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Updated about 2 years ago,

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10
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1
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Realtors role in Buying Land to Build STR

Christina Kinard
Posted

I am looking to buy land & build a STR. I would like to use a new construction loan so that both the land & build are in one loan & less of a down payment.

If I use a realtor to purchase the land, will I have to pay them a percentage of the construction loan? IE: If I spend 80k on land & get a loan to build 400k home,  will I owe the realtor fee's on just the 80k land or will I owe on the construction loan. Since I would be working directly with a builder to build on my own property, I have no need for a realtor beyond purchasing the lot.

Appreciate any insight!!

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