GovernmentAuction.com Auctioning Raw Land in New Mexico
For Americans desiring to invest in real estate, this is an opportunity they must not miss. GovernmentAuction.com is auctioning raw land in New Mexico. Buyers can participate in auctions to get land at the cheapest possible price. Whoever makes the winning bid can buy the land through one lump sum payment or finance the sale and make monthly payments.
Talking about it, a senior executive with the company said, “We’re a private company that works closely with several government agencies to purchase parcels of land in bulk through foreclosures, bankruptcies, tax lien sales, surplus land and liquidation sales. We also buy land from estates and trusts.”
New Mexico is a state known for breathtaking landscapes, deep heritage and a vibrant culture. Approximate 41 percent of the state is publicly owned. It is common to find land parcels near Santa Fe, the state capital in the range of $5,000 per acre. Land in the southern Rocky Mountain region is priced around $300 per acre. Land on Colorado plateau is priced between $1,000 and $85,000 per acre. Majority of region is made of public and tribal lands. Parcels in Arizona-New Mexico Mountains typically sell from $250 to more than $30,000 per acre.
It is important that the buyers do their research before buying low priced rural land. As the executive said, “You need to have all the details like Assessor’s Parcel Number (APN), Parcel size, Location, Time limit to build, Power, Water, Phone, Sewer/septic, Roads, Dues, Taxes, Terrain and Zoning. APN can be used to call the county assessor’s office and obtain additional specifics about the land.”
Winning people who are making one upfront payment have to pay the bid along with 15% buyer’s premium and $249 processing fee per sale. People opting for financed sale need to make down payment which is subtracted from the total cost of land. Monthly financing is provided by the company itself at 9.5% interest for land for sale in New Mexico. They are also required to pay a $199 processing fee per sale.
GovernmentAuction.com is among the largest government surplus land auction companies in the US. Whether buyers are looking for land for sale in Arizona (http://www.governmentauction.com/learning-center/why-buy-land/arizona-land/), New Mexico, Texas and any other state, they make it available. Land parcels are available for sale in the size from 1 acre to 640 acres.
For more information, please visit http://www.governmentauction.com