Frequently Asked Questions
Q: How Do We Handle All Property Transactions?
A: We make the transaction easy and very transparent. We will send you a purchase agreement for the agreed-upon price. We then conducted deeper due diligence and put the property into escrow. All funds handled for the property will be done with a reputable Title Company or Attorney. Title reviews, closing document preparation, and all paperwork are done by our team and are provided to you before closing.
Q: How Long Does The Closing Take?
A: We spend time conducting deep due diligence on the property. This involves conducting title and lien searches, ensuring title insurance can be issued, and fixing any potential issues that may impede the use of the property. We usually close much sooner than expected. We also work with Title Companies or attorneys who perform the closing process and usually avoid any delays. In the rare event, there is a delay, we work hard to ensure it’s minimal.
A: Once we go through all of the research, we are then able to safely close on the conditions that we promised in the contract. The closing agent will issue all closing documents to you for review and once approved, they will arrange a date and time that suits all parties to close for you. This can be done either in person or via a Mobile Notary, your choice.
A: Once the notarized documents are received by the closing agent and they are recorded, the closing agent or attorney will arrange a check or wire transfer to you, whichever you choose. This typically happens within a few days after the Mobile Notary has been to visit and has signed the documents with you.
Q: You Sent Me A Purchase Agreement, What Is That?
A: If you requested an offer on this site, the purchase agreement we sent is the actual contract that we can use to buy your property. If you received this contract and would like us to buy your land, then sign the contract and send it back. If you want e-signature services, let us know and we will send it over that way.
Q: Why Is The Offer Not As Much As I Expected?
A: We assess all properties based on attributes. Some of the properties have issues that need fixing and we ensure these issues are fixed for you before closing. Also, we look at the fair market value for the property and what it takes to make the property usable. This may impact what the real value is, versus other properties in the area that may already be cleared and ready to build on and have access. As property investors and buyers, we also do all of the hard work for you: due diligence, fixing any issues to ensure they can be used, and liaising with all title companies and attorneys to have any issues fixed. We approach this with the mindset that everyone wins: you, the end-user of the land, and us, the investor. Also, keep in mind that we are now in a recession, and property values for comparable properties have dropped.
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