Purchasing land can be an exciting process. Whether you’re buying property for your dream home, investment purposes, or to raise livestock, there are a few key steps that must be taken into account. In this article, we will go over texas land purchase for cash guide part one.

The first step is to understand why you’re looking to buy land. This will influence the type of land you search for and what features are important to you. The second step is to determine your budget. Then you can start looking for your ideal plot of land.

Your Guide to Buying Land with Cash in Texas – First Steps

Once you’ve found a property that meets your needs, make an offer and have it put into a contract. You will also want to include survey contingencies in your offer so you can hire a professional to verify property boundaries and identify any encroachments. You’ll also need to learn about any water wells on the property before you close on the transaction.

Prices per acre have been on the rise in Texas, but it’s still possible to find some great deals if you keep your eyes open. A good resource for pricing data is the Real Estate Center at Texas A&M University’s website.

It’s also a good idea to research any local zoning laws that may impact how you plan to use the land. You’ll also need to be aware of closing costs. These will include a title insurance policy and fees to the title company. If you’re planning to grow crops on the land, be sure to check if it’s eligible for an agricultural exemption at tax time. This can save you a lot of money in the long run.