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A Great Option to Sell Vacant Land

Even in the best of markets selling vacant land or just an empty lot can seem like a tedious chore. Honestly there is a limited scope of buyers looking to purchase vacant land, and sometimes even if they are truly interested they themselves have limited financing options especially if they wish to build their house on that land. 

What if I told you that a buyer could purchase that land at the same time they have their home construction funded for the entire home build. Well look no further! Our construction to permanent loan includes the purchase of the land without the buyer having to own the land prior to the closing. 

For that listing agent the following question seems to be "Well how I do I set that transaction up?" Easily...  You have your pre-approved buyer sign a contract with your seller including earnest money. During that time the buyers have their approved builder's plans and site improvements provided to 1st Signature Lending.  We then order the appraisal, and when the appraisal is completed we provide our "One-Time Closing" that funds the land owners' proceeds, the entire construction proceeds, and the agent's commission.  Everything is paid at that closing.

This is a perfect option for that buyer that doesn't have all the money to buy the land outright. We even include their deposit towards the land and their deposit to the builder as their down payment for the loan. So the buyer has very little required to bring to the closing. We provide this construction loan for VA, USDA, FHA, and Conventional borrowers so we have multiple loan programs that allow us to offer the best option for the buyer. 

If you are selling multiple lots, even better. We team up with a builder, you sell each out individually, and make even more commission. The best part is when the loan closes you are paid. You do not have to wait for construction to be completed on each property. 

If these options are interesting. Give me a call at 720-441-3023 or email me at djohnson@1stsl.com, and lets figure out a game plan that helps you sell that vacant land. www.coloradoconstructionloan.com 

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