You have spent years saving up for a down payment to purchase a horse property, so that you can have your horses at home with you. Finally, the day has come where you are ready and can’t wait to have your horses home with you.
There are so many things going through your mind. How many acres? What size barn? Wooded or not wooded? Where to begin?
Before beginning your horse property search, contact a reputable local lender that is able to finance the type of property you are searching for. Not all lenders will finance a farm or large acreage. The lender will then take steps to pre-approve you for a mortgage.
While speaking to a lender, seek out a real estate professional that is knowledgeable about horse properties to assist you in your search. A fellow equestrian would be a good choice. Being a horse person themselves, they are familiar with the needs of horses and have a better idea as to the type of property that would fit your needs. They are also familiar with the laws of the state that govern horse ownership and have an idea of a fair price for these types of properties.
Once you have been pre-approved by a lender and you know the price range you qualify for, you can proceed to inform your agent as to what your wants and needs are in regards to the horse property and your home.
These steps, combined with working with a horse property specialist, will help you find your ideal horse property quicker. Just think, time will not be wasted looking at properties that are not horse friendly. You may actually come across a property that fits your needs the first time out. Believe me. It does happen.