5 Land-Buying FAQs Your Local Broker Can Answer

5 Land-Buying FAQs Your Local Broker Can Answer

Here at Rhoades Real Estate, we’re advocates for working with local brokers when buying land for business or pleasure. Whether you’re looking to expand your farm’s footprint, gain access to some great new hunting ground, or invest in property for the future, a local broker’s knowledge is indispensable. The advantage of working with a local firm is in their extensive knowledge of the land, market, and history of the area. There’s no substitute for trusted regional experience when it comes to answering these five frequently asked questions.

What is the best way to purchase land?

As a broker and auction firm, Rhoades Real Estate is able to offer the best of both worlds when it comes to purchasing land. Depending on your budget, timeline, and other needs, you may be better served by buying land in a traditional sale, or through an auction. Look for a local firm that specializes in both services to maximize your options.

Am I paying a fair price for land?

Here in Fulton County, Rhoades Real Estate knows local land prices better than anyone. We can help you find a property that matches both your personal needs and your budget. Brokers are able to offer insight into what a fair offer would be, and might have other helpful suggestions that could increase the likelihood of your offer being accepted.

What is the best purpose for this land?

Some land excels as farmland, but other properties are better as hunting grounds. A local brokerage like Rhoades can help you find the perfect property for your needs. We can also recommend local businesses for services like soil testing, surveys, and inspections, should you have further questions.

What are my financing options when purchasing land?

Every buyer’s financial situation is different. Deciding on financial options like loan terms and down payments can be daunting, but a local broker will be able to direct you to trusted banks and advisors and offer their experience as a guide moving forward.

What resources does this land offer?

Some properties have obvious resources, like a water source or natural windbreaks. Other land assets may not be as clear: properties might be in close proximity to important businesses, locations along popular migration paths for game birds, or in an area slated for future development. A broker with plenty of local knowledge will pass those details on to you, so you can make an informed decision about your purchase.

If you’re interested in central Illinois farmland or recreational properties, give us a call at (309) 647-8811 or visit our contact page. We’d be happy to answer any of your land-buying questions.