Land and Lots for Sale in and Around Irvine California
There may not be much left but there is available lots and land still for sale in the Irvine area. At any given time there are roughly 2-5 properties for sale perfect for building or customizing your dream home. Whether you are looking for a small parcel for a vacation home or your dream home on Canyon Creek Drive in Irvine, helping you understand the land buying process and getting financing if needed.
Lots in Irvine range in size from .5 to 1 acre and are priced from about $2 million to $3 million. Most of these properties are already prepared with utilities and water as well as easements for access.
Financing your land purchase is slightly different than a single house or built property. You will need to do the research on the property ahead of time in order to present your request to lenders. You may also want a survey completed in order to verify the boundaries.
You will need to inform the lender of the possible assets and/or improvements of the land. How close is the property to utilities, safety issues and any ways to produce assets on the land if applicable. Other improvements may also add value to the land including trails, roads, wells or outbuildings.
Figure out and shop for the best loans and rates out there. Land loans typically require more down payments since the lender is undertaking more risk. You maybe able to obtain a 203K loan which allows for buildable funds during the construction process. Shop all your options and don’t just go with the first lender you speak to. Understand your options and all the programs for you. (Your real estate agent can help with all this).
Make an offer
Before making an offer you should know what the property is worth. Don’t just trust the listing agent. Have your own agent run the numbers to make sure you are not over-paying for the property. Get the title information and history from the county recorder’s office to verify information on the land. The county planning department will also have any additional plans for area so you can assess the future value of the land. Your offer should have several contingencies including the inspection and any additional inspections such as well, utilities, usage and easements.
If you would like more information on all the land for sale in Irvine or surrounding areas, feel free to contact me anytime @ 949 748-9834 or email me email@example.com