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Finding the Land You Are Dreaming of.
The Keys to Finding Your Dream Property in the Spokane or Coeur d'Alene Area.
Spokane
The average sale price of a home in Spokane, according to Zillow was $356K last month with an average sale price per square foot of $191. Spokane County has similar trends, with a median sale price of $415K and a median sale price per square foot of $209.
To find the best deal for your budget and preferences, you should do some research on the available listings and compare the features and prices of different lots. You can also consult with a local real estate agent who can help you find the perfect lot for your needs.
Coeur d’Alene
If
you are looking for a place to build your dream home in Idaho, you might want
to consider Kootenai County. This county has a lot of attractive features, such
as scenic lakes, mountains, forests, and wildlife. It also has a growing
economy, a low cost of living, and a friendly community.
But
how much does it cost to buy a residential lot in Kootenai County? Well, that
depends on several factors, such as the location, size, and amenities of the
lot. According to Zillow, the median listing price of land for sale in Kootenai
County was $299,900 as of December 2023. However, this price can vary widely
depending on the specific lot you are interested in.
For
example, if you want a waterfront lot with a private dock and a stunning view
of Lake Coeur d'Alene, you might have to pay over $1 million for it. On the
other hand, if you are looking for a more affordable option in a rural area
with plenty of space and privacy, you might find some lots for less than
$100,000.
Consult a Real Estate Pro
These are some of the reasons why using a real estate agent to find and buy acreage, land, or lot can be beneficial for you. First, you do not need to search for land on your own. A real estate agent who specializes in land transactions can help guide you to the right homesites. When you call the real estate agency ask for a professional and experienced land agent. Not every agent focuses on land and does not have the benefit of familiarity with available lands or connections a land specialist may have.
The best way to find out the current market prices of residential lots in Spokane and Kootenai Counties is to consult with a local land agent. You still need to do your own market research but, you will have a good starting point and a better understanding. They can help you find the best lot for your budget and preferences, and guide you through the buying process.
10 Benefits of Using a Real Estate Land Specialist
There are many benefits of using a real estate land specialist to
find and buy acreage, land, or lot. Here are 10 of them:
- A real estate
agent can help you find suitable land that meets your criteria, such as
location, size, price, zoning, and utilities. They can also alert you to
new listings that match your preferences.
- A real estate
agent can provide you with market data and analysis, such as the average
price per acre, the demand and supply of land, and the appreciation
potential of the area. They can also help you compare different properties
and evaluate their pros and cons.
- A real estate
agent can negotiate on your behalf with the seller and the seller’s agent,
and help you get the best deal possible. They can also advise you on how
to make a competitive offer, handle counteroffers, and avoid common
pitfalls.
- A real estate
agent can assist you with the due diligence process, such as obtaining a
survey, an appraisal, an environmental test, a title search, and a
property inspection. They can also help you identify and resolve any
issues or contingencies that may arise during the transaction.
- A real estate
agent can guide you through the financing options and requirements for
buying land, such as cash, home equity loan, refinance, construction loan,
or seller financing. They can also refer you to reputable lenders,
appraisers, and attorneys who specialize in land transactions.
- A real estate
agent can help you with the legal and regulatory aspects of buying land,
such as obtaining the necessary permits, approvals, and variances from the
local authorities. They can also help you understand and comply with the
zoning, building, and environmental codes and restrictions that apply to
your land.
- A real estate
agent can help you with the planning and design of your future home, such
as choosing a suitable house plan, hiring a qualified architect and
contractor, and incorporating green and energy-efficient features. They
can also help you estimate the cost and timeline of your construction
project.
- A real estate
agent can help you with the logistics and coordination of your land
purchase and home construction, such as arranging for the delivery and
installation of utilities, roads, and other infrastructure. They can also
help you monitor the progress and quality of the work, and communicate
with the various parties involved.
- A real estate
agent can help you with the marketing and selling of your existing home if you plan to move to your new land. They can also help you with the
relocation and transition process such as finding temporary housing,
storage, and movers.
- A real estate
agent can provide you with ongoing support and advice, even after you
close the deal and move to your new land. They can help you with any
questions or issues that may arise, such as property taxes, maintenance,
insurance, and neighbors. They can also help you with any future plans,
such as expanding, remodeling, or selling your home.
Where to Look For Land on Your Own?
For Sale by Owner
If you are looking for a residential lot in Spokane or Kootenai Counties that is “For Sale by Owner” (FSBO), you might be wondering where to start your search. There are many advantages of buying a lot directly from the owner, such as saving on commissions, negotiating more flexible terms, and having more control over the process. However, finding these lots can be challenging, especially if you don't know where to look. In this blog post, we will share some tips on how to find the best place to find for sale by owner residential lots in this area.
Start Online
One of the best places to start your search is online. Many websites specialize in listing FSBO properties, such as Zillow, Trulia, Craigslist, and FSBO.com. These websites allow you to filter your search by location, price, size, and other criteria. You can also view photos, maps, and contact information of the owners. Some of these websites also offer tools and resources to help you with the buying process, such as calculators, contracts, and guides. (See the hotlist below.)Go Old School Classified
Another place to look for FSBO residential lots in Spokane is in local newspapers and magazines. Many owners advertise their lots in print media, hoping to reach potential buyers who are interested in the area. You can check the classifieds section of the Spokesman-Review, the Inlander, The Nicklesworth, or other local publications.Word of Mouth
A third place to find FSBO residential lots in Spokane is through word of mouth. You can ask your friends, family, coworkers, or neighbors if they know anyone who is selling a lot in Spokane. You can also network with local real estate agents, builders, contractors, or developers who might have connections with owners who want to sell their lots. You can also join online forums, groups, or social media platforms where people discuss real estate topics related to Spokane. You might find some leads or referrals from other members who have bought or sold lots in Spokane.
Get Boots on the Ground
Frequently visit the most desirable neighborhoods. Go up and down the streets and dream a little. You can also look for signs and flyers in the neighborhoods where you want to buy a lot. Sometimes, owners post their own signs or distribute flyers to attract buyers. Meet some locals. Stop for lunch at a local dinner or coffee shop. Strike up a conversation. How do you like the area? Where would you like to live in the neighborhood? Is someone selling a lot?These
are some of the best places to find FSBO residential lots in the Spokane/Coeur d’Alene area. By using these methods, you can increase your
chances of finding a lot that meets your needs and preferences. However, before
you buy a lot from an owner, make sure you do your due diligence and research
the property thoroughly. You should also consult with a lawyer or a title
company to ensure that the transaction is legal and smooth.
Hot List of Undeveloped Land for Sale
Whether
you want to build your dream home, start a farm, or invest in real estate, you
can find the perfect lot or land for your needs. Here is a list of available resources for undeveloped
land for sale in the Spokane/Coeur d'Alene area:
Online Classified
Realtor: is the official site of the National Association of REALTORS ®.
Spokane Co Land - Realtor.com®
Redfin: Find land for sale near you with photos, prices, and property details.
Zillow: is the most-visited real estate website in the United States.
Trulia: is a subsidiary of Zillow. It provides recommendations, local insights, and map overlays that offer details on commutes, schools, churches, and nearby businesses.
LandWatch: is the leading and largest land site. It helps you find land for sale for a wide variety of interests like hunting, farming, ranching, and log cabins.
Craigslist: is the originator of online classifieds that many people continue to rely on.
Local Newspaper Classified
The Spokesman-Review has readership in Eastern Washington and Northern Idaho.
The Coeur d’Alene Press covers the City of Coeur d’Alene and the surrounding areas.
Real Estate listings - CDA Press
The Nickels Worth is the free classified newspaper for Northern Idaho.
Nickels Worth - Real Estate Classifieds
The Exchange is free and covers the Spokane area.
Before you Make an Offer
When you find a property that interests you, make sure to do your research before making an offer. Some of the things to consider are:
- The zoning and building codes of the area. You need to know what you can and cannot do with the land, such as the type of structure, the size, the height, the setback, the utilities, etc.
- The soil and water quality of the land. You need to know if the land is suitable for your intended use, such as farming, gardening, landscaping, etc. You also need to know if there are any environmental issues or hazards that could affect your health or safety.
- The access and easements of the land. You need to know how you can get to the land, whether by road, trail, or water. You also need to know if there are any rights or obligations that affect the use of the land, such as shared driveways, utility lines, drainage systems, etc.
Wrapping it Up
Buying a lot or land in Spokane and Coeur d'Alene can be a rewarding experience if you find the right property for your needs. There are many advantages of living in these areas, such as the natural beauty, the recreational opportunities, the friendly communities, and the affordable cost of living.
If you are ready to take the next step, don't hesitate to contact me today. I will gladly respond to your questions. I can expertly review your dream lot or land in the Spokane/Coeur d'Alene area. Together we will evaluate your land and the potential for being homesite for your new home. Don't miss this opportunity to live in one of the most beautiful regions in the country.
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