Buying Made Simple - Jan 30th 2009 @ 09:29AM
by Matt Stone
I’ve noticed sometimes in my life that I may be hesitant to undertake a new project.  The thought of a new undertaking or investment can cause anxiety for anybody, but it should not be used as an excuse for standing still in life.  Caution is not a bad thing in and of itself; it is sometimes what keeps us from going over that proverbial cliff.  Anxiety is something else entirely.  That is what completely paralyzes us and keeps us from moving out of our comfort zone.

Whenever I find myself in this position, I never give into the fear of the unknown.  Fear can be conquered by gathering information in any undertaking.  Through the acquisition of knowledge, a person can make an informed decision. 

Real estate investments are no different.  To the first-time buyer that does not understand the process of buying land, it can be a daunting task.  But this should not be, for the process of buying land is really very simple.

First, decide what type of property that you would like to have in your investment portfolio and what level of investment you would like to have.  After the property is identified and the level of investment determined on a specific property, the negotiations begin with the seller.  After a final price is reached, all terms are reduced to writing in the form of a sales contract.

Next a title company is hired to verify ownership of the land and that the seller has the legal right to sell the property and can transfer a clear, unencumbered title by virtue of a warranty deed.  A title company also acts as an intermediary between the buyer and seller to insure that all funds are held in escrow until the proper time, the deed is recorded, and transfer of ownership is recorded in the court house.  Also, a title company works with lending institutions if the buyer has acquired financing to purchase the property such as filing mortgages or other paperwork that may be required.
The next part is the best.  You get to go enjoy your new investment.  Whether it is for camping, hunting, or the solace of having your own tract of land that you can manage to best suit your needs, you are playing your part in being a good steward of our environment.

The preceding is a basic outline of the process of buying or selling a property.  Your real estate broker and title company can guide you through routine closings.  If at any point something becomes unclear to you, you can always exercise your right to legal counsel.

Don’t be faint of heart!  Let us help you find that investment or recreational property that’s right for you.

Naturally Yours,
Matt Stone 
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