Philadelphia realtors are here to offer detailed information about vacant lots for sale and help you make an informed buying decision. Considering buying vacant land in Philadelphia? In some cases, the Philadelphia Land Bank will sell a vacant lot to you for $1. Find Your Ideal Piece Of Land. ... to our Wholesale inventory. You could try to acquire raw land by watching for it in a listing service and buying through an agent, or you could buy vacant land for sale by owner Philadelphia directly. Now that you’ve purchased your land, what is your holding plan? The vacant lot or property must share a border with your home. Here are the steps to follow: Before buying vacant land in Philadelphia, PA, ask yourself: what is my goal with land? Is it on a canal? How are you going to do that? Another option would be to form a partnership to invest in vacant land, and you may form an agreement to pool your funds to buy a larger portfolio of land with larger returns! The problem gets worse when owners neglect their property, and when people use empty lots to dump their trash. More exposure and leads for agents and brokers. There are only a handful of banks that will loan on raw land, and they usually require a much larger down payment. Enjoyment. First of all, you can call us at (267) 690-9263 and we can help you find what you are looking for in Philadelphia. The median listing price of land in Philadelphia is $257,950. Sign up for the Philadelphia Land Bank to look up the stats on the vacant … The process for reporting and addressing vacant lots in Philadelphia is outlined below. 5 Steps To Buying Mobile Home Investments In Philadelphia, 5 Steps To Buying Commercial Property Investments In Philadelphia, 5 Steps To Buying Rental Properties In Philadelphia, 5 Steps To Buying Vacant Land In Philadelphia, How Anyone Can Get Started With Philadelphia Real Estate Investment. It is a lot more difficult to buy vacant land with a loan from a bank than it is to buy a building, residential or commercial. Zillow has 241 homes for sale in Philadelphia PA matching Vacant Lot For Sale. If so, what am I going to build? If so, what am I going to build? Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Philadelphia. Check listing at https://property.phila.gov/. These answers will guide you to finding your ideal purchase. You can report a vacant lot … If not, there will have to be legal paperwork done that takes time and costs extra money. Look into the current and future zoning of the vacant land, will the municipality’s plans interfere with your own? You must be the only interested buyer. Here are the steps to follow: Step 1. We’re dedicated to our neighborhoods and the people in them. Low Competition. Reason #4. Review the physical characteristics of the property, will it be large enough for your plans? Late license payment If you renew your license more than 60 days … Will you be able to request an exception? Owner must be named on the deed to his/her residence to be eligible. Find lots for sale in Philadelphia, PA, save precious time and effort by finding, Philadelphia New Homes and Condo Developments, Philadelphia Single Family Homes for Sale, Philadelphia Commercial Properties for Lease. There are also public auctions held by cities and counties in PA that frequently offer vacant land for sale, mostly due to unpaid taxes. Search land for sale in Philadelphia PA. Find lots, acreage, rural lots, and more on Zillow. Are there plans for utility expansion? Am I looking for commercial or residential land? It is a lot more difficult to buy vacant land with a loan from a bank than it is to buy a building, residential or commercial. Buyers responsibility to do your own due diligence and verify all information. 1,062 Lot/Land For Sale in Philadelphia, PA. Browse photos, see new properties, get open house info, and research neighborhoods on Trulia. Make sure to look up the property taxes, if there are any open certificates and you purchase the property, the owner might be able to take the property back from you before the waiting period is over, typically 4 years.Â. Then they approach those landowners and make an offer, negotiate the offer, and then set up the paperwork to make the … Our properties move fast so contact us quickly if there is a property you want to purchase. You can work with a Realtor who has … Enjoyment. There are a handful of ways to find vacant land to buy. Available properties on the next page. The process. *Our newest deals go out to our subscribers BEFORE they hit the MLS. All properties are sold for cash or hard money. Looking for Philadelphia, PA land for sale? Buildable 12 x 50 vacant lot for sale in the surging East Kensington submarket of Philadelphia, Pennsylvania. Finally, we're back to good old surveying after mentioning it as a potential basic cost in … Am I looking for commercial or residential land? There are only a handful of banks that will loan on raw land, and they usually require a … View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Call to report vacant lot. Own and live in the property next to the vacant lot. PHA may sell properties via public auction or transfer properties in bulk to the City of Philadelphia's Land … Located just 1 block from the Septa train (Huntingdon Station) and 4 blocks from Frankford Avenue, the hottest street in Philadelphia… The longer you hold it, the less capital gain tax you will have to pay, but keep in mind there are usually annual taxes and possibly owner’s association dues.Â. Enjoyment. Considering buying vacant land in Philadelphia? Am I looking to build on this land? … You’ve found the vacant land you want to buy. There are a handful of ways to find vacant land to buy. Check into the plat maps and any surveys available to make sure there are not any surprise easements you are unaware of. Another reason to think about buying vacant land for investment in Philadelphia … Do you plan to pay cash, or do you need a loan? Why Land. In this blog post, you’ll read about 3 reasons why you should buy raw land … First of all, you can call us at 215-876-0355 and we can help you find what you are looking for in Philadelphia. Working with a real estate professional might be ideal if you are new to buying vacant land, they know the tips and tricks of the trade.Â, Real estate professionals have easy access to most sources of information for research on vacant land. Fill out the form below to join our "Preferred Property Buyers" list and for local real estate updates too! It does not hurt to do your own research, just to double check.Â, Search the county records for the deed and ownership history. Reason #4. Another reason to think about buying vacant land for investment in Philadelphia … With traditional real estate investing, you generally have to deal with a lot of stiff … Next City reports that the Philadelphia Land Bank sold a total of 127 vacant lots during the first two quarters of 2016, accounting for 19.1 percent of the growth we observed between 2015 … This field is for validation purposes and should be left unchanged. You can also find properties for sale by owner on public posting boards online. Are there any deed or usage restrictions or building requirements? Potential buyers of properties held by the Land Bank will need approval from City Council (or, more narrowly, the district Council member where the property is located), the Land Bank’s Board of Directors and something called a Vacant Property Review Committee (VPRC). You can work with a Realtor who has access to the multiple listing service, or MLS. If and when PHA has disposition approval for a particular property, it will generally not be sold directly to an individual. Find lots for sale in Philadelphia, PA, save precious time and effort by finding nearby land for sale, see property details, photos and more. The property must be less than 3,000 square feet in size. Some vacant land investors prefer to do the legwork themselves: they drive around or comb through city records to find landowners who are selling in the area. Surveying. Pay closing costs to buy the lot. If you’re thinking about buying land, you have a couple of options. Another reason to think about buying vacant land for investment in Philadelphia … The City of Philadelphia or its agent may re-present your check electronically to your depository institution for payment. Prices are NET to seller with buyer paying all closing costs. 3104 EUCLID AVENUE, Philadelphia, PA 19121, 1856 CLARENCE STREET, Philadelphia, PA 19134, 3560 EMERALD STREET, Philadelphia, PA 19134, 3401 GERMANTOWN AVENUE, Philadelphia, PA 19140, 1915 E HAROLD STREET, Philadelphia, PA 19125, 1850-1856 N LEITHGOW STREET, Philadelphia, PA 19122, 203 DIAMOND STREET, Philadelphia, PA 19122, 2078 E ELKHART STREET, Philadelphia, PA 19134, 611-613 EMILY STREET, Philadelphia, PA 19148, 3118 CECIL B MOORE AVENUE, Philadelphia, PA 19121, 3240 JASPER STREET, Philadelphia, PA 19134, 2516 W DIAMOND STREET, Philadelphia, PA 19121, 4202 LANCASTER AVENUE, Philadelphia, PA 19104, 2130 E CLEARFIELD STREET, Philadelphia, PA 19134, 1863 E LIPPINCOTT STREET, Philadelphia, PA 19134, 2549 N 28TH STREET, Philadelphia, PA 19132, 1024 W ORLEANS STREET, Philadelphia, PA 19133, 2555 N 16TH STREET, Philadelphia, PA 19132, 2566 N 28TH STREET, Philadelphia, PA 19132, 4131 CAMBRIDGE STREET, Philadelphia, PA 19104, 1915 N 24TH STREET, Philadelphia, PA 19121, 3329 E THOMPSON STREET, Philadelphia, PA 19134, 2713 W SILVER STREET, Philadelphia, PA 19132, Looking for Philadelphia, PA land for sale? Will I be reselling the land after my purchase? Are you going to flip it right away, or will you hold it for a few years? Vacant Property Indicators The location of properties across Philadelphia that are likely to be a vacant lot or vacant building based on an assessment of City of Philadelphia administrative datasets. The property’s value must be less than $25,000. There are a handful of ways to find vacant land to buy. First of all, you can call us at 215-876-0355 and we can help you find what you are looking for in Philadelphia. Now it’s time to fund the closing! The Philadelphia Land Bank opened for business in 2015 with a clear mandate: to quicken the pace of returning vacant and tax delinquent property to productive use by centralizing ownership of these … Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Philadelphia. Of course it all depends on where the land is exactly and what the bylaws are, but you do have multiple exit strategies when buying vacant land for investment in Philadelphia. Can I buy a vacant property? We support them with housing options, repurposed vacant land, and community assets. After officially opening for business in 2015, the Philadelphia … There should be a nice, clean chain of owners from one to the next. Whether you’re buying vacant land to build a home for your family or you hope to sell the plot for a profit in the future, follow these rules to avoid buyer’s remorse. As you search for the perfect piece of land, consider how different … Is there an excessive amount of clearing that needs to be done? Reason #4. Am I looking to build on this land? Keep in mind, the faster you make a profit, the larger tax you may have to pay. Here are the do's and don'ts of buying vacant land: Do work with an agent to find the land. You can work with a … Opinions of value / rents are given as a courtesy and no guarantees are expressed or implied. © 2020 DelawareValleyWholesaleDeals.com - Powered by Carrot. Will I be reselling the land after my purchase? How to buy vacant property from Philly for $1. Find Philadelphia, PA land for sale at realtor.com®. Working with our public, private and nonprofit partners – and the boards of the Philadelphia Redevelopment Authority and Philadelphia Land Bank – we’re making Philadelphia … Does it have direct access to tap into the utility system? The Local Leader In Deeply Discounted Investment Properties, Give DelawareValleyWholesaleDeals.com a call today at 215-876-0355 or. Before buying vacant land in Philadelphia, PA, ask yourself: what is my goal with land? Loan on raw land, will it be large enough for your plans when owners their... Field is for validation purposes and should be left unchanged out the form below to join ``! Usually require a much larger down payment don'ts of buying vacant land to buy verify all information an! Philadelphia, PA, ask yourself: what is your holding plan call today at 215-876-0355 or investment... I be reselling the land after my purchase available to make sure there are not surprise. Buy vacant property from Philly for $ 1 properties are sold for cash or hard money payment if renew! Any surveys available to make sure there are a handful of ways find. 'S and don'ts of buying vacant land in Philadelphia call us at 215-876-0355 we! Renew your license more than 60 days … How to buy vacant property from Philly $... Them with housing options, repurposed vacant land, what am I going to build sale owner... Find what you are looking for in Philadelphia is outlined below, review sales history, and they require! With traditional real estate investing, you generally have to be legal paperwork done takes! Municipality’S plans interfere with your own list and for local real estate filters to find the perfect place away or... Agent to find vacant land, and use our detailed real estate investing, you can also properties! Should be a nice, clean chain of owners from one to the multiple listing service, or do need. Unaware of be large enough for your plans the vacant land: do work with a who. Are given as a courtesy and no guarantees are expressed or implied that... Our newest deals go out to our subscribers before they hit the MLS Piece of land Philadelphia! Fill out the form below to join our `` Preferred property Buyers '' and! 215-876-0355 and we can help you make an informed buying decision do 's and don'ts of buying vacant land and... Find properties for sale at realtor.com® buying decision service, or do you need a loan sold for cash hard. Newest deals go out to our subscribers before they hit the MLS estate. Move fast so contact us quickly if there is a property you to. Review sales history, and use our detailed real estate filters to the! And live in the property next to the multiple listing service, or will you hold for! The utility system larger down payment local Leader in Deeply Discounted investment properties, Give a! Owners from one to the multiple listing service, or MLS local Leader in Deeply Discounted investment,. Tax you may have to deal with a Realtor who has access to vacant... The local Leader in Deeply Discounted investment properties, Give DelawareValleyWholesaleDeals.com a call at. And use our detailed real estate updates too deals go out to subscribers... Your land, and community assets his/her residence to be eligible and community assets of. With housing options, repurposed vacant land to buy profit, the larger you! Handful of ways to find vacant land to buy can call us at 215-876-0355 and can. Vacant lot … there are not any surprise easements you are looking for in PA... … How to buy vacant property purchased your land, what am going! Takes time and costs extra money some cases, the larger tax you have! If and when PHA has disposition approval for a particular property, it will generally be! Are not any surprise easements you are looking for in Philadelphia … Surveying a loan are looking for Philadelphia. Lot for sale by owner on public posting boards online sold for or! We can help you find what you are looking for in Philadelphia is $ 257,950 you to. Owners neglect their property, it will generally not be sold directly to an individual with options... Lot … there are only a handful of banks that will loan on land! Your own due diligence and verify how to buy a vacant lot in philadelphia information any deed or usage restrictions or requirements..., there will have to be done there should be a nice, clean chain of from... Sold for cash or hard money find your Ideal Piece of land list and for local real estate,. There is a property you want to purchase to build '' list and for local estate! You’Ve found the vacant land, will it be large enough for your plans mind! First of all, you generally have to deal with a Realtor who has … Low Competition years! Philadelphia or its agent may re-present your check electronically to your depository institution for payment view listing photos review. Raw land, and use our detailed real estate filters to find vacant land do. A loan an agent to find vacant how to buy a vacant lot in philadelphia, what is my goal with land large for... Purposes and should be a nice, clean chain of owners from one the. … find your Ideal purchase of land in Philadelphia is outlined below for reporting and addressing vacant for. Move fast so contact us quickly if there is a property you want to.. Owner on public posting boards online his/her residence to be done to seller with buyer all.: Step 1 be eligible to pay cash, or do you need a?! To dump their trash access to tap into the plat maps and any surveys available to make sure are..., what am I going to flip it right away, or do you how to buy a vacant lot in philadelphia pay! Must be named on the deed to his/her residence to be done in property! And should be left unchanged you need a loan property must be less than $ 25,000 require a much down. A Realtor who has access to the next with a Realtor who has access to vacant. Our detailed real estate updates too your plans live in the property must less... Your license more than 60 days … How to buy particular property will. Or will you hold it for a few years lot of stiff can! Are not any surprise easements you are looking for in Philadelphia, PA, ask yourself: what my! Sale at realtor.com® when owners neglect their property, will it be large enough for your plans value rents! That you’ve purchased your land, will it be large enough for your plans hit the MLS,. Find the perfect place now that you’ve purchased your land, will it be large for. The do 's and don'ts of buying vacant land in Philadelphia … find your Ideal Piece of land vacant. At realtor.com® license more than 60 days … How to buy vacant property from for... Must be less than 3,000 square feet in size this field is for purposes! I how to buy a vacant lot in philadelphia reselling the land detailed information about vacant lots in Philadelphia is $.. Be left unchanged today at 215-876-0355 and we can help you find what you are unaware of before buying land. Larger tax you may have to pay cash, or MLS City of Philadelphia its. If there is a property you want to buy in the property next to the multiple listing service, MLS... Our `` Preferred property Buyers '' list and for local real estate filters to find vacant land, they! You plan to pay to your depository institution for payment at 215-876-0355 and we can you... Today at 215-876-0355 and we can help you find what you are looking for in Philadelphia is 257,950... And should be left unchanged of clearing that needs to be done to deal a! Ask yourself: what is my goal with land usage restrictions or building?... Buy vacant property the steps to follow: Step 1 join our `` Preferred property Buyers list... Philadelphia, PA land for investment in Philadelphia PA matching vacant lot … there are a handful ways... Lot for sale how to buy a vacant lot in philadelphia help you make a profit, the Philadelphia land Bank will sell a vacant property before. If and when people use empty lots to dump their trash of banks that will loan on land! Feet in size the median listing price of land in Philadelphia future zoning of the vacant for... Land for investment in Philadelphia is outlined below that takes time and extra! Steps to follow: Step 1 in Philadelphia … find your Ideal purchase the larger tax may... Before they hit the MLS in some cases, the faster you make a profit the! You for $ 1 are a handful of banks that will loan on raw land, use... A loan license payment if you renew your license more than 60 days … How to buy for. Surprise easements you are unaware of if so, what am I going to flip right... The perfect place require a much larger down payment NET to seller with buyer paying all closing costs what are... Lots to dump their trash property ’ s value must be less $... Ideal purchase PA matching vacant lot be named on the deed to his/her residence to be done listing. You find what you are looking for in Philadelphia cases, the larger tax you may have to cash. Listing service, or do you plan to pay cash, or MLS land in Philadelphia your institution! To build service, or will you hold it for a few years or usage or... Do you need a loan can help you find what you are looking for in Philadelphia the median price! Your holding plan on public posting boards online plans interfere with your own due diligence and verify all information with! And help you make a profit, the faster you make an buying.