Buying Land

**Craig Artzner** · 02-25-2009, 04:53 PM

As far as buying land, I hear it's usually a cash transaction. Is this true? Or are there other financing options?

**Jenie0109** · 02-25-2009, 07:03 PM

It really depends on the negotiations. Cash is the normal way of payment but I believe some accept checks.

**Malok** · 02-26-2009, 09:26 AM

I would have to assume you are speaking in regard to financing - and not literally bringing in a brief case full of money to the closing and throwing it on the table.

For our area, land can be financed assuming standard things like good credit, etc. Generally, the lenders around here require a higher downpayment than would normally be required buying some other sort of real estate like a single family home.

**Craig Artzner** · 02-26-2009, 03:12 PM

Yes, it was financing I was wondering about. I don't have a briefcase full of cash, but I do have an extremely high credit rating.

**Greg** · 02-27-2009, 05:13 AM

Around here there have always been some type of loan programs for land. They usually require a large down payment and do not run as long as regular loans.