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Updated almost 3 years ago on . Most recent reply

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13
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2
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Roger Grubb
  • Realtor
  • 94806
2
Votes |
13
Posts

Selling 122 acres with some improvements. Need financial advice.

Roger Grubb
  • Realtor
  • 94806
Posted

This 122 parcel is my mothers. She wants to sell it for the value of land and improvements. 

It has 2 non-permitted, not attached to the ground, mobile homes, and 2 stick-built buildings, not permitted, so traditional mortgage valuation cannot include the buildings, just the land if a buyer uses a land loan. Correct? 

What other options can a potential buyer use to purchase this property "with improvements" for little money down? Other Improvements are a gun range, a permitted well, non-permitted septic system.

Most Popular Reply

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87
Posts
33
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De Rasche
  • Real Estate Agent
  • Near Memphis, Tenn.
33
Votes |
87
Posts
De Rasche
  • Real Estate Agent
  • Near Memphis, Tenn.
Replied

Depending on intended use, you may find an investor to fund the cause.

Buy with buyer's current home equity loan monies and and sell off pieces of purchase to fund the part you really want to keep (if road frontage allows parcels).

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