How to Prepare for the Land Closing Process
Stay in the know by checking out this feature article by one of our own Potlatch Brokers, Pete Prutzman of Kingwood Forestry Services in Monticello, Arkansas.
EXCERPT:
In general, recreational property and timberland sales are usually simpler to close than residential sales. Often, there are no structures or other improvements on the property, so there are no utility bills to pro-rate, no termite policies to buy and no mortgage insurance, among other things.
Also, many timberland tracts have been held by one owner or family for decades; this often means there’s no mortgage to release and title research can be streamlined.
Keeping in mind that rules and laws vary state to state, here are a few things land buyers (and sellers) can do to make the land sales process easier…To read full article CLICK HERE.
Featured on www.LandThink.com.