Michigan land sales for cash are a great option for homeowners looking to sell their property fast. They are quick and easy to close, as they do not require the same level of due diligence as a retail sale (which requires inspections, appraisals, and more time). A “we buy land” company can provide a fair market value for your property, and can close in just a few days. They will also be able to help you avoid costly repairs and delays while selling your property.
Known for its lakes, forests, and wildlife, Michigan is an outdoor lover’s paradise. There has never been a better time to invest in hunting or farm land. With record low land prices, buyers are able to enjoy affordable living in some of the country’s most beautiful scenery.
Some of the best land for sale in Michigan is situated on its many lakes, offering plenty of opportunities for boating, fishing, and swimming. Other types of available land include pastures and agricultural acreage, perfect for growing crops and livestock. Some people are also looking for waterfront homes, and there is no shortage of Michigan real estate for sale on the water.
Land contracts, which allow sellers to keep deeds for homes until they are paid in full, are flourishing again as an alternative to mortgages in cities nationwide. But in Michigan, a state with a long history of predatory lending, the contracts can be problematic. In the case of one woman, who moved into a home on a land contract in Detroit last year, she soon received eviction notices due to a $4,900 debt that predated her move-in.
The situation is making legislators rethink laws that allow buyers to bypass mortgages and use land contracts instead. Efforts are underway in Lansing to craft legislation that would add protections for contract buyers, such as requiring sellers to disclose any debts or liens on a property and require that homes be inspected and appraised before buyers sign up.
If you are interested in buying land for sale in Michigan, start by determining your budget and deciding how much of a plot you want to purchase. Contact a real estate agent who specializes in land sales to find properties that meet your requirements. You can also search online or check the classified section of local newspapers. Some people have even found land for sale through social media sites, such as Facebook.
