Frequently Asked Questions About Buying Vacant Land
Should I visit the property before buying it?
YES, we highly recommend that you inspect the property before buying. You should also check with the county on the zoning and approved uses of the property. The County Planning and Zoning Department will be able to tell you about the current and future development plans for the area. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
Who owns the properties being sold at the LandPost.com?
All properties sold through the LandPost.com are either fully owned (Free & Clear) by us, or we have a right to sell them, such as through an option. It must be specifically noted that LandPost.com is not a real estate brokerage firm. Rather, LandPost.com is only the market place and brand name through which these properties are being sold by the owner direct to the buyers without a broker.
I’m not a U.S. citizen. Can I still buy the property?
Yes. There are no regulations prohibiting land ownership from non-U.S. residents. In fact, we have many land clients from all over the world.
Do I need to be present for closing?
No. All closings can be handled by email, mail, or FedEx. However, if you are local you are welcome to close in person.
Is there a time limit to build on the property?
Typically, no. There are usually no time limits or requirements to build on the vacant property. That is part of what makes these lots a great long-term investment.
Are the mineral rights guaranteed for the properties?
We make no guarantees concerning mineral rights or the lack thereof. If we are aware of the lack of mineral rights, this will be disclosed. However, buyers should do their own research to find out whether the property includes mineral rights.
Are there any liens on the properties?
Not unless they are disclosed. When closing through a title company, a free and clear title will be provided.
Can I make a larger down payment than is listed on the website?
Yes, Please contact us with what amount you would like to put down. You can also make additional monthly payments without any pre-payment penalty.
If I want to make a larger down payment how does this affect the loan?
If the dollar amount that you use as a Down-Payment is larger than what is required, the monthly payment will be reduced. The term (length of the loan) can stay the same.
Do I need to qualify for financing?
There is no qualifying need for financing property. We wish to make property ownership affordable for as many people as possible. It is very simple, you want to buy a piece of land and we want to sell it to you. That’s it. We do, however, perform a check against a database in order to see if you have an IRS lien against you. This would be the ONLY disqualifying reason for the simple reason that IRS liens attach themselves to any property you own and will not be removed until they are paid off. Other than that we do not look at your credit at all. We do not look at your credit score and even bankruptcies are fine.
How long can I finance the property?
This varies by property according to the purchase price. The more expensive the purchase price, the longer the available loan.
Is there any penalty for paying off a property early?
No. You can pay off your property at any time with no pre-payment penalty whatsoever.
What kind of contract will I be signing when purchasing a piece of land from LandPost.com?
When purchasing a piece of land from us, we will either sign a Sale Agreement, which is used for cash purchases, or if purchasing via financing you will sign either a Mortgage, Agreement for Deed or Lease Option which lays out all the terms of the transaction including the sale price, down payment, monthly payments, interest rate (if applicable), rent credits (if applicable), cost of the loan, and all the details commonly in such a document. The original of these documents may be recorded in the county where the property is located. The determination of which document is used is based on how much is put down and the amount being financed. Once a property is paid off, transfer of title occurs exclusively using Special Warranty Deeds. This form of deed gives you, the valued customer, one of the highest levels of protection.
When do I get the deed to my property?
Once you pay for a property in full, your title to the property will be conveyed by Special Warranty Deed within twenty (20) business days. We commit to signing all paperwork necessary to transfer ownership and deliver a Special Warranty Deed to the County Clerk of Court or Recording Office in the county the property is located. You will also receive copies of the notarized deed via mail. After the recording of the original deed is completed, the county recorder/clerk will then return it directly to you. Depending on the County it may take 2-10 weeks (depending on the county) for the county recorder/clerk to mail the recorded deed back to you. If a County permits, we may electronically file your deed. In which case we’ll send you a copy of the recorded deed along with the original document.
