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Searching for Recreational Land? Get Pre-Approved First.

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Chad Young
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Home > Education & Events > August 2018 > Searching for Recreational Land? Get Pre-Approved First.
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Hi, Chad Young with Compeer Financial. I work with a lot of clients that are looking to purchase hunting or recreational land and one of the mistakes that they make is they actually go to the realtor first and start looking for land without obtaining a preapproval letter.
 
What I would recommend is to find a lender that's very well versed in hunting and recreational land loans and get preapproved. That way, it creates some power for you. When you go to the realtor, you have a preapproval letter in hand and the realtor knows that you've done your homework, and he or she is going to show you some properties that are going to amaze you. When the realtor goes to the seller with an offer, that seller knows, again, that you've done your homework and that you're prepared to purchase their land.
 
I would recommend that you contact Compeer to get your preapproval first, and then go find some properties.

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