What Is A Raw Land? The Basics. Raw land is a property in its most natural state. The land has not been cultivated for any sort of crop or livestock. There are no improvements such as walking paths, homes, or fences. Is raw land a good investment? Buying raw land is a very risky investment
Who Pays Closing Cost On Land Sale? California’s basic transfer tax is $1.10 per $1,000 of value, reports CaliforniaCityFinance.com, and generally the seller pays the cost. If a $575,000 piece of land changes hands, the seller will pay the entire $632.50 tax at closing. Who pays closing costs in cash sale? Who pays closing costs?
What Do I Need To Know About Buying Raw Land? Do work with an agent to find the land. Do have your finances in order. Do consider the value of homes in the neighborhood. Do take utilities and road access into account. Do consider incentives. Don’t expect to get a loan. Don’t skip the environmental