ALCs, unlike other real estate agents are land experts. They have taken a course load that is rigorous through the Realtor Land Institute’s Land University program. They can help you to navigate the process easily, and their support is crucial in getting the best property for the best price.
It’s important to choose an ALC who understands your communication style and goals. How do you find these people? Here are the five most important questions you should ask a Realtor, before beginning your land search.
1. What Kind of Land Deals Are You Specialized In?
Even experts have certain areas in which their expertise is more valuable than others. It’s important to know which land deals a Realtor is best suited to help with. This is especially true if your transaction requires a little extra expertise.
2. How well do you know the local zoning laws?
A good land Realtor will do extensive research to make sure that a property meets your requirements. The best land Realtor will have this information and be able to walk you through the guidelines and restrictions while you are searching and touring various land options.
3. Do you have any other specialists that you can refer me to?
Land buying is not an easy process. You may need to hire a lawyer and an inspector in addition to other specialists, such as a soil tester, engineer, contractor, etc. It is best to work with someone who has a list of trusted names.
4. What is the level of involvement I can expect?
A land Realtor, who is worth his salt, will do more than just send over carefully curated land listings. This means that comprehensive support includes hands-on assistance with every aspect of buying land, such as financing, planning and transaction paperwork. You can also use this question to learn more about the communication style of your Realtor, and how responsive they will be on a daily basis.
5. What is your fee structure?
You may have to pay additional fees for the services that your ALC provides. Find out upfront what the cost will be to avoid any unpleasant surprises. While you might end up paying more for a land Realtor to represent you than a regular real estate agent it will almost always be worth it.
Are you ready to find the land Realtor, who checks all of the boxes? Our agents at Preferred Properties of Texas are here to help!
