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October 31st, 2015, 06:22 AM
#31

Originally Posted by
73hunter
I would never have guessed that banks would not mortgage vacant land....does anybody know the logic behind this ?
Vacant land is not very liquid. Also very hard to put a precise value on it.
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October 31st, 2015 06:22 AM
# ADS
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October 31st, 2015, 07:32 AM
#32
Did this myself last year. Lots of work and lots of good advice here. MLS not very useful for anything under say $150k-$200k. Realtors relatively small commission means they don't do anything other then just list them. Check Kijiji and other sites. Maybe place a "looking for land" ad and even post flyers in local stores. Access is also important. Is it legal right of way or road or road allowance, or just a neighbourly "its ok to drive on my trail to your place" (until I change my mind). Also check with the town how much land you need if you intend to build.