In this video, they talk about two things when you want to buy some land. These things include how to pay and the flood elevation certificate. Owner financing: The seller lets you pay for the land over time. That way, you start building on the land faster. The seller makes a little extra money too.
When the seller agrees to owner financing, they’re doing one thing. They allow you to rent the land for a while. What that means is they’re letting you build and slowly own the place. To make this work, you’ll need a loan for building your home. In the end, it’s all one big happy family. That is the land, property, and one easy Modeina payment for everything.
But, just like anything, you must check out all the details about the land. Familiarize yourself with its history and any special rules before you sign anything – like who owned it before and if there are any weird rules about what you can do with it. You must know this to avoid getting stuck on a yucky piece of land.
The second thing is the flood elevation certificate. If your land is near water, you need this paper. It tells you how high floods might get and if there are rules about what you can build. The certificate is important, so you don’t erect a property that gets washed away.
