Frequently Asked
How is buying land different from buying a house?
Quick Answer
Land purchases typically close faster than home purchases and often involve a land loan or cash rather than a standard mortgage, since there's no home inspection contingency required. However, land carries more due-diligence risk because there's no existing structure to inspect — the inspection period should be used to verify zoning, utilities, floodplain status, and survey boundaries, which together function as the real product being purchased.
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