7 things to consider before buying farm land

Due to the increase in crop and livestock prices, many people think that investment in farmland is a very profitable. There are many farm land for sale. If you are thinking of buying farmland, then here are seven things you need to consider and Stonewall Ranch is going to give you some friendly advice.

Plan ahead

You should have a realistic expectation when you are looking for farmland. Having some knowledge of the rural property is important. The type of property you buy will have a huge impact on the size of the down payment. You will have more income potential if the land is more productive. If the property is ‘recreational,’ you will have to invest more.

Find out your financing needs

If you have cash, then all you need to do is compare how much you can afford and the price of the property. If you need to finance part of the purchase then you should talk to a professional rural lending expert. The lender will be able to finance land, and the items after the land have been purchased but be careful about buying in Liberty Hill. Why might you ask? See my rant about home prices in Liberty Hill.

Type of soil and drainage

You should know the type of soil. You can ask for a soil test. It will give you a report of the nutrients that are present in the soil and that are not there. If you need to add more nutrients to the soil, then your cost will increase. You should conduct research on the farm’s drainage. If the farm is terraced, you should make sure that the terraces are in good order.

Hire a realtor

Realtors can provide lots of information to help you. They will help you with the closing. Realtors can explain you many procedures and find out who will be responsible for some of the expenses of the transaction. They will help you negotiate with closing fees, document preparation, etc.

Know what items are included with the sale

All the parties involved in the transaction should know about the things that are included in the transaction. A detailed list of the things such as gates, portable sheds, fence posts, feeders, livestock panels, etc. should be part of the contract.

Insurance

You should have title insurance to ensure your ownership of the farm. The title insurance will tell you if the site you purchased has been a hazardous waste dump site before or not. If the farm has buildings, then you should find out if it lies in a flood zone or not. If it does, then you should buy flood insurance.

You should have a detailed contract so that all the aspects of the farm are included. This way no conflict will take place. You should go to a realtor to help you look for farmland for sale and purchase them.

Why You Should Repair Your Credit Score Before Buying a Property?

Buying a house has to go through a lot of processes. It’s because there are a lot of factors to consider before you can purchase one. The most important factor you should consider is your credit score. If you don’t have flying colors in the credit report, don’t expect that it will be easy when it comes to loans application and mortgages issue. Here are the reasons why it is important to repair your credit score even before thinking of buying a house.

1. The best rates go with excellent credit scores

Mortgage plays an important role when you want to purchase a home. When we say a mortgage, we are also talking about the interest rates that you can get alongside with it. The interest rate will be computed based on several factors. The lending companies will base it on the amount of the loan, property type, and credit score.

2. The Sellers will not wait for you forever

Repairing your credit score cannot be done overnight. The process of fixing it takes time. It is important that even before you think about purchasing a home, you have already started in fixing your credit standing. Most of the sellers will have their property listed wanting to get a buyer the soonest possible time. Waiting for you to get your credit score fixed is not something that they would do.

3. Subprime Mortgages Do Not Exist Anymore

Subprime Mortgages may sound familiar, but it’s now a thing of the past. Before, if you have a not so good credit score, getting a home is still possible but those days are gone. These days, the lending companies even tighten their qualifications that they are looking for an almost perfect score before they approve your application.

A little advice if you are thinking of buying a home. Learn from the DIY credit repair guide and start fixing your credit score at least two to three years before you make a purchase.

The Top 4 Things You Should Do When There Is A Plumbing Emergency

In a home, there are instances where we experience some problems with our water systems or drainages. It’s just that some things are out of our hands and there are accidents that we cannot avoid. If that is the case, it is already considered a plumbing emergency. It doesn’t matter where you live because one way or another you will experience one of these emergencies. Check out the things that you should do in case of an emergency.

1. Shut off the main valve

It is the first thing all of us should do. We need to close the main water line to make sure that we can avoid extreme damages. In cases of a leak and you can find the origin of the problem, you can just shut off the water line in that area. If you can’t locate the problem at hand, it is necessary to turn off the whole water system until help arrives. You have to make sure that you can shut it off fast because the longer the water is running, the more damages it can incur.

2. Check for the damages

Before you pick up the telephone and request for a plumber, it is best if you can assess the situation you have at home. It is the best thing to do so you can explain things clearly to the plumber that you will call. If you know the origin of the problem and have it relayed to the plumbing team, you can be assured that the fix will be much faster. Upon checking the damages, try not to do some things that could worsen the situation even more. Do not put anything on the pipes, trying to resolve the situation on your own.

3. You need to call your water company

It is necessary that you will have the water company informed of what is going on. You can also explain the situation since you have already checked the extent of the problem. You don’t have to think that it is your fault why the problem occurs. There are a lot of situations that the issue is coming from the main pipes. If that will be the case, your water provider can send a plumber in an instant free of charge.

4. Call a plumber

If the issue is within your responsibility, immediately call a plumber to make sure that the pipes will be fixed quickly. Don’t worry because if you live in a busy place like the city, there are a lot of companies that you can call anytime. What you need is a big city plumber that will take care of the problem the soonest possible time. Many businesses are offering 24/7 services, so you have nothing to worry about.

In this kind of situations, make sure that you will immediately get help. The water system needs to be fixed the soonest possible time. The longer you wait could mean more money that you have to spend for all the damages.

4 Essential Tips For The First Time Homebuyers

Buying a home for the first is something that we are all excited to do. It’s a big investment that needs more serious thoughts. If you haven’t done this before, the things you have to go through might surprise you. Let’s get you prepped up before you make a purchase. Here are the necessary things you need to know as first-time homebuyers.

1. Save ahead of time

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Buying a home for your family is a good thing, and as much as possible you don’t want to end up paying an enormous amount of mortgages. The best way to avoid it is start saving for the deposit as early as possible to lessen the mortgage amount that you would need to pay for the succeeding years.

2. Never rush your purchase

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Buying a home is a big investment. You need to think things carefully to get the right house for you. You need to consider the neighborhood, the things inside the house if you still need to repair a lot of things, the condition of the property and a lot more.

3. Take time to look for the best lending company

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Every lending company differs from the other most especially when it comes to their rates. Don’t just settle for three or four options because there are a lot of lending firms out there that can give you the lowest interest rate.

4. Be hands on during the home inspection

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As the buyer, it is important that you are hands on during a home inspection. The home inspector can check a lot of things, but they are not there to check stuff that is not visible to the naked eye. You should be attentive, ask questions to the home inspector and write notes. The most important part though is for you to inspect the property yourself which is what we did for cornerstone.rehab

As a first time homebuyer, you need to be cautious, so you will not regret the decision you’ve made.