Below are great tips on finding the right property to build a custom home.
Unless you have cash, you must obtain pre-approval by an approved lender - this step is vital, especially when you find land and want to make an offer. If another offer comes in that does have pre-approval, the seller will accept the offer from the pre-approved buyer. In addition, by getting pre-approval, we will only focus on property that is within your budget which will save time and heartache.
Search for desired land. When acceptable land is found, asking the listing agent questions about the land, including, by not limited to: right of ways, easements, covenants, or other deed restrictions or encroachments? Homeowners/association fees? Wetlands, floodplain? Access to power, gas, water, or sewer? Potable water? Percolation test needed? Septic design? Boundaries clearly and accurately marked?
MAKE AN OFFER RIGHT AWAY BEFORE IT’S GONE! A good deal doesn’t last long.
Make contact with the county/city and utility providers on the unknowns. You will need to have the APN (parcel #) of the property you need information on. Always best to get information in writing.
Health Department - Finding out about water and waste options is vital, including connection costs. For septic systems, has there been a percolation test, what type of system is needed. Water quality. How deep will a well need to be drilled? Areas of high water table or poor soil for septic.
Planning/Building Commission - Checking on zoning restrictions, building size requirements or style, permit fees and costs for building, electric, well, septic, etc.) Any special assessments or impact fees?
Assessor’s Office - Tax information and more information on zoning, flood areas, wetlands, restrictions, road footage or easements.
Title Company - Getting a clear title. Understanding easements or lack of easements that may affect your property use and availability of all utilities.
Surveyor and Civil Engineers - Where are the property lines and how is soil stability? Knowing these things can drastically change the type of home you put on the property as well as the type of foundation that is necessary.
Utility Companies - What are connection costs and total costs to bring power to home, including fees, trenching, and meter installation. Can natural gas be brought to the home, including fees, trenching, and meter? May need to get outside bids for trenching and extending lines.
Internet/Phone - What are your options for phone, cell phone service, cable, satellite, high-speed internet? Do you work from home?
Well Driller - Contacting a well driller if a well is needed on costs to install the well, labor and materials including pump, trenching, backfill, etc. Testing of water for quality. What sort of water treatment systems are commonly used and cost to install and maintain.
Lawyer - Seeking the advice of a lawyer on any questions that remain unclear after speaking to the seller, the agent, or city/county officials or speaking to the appropriate professional.
Prior to escrow or during the inspection period, make sure you negotiate the proper time you need. Based on contingencies and the above information, make a decision on whether to purchase.
Your Search For the Right Lot Is My Priority!
Khrystia at Umpqua Bank is a preferred lender for HiLine Homes. If you’ve been dreaming of wide-open spaces, Khrystia is here to help. As a large-acreage specialist, she knows how to navigate the complexities of the associated loan programs. Throughout her 18 years in the industry, Khrystia has also developed strong expertise in other types of financing options, including conventional, FHA, VA, construction and first-time buyer loans. Her knowledge, skill and world-class service have earned her numerous industry awards, including Portland Five Star Mortgage Professional and Construction Specialist of the Year.
Lake Oswego, OR KhrystiaWaibel@UmpquaBank.com
Chad Jackson at Alliance Capital Partners is also one of HiLine Homes' preferred lenders. An owner and partner with Alliance Capital Partners, Chad provides home financing with a personal touch for homebuyers.
As a mortgage professional in the wholesale channel, Chad has working relationships with several local banks. With the ability to compare rates between ten different options, his clients benefit from a rate and fee structure that is consistently more competitive than the larger, nationally recognized lending institutions.
His knowledge and experience in the mortgage industry allows him to complete the mortgage planning process with his clients in-house instead of relying on banks and lenders who do not even operate in our time zone. I make the process seamless and easy to understand, identifying and communicating everything that is needed on the front end of each transaction.
Owner and Broker
Alliance Capital Partners
In 2008, Ana began her career with Tri Counties Bank as a teller and quickly realized this was the industry for her. After her first year she became a banker and discovered her passion for helping customers achieve financial success. As a Home Mortgage Specialist, she prides herself in identifying her customer’s specific needs whether they are buying their first home, purchasing land, refinancing their existing home or purchasing an investment property. Going through any of these situations can be stressful and time consuming so it is always her first priority to be there for her client to answer questions, provide information and make the process as smooth as possible.
Tri Counties Bank
1250 Hilltop Dr
Redding, CA 96003
(530) 722-2249 ext 88549
Copyright © 2019 Realty By Veronica - All Rights Reserved. Member of SAOR FlexMLS. Fair Equal Housing Opportunity. Veronica Normandeau is a licensed REALTOR® in the State of California, DRE 02015127. Brokerage services provided by HomeSmart ICARE Realty, 3461 Fair Oaks Boulevard, Ste 125, Sacramento, California 95864.