Buying Vacant Land: Does Your Land PERC? And Other Considerations

On Today's EpisodeDan flies solo and talks about painting aluminum siding. Later, he's joined by realtors, Sue Prins and Ginger Herman who discuss crucial elements to consider when buying vacant land. Furthermore, they also shed light on the current state of the housing market and predictions for the coming months.The show wraps up with Kevin Hermann, from Benjamin Moore. Kevin's a long-time guest and today he discusses his favorite Benjamin Moore and RepcoLite Products. Can I Paint Aluminum Siding? [00:00 - 07:19]In this segment, Dan talks about a question he's received from some friends who just bought a new house with an absolutely HIDEOUS color on their aluminum siding. They want to know--of course--if they can paint it! Dan confirms that not only is it possible to paint aluminum siding using regular, non-specialty paints, but he also believes that the endeavor is worth undertaking if the current color of the siding significantly bothers the homeowner. Buying Vacant Land with Sue Prins and Ginger Herman [07:19 - 19:00]The conversation features Ginger Herman and Sue Prins from the Sue Prins Group Five-Star Real Estate Leaders, discussing the key considerations in buying vacant land. The discussion covers the importance of understanding a buyer's purpose for acquiring the land, whether it be for farming, house construction, or simply storage. They underscore the role of a knowledgeable realtor in identifying challenges such as availability of water, sewer, and the need for local authority permissions based on intended land use. They further delve into essential factors like the need for a PERC test to ensure the land is suitable for septic system installation. They additionally highlight a realtor's role in facilitating a buyer's understanding of other critical elements such as zoning restrictions, mineral rights, flood plains, and the possibility of land splitting. The conversation ends with a plan to discuss financial considerations and the current state of the real estate market in the next segment.The State of the Real Estate Market [19:00 - 29:59]Dan continues his discussion with Ginger Herman and Sue Prins from Sue Prins Group, focusing on procedures for getting a loan for vacant land purchases, and programs for landowners looking to build within five years. The interview also provides information on special loans for hunting properties and farmland. The demand for vacant land in certain areas can lead to bidding wars, just like for houses. The conversation then delves into the state of the regular real estate market. The market has sped up with an increase in multiple offers situation, although not as many as before. More home inspections are being conducted more frequently. Housing inventory has started to slowly increase becoming a seller's market. Also, mortgage interest rates are slowly but surely coming down.Favorite Paints & Why That Should Matter to You! [29:59 - 39:26]In this segment, Dan chats with Kevin Hermann from Benjamin Moore about Kevin's three favorite Benjamin Moore products, highlighting their superior quality, durability and versatility. The products are Regal Select, Scuff-X, and Regal Select Exterior. He also reveals his favorite RepcoLite products, praising Zip Prime and #65 Exterior Primer. Besides product discussion, they also touch on the implications and changes brought about by new OTC-2 regulations affecting the paint industry.