, lot preparation fees, and utility fees also need to be factored into your land-buying equation. These fees are important to keep in mind for any land buyer that is looking to develop the land for residential or commercial use.

You will need to secure all of the appropriate permits BEFORE  building any structure on your land. Depending on your land type and location, the permit costs can vary. The land seller should be able to provide more information on which permits you would need for your particular land use goals.

Lot preparation fees and utility fees can also vary greatly from property to property. More isolated lots and forested lots normally require more preparation and utility set-up services. Your land seller should also know about these fees and provide you with the information you need.

Enjoy Your Texas Land Buying Experience

Every Texas land buying experience is different, but can be greatly impacted by the land seller you choose to partner with. An experienced land seller will make your experience enjoyable, provide you with the necessary information, and make you feel confident in your land-buying decisions. A trustworthy land seller will also provide you with information on additional land buying/owning fees.

Explore our list of available Texas properties and find the piece of land that is right for your needs.