If you want to find land for sale by owner, you know that there are plenty of advantages to it. One of these benefits is that you can haggle the cost with the owner so that you can get the property at a lower price. Another is to find out if the owner has abandoned that torn-down house you saw in the middle of nowhere.
How to Find the Land Owner
Buying from realtors and real estate agents can be costly. They may also direct you into the property that you do not like. Therefore, your best bet is to find the landowner for better negotiations.
The problem is that many landowners refuse to advertise their properties on popular websites. They also do not like to deal with realtors.
If you think finding the landowner of that piece of property that you are eyeing for is hard, you are wrong. There are plenty of ways that you can do to find where they are and to do business directly with them.
Here are some of the steps that you can do:
- Try to look at the classified ads
- Look up the websites niching on for-sale-by-owner (FSBO) properties
- Put up your ads
Although there are several unadvertised properties, you can still find a chance on classified ads. The examples are local newspapers, online advertisements, and city websites. If you cannot find one, why not put up the ad that you are on the look for land and will negotiate directly only to the landowner. You may also visit some websites niching on the FSBO properties.
How to Claim an Abandoned Property
Claiming or buying an abandoned real estate is probably the other reason why you need to find the owner of the property.
According to the law, you can claim abandoned assets like clothing, furniture, and stuff, but real estate requires a more complicated process. One of these procedures is to make sure that the owner has indeed abandoned the property. One way to do it is to find the owner and negotiate about buying the property.
If this is your case, you can find the owner in the following ways:
- Check the property tax records in the county.
- Ask the neighbors.
- Look for the property deed in the county and contact the mortgage company stated there.
If still, you cannot find the owner of the property, do not fret. You can even claim an abandoned real estate if it passes through the conditions stated by the law. Among these conditions is that you have to squat in the house and live there for several years.
Some states require 30 years of living in the property while nobody claims to be the owner of it.
However, squatting an abandoned house is risky because if the owner takes the claim of it, the owner can put legal charges against you, such as trespassing.
As you can see, finding the landowner offers more benefits than dealing with real estate agents if saving tons of money is your goal. It is not difficult to find land for sale by owner as long as you know how to do it.