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We obtain title insurance when we purchase the property.
If we use one of our partner attorneys your closing costs would be $350 and include title insurance in your name. Should you require your own law firm, we will pay $200 of the closing costs. If we use a notary closing, you have no closing costs.
Unless we specifically advertise that there has been a perc test, none has been performed. What we rely on when This Land purchases a lot is the Geological Survey Data. While not 100% accurate the survey can tell us a lot about the land and its ability to support a traditional septic system. Learn more about our Due Diligence process here.
Every property we buy has undergone a comprehensive Due Diligence Program and is graded utilizing our 100 Point Grading System. Not only do we only buy buildable quality lots, we work hard to make sure you know what you are buying.
We obtain title insurance when we purchase the property.
There are no closing costs at the end of your loan period.
Unless we specifically advertise that there has been a perc test, none has been performed. What we rely on when This Land purchases a lot is the Geological Survey Data provided. While not 100% accurate the survey can tell us a lot about the land and its ability to support a traditional septic system. Learn more about our Due Diligence process here.
Every property we buy has undergone a comprehensive Due Diligence Program and is graded utilizing our 100 Point Grading System . Not only do we only buy buildable quality lots, we work hard to make sure you know what you are buying.
Details about our interest rate can be found here.
Absolutely! We want nothing more than for you to completely pay off your loan and become a landowner. This Land has no early payment fees and interest stops accruing as soon as you pay off the principal. We even cover the closing costs as long as you have had the loan for 11 months or more.
In the states where notary closings are permitted, we will close in 10 - 20 days. In states where a lawyer is required, we must rely on our partner lawyers to determine the timeline. Usually, the closing will take place in 4 - 6 weeks.
The period allows us to do a more in-depth deed search to ensure we will not have any issues with ownership now or in the future. It also allows the time for correspondence to occur with any third parties such as homeowner's associations, property management companies, or lien holders.
Yes, at closing This Land (in states that allow notary closings), or our partner attorney (in states that require attorney closings), will wire the cash payment into your account.
We pay all closing costs associated with purchasing the property.
Unless we specifically state that the offer includes paying late due items, these bills will need to be remedied. If there is room within our offer, we are happy to pay these items once we own the land, but the cost will be deducted from our offer.
To protect both our interests, you won't be able to begin construction or improve the lot until it is fully paid off. We don't want you to lose additional funds should you not complete your lot's purchase and, for us, a lot with a partially completed home reduces the property's value.
You can clear the lot, have the lot surveyed, and complete a soil survey (perc. test). Written permission to do so is required and approval is based on the scope of the work to be completed.