Finding our Lot

Finding the Lot

Our next step in the process was to finalize on our lot that we would build our house on. Originally we planned on building on some land which is family owned but it's not in the exact location we wanted.  Plus, we would also need a well and septic system installed. So before deciding on the lot, we decided to take a look to see what land was available in town by going to realtor.com. The selection wasn't great online but we did find a lot we liked.

After much debate and back and forth between living farther from work and out in the country we thought we were ready to make an offer on the lot in town. We called the realtor to inquire about the land, after talking with the realtor we found out the land had recently been foreclosed on because the owner ran into some hard times. My first thought was cool, I can contact the bank and get a really good deal! I contacted the bank and tried to get to the right department to discuss buying the land, ultimately after multiple calls and multiple hours talking with people we came to the conclusion that we wouldn't be able to purchase that piece of land for at least 6 months but that was not guaranteed and the guy I talked to said that he has seen land sit in foreclosure for years before being listed. Great, back to the search... I tried using the internet again, then even tried calling all of the realtors I could think of to see if they had known of any land for sale that wasn't online, ultimately we found that by just driving around town and driving down subdivisions was the best way to find land for sale. We ended up finding a very nice corner lot in a quiet sub division close to the school and catholic church.

Finally our minds had been made up so we called the developer who owned the lot and made our offer, unfortunately there was little wiggle room with the lot price, but after some back and forth we came up with a number where we both agreed. Awesome! We setup some time that Friday to sign the purchase agreement, then called Wayne Homes to make it official and get the process moving!