Vacant Land Terms of Sale
The following terms and conditions are applicable to the seller (LandPost.com), the Buyer, prospective buyers, or through any third party affiliate in conjunction with LandPost.com
LandPost.com as the seller of these properties shall hereafter be referred to as the “Seller”.
The individual purchasing the property from the Seller, shall be hereafter referred to as the “Buyer” or “Bidder”.
Conditions of Sale:
All properties are being sold in an “As Is, Where Is, and with All Faults” condition as of the date of the sale. All sales are considered SOLD and FINAL. Buyer understands that Seller will disclose all known facts regarding the property. Buyer acknowledges that all properties are being sold subject to all existing covenants, conditions, restrictions, reservations, exploration and mineral rights, easements, rights of way, assessments, zoning, and all other land use restrictions as there may be on or off record.
Property Inspection:
Inspect The Property Before You Buy!
All Buyers are personally responsible to inspect each property and its physical condition prior to placing an offer in writing or via the online website. Failure of a Buyer to obtain full information about the condition of a property, or to conduct their own on-site or off-site property inspection, will in no way constitute grounds for any claim against the Seller nor the cancellation or adjustment of the sale.
Seller’s and Website Disclaimer:
LandPost.com is solely a Marketplace for properties personally owned and are NOT acting as Brokers Agents or Active Facilitators.
Information contained herein was derived from sources believed to be correct, but is not guaranteed. Seller and Website does not accept responsibility for information presented. It is the responsibility of the Buyer to determine the accuracy of all measurements and specifications of property. The Sale will be conducted by the Seller as a FSBO (For Sale By Owner) Transaction.
Closing / Documentation / Recording Fee:
Sellers are allowed and may charge a one-time, non-refundable Closing / Recording Fee for property purchased. This fee covers document transfer fees (if applicable) charged by the respective counties, county recording fees of the Real Estate Sale Agreement, the recording fees of the Deed once the property is paid off and the efforts of the sellers to prepare any necessary documents.
Loan Servicing Fee:
If the property is being purchased with seller financing, the seller can and may charge a reasonable monthly loan servicing fee per property to be included in the monthly payments to help cover the seller’s cost of processing the loan payments by the loan-servicing agency of the seller’s choice.
Impound Fee/Property Taxes/Association Fees:
If Buyer chooses the financing option, Seller will require that a portion (representing 1/12th) of the annual property taxes be added to the monthly loan payment, plus an additional amount if applicable, for assessments/association fees, etc. The Loan Servicing Agency will be responsible for payment of property taxes on an annual basis. Buyer is responsible for all property taxes due after the date of the sale. Taxes will be prorated such that Seller is responsible for all property taxes due and payable until and including the day of sale.
Early Loan Pre-Payment:
There is NO PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any fees or additional charges.
Payment:
No Monthly loan payments are permitted to be submitted in the form of PayPal or Credit Card. Monthly payments can only be made via bank draft through the Loan Servicing Agency.
Purchase / Sale Contract:
All properties being paid in full will be sold on a Real Estate Sale Agreement (CONTRACT FOR DEED). Properties being financed will be sold by one of three methods depending on the amount down and the total purchase price. Buyers will either receive a Lease Option, Agreement for Deed or a Mortgage. Buyers or Bidders cannot assign a contract to a third party.
Ownership Transfer:
Unless otherwise stated, once a property with seller financing is paid off, or in case of a Cash Sale, the Seller will convey ownership to properties using a “Special Warranty Deed”. Seller will not issue title insurance for the property and acquiring title insurance is solely up to the Buyer after ownership transfer has occurred. Deed will be recorded in accordance with the Purchase Contract with the county where the property is located. County officials will be advised to return the Deed to Buyer or Bidder after completion of recording procedures. Seller will not provide escrow or title insurance.
Seller guarantees that:
At the time of sale the property is free and clear from liens other than recurring assessments and bonds and that the property has marketable title.
The pictures displayed on www.LandPost.com and corresponding property description for each particular property describes Seller’s opinion of the property condition and/or property area based upon Seller’s visit to the property and/or property area and are not guaranteed to be pictures of the actual property.
At the time that the documents are signed the properties do not have any delinquent taxes due.
Seller and website do not guarantee:
The property boundaries and corner markers to be accurate since they have been identified only by the location of the surrounding corner markers. The exact property boundaries and locations can only be identified by an official property survey.
Suitability of property for building site. Some property encumbrances can only be identified by a detailed expert inspection of a property. Unless otherwise stated, Sellers are unaware of such encumbrances.
Availability of municipal water or water via a private well. All Buyers and Bidders are urged to contact local municipal planning and zoning departments or the State Department of Water Resources for information on water availability and local municipal development departments for future water availability plans.
Availability of Utilities. Contact the local utility company for information on availability, cost and future development plans for extending electric and telephone lines to the property.
Feasibility to place a “standard” septic system on the property. Seller has not engaged in any kind of soil or percolation testing. Some properties might require the installation of an “alternative” (i.e. Hydraulic, Sand Filtered, or Mounted, etc) septic system. Unless otherwise stated, Seller is unaware of such conditions.
Physical or legal road access or lack thereof. Seller is unaware of such encumbrances unless specifically stated in the individual property listing. Some parcels might be “land-locked.”
That any roads existing on third party maps (amongst them but not limited to: County Maps, www.maps.google.com, www.mapquest.com, Delorme Streetfinder, MapUSA, etc.) actually exist. All maps were provided by the Sellers and were provided for information and orientation purposes only. No liability is assumed for the accuracy of the data delineated thereon.
Any zoning restrictions, building codes, permit requirements or any other land use restrictions. Contact local municipal Planning and Zoning Departments or affiliated Departments (like Building and Public Safety Department) of the municipality or county in which the property is located.
The existence of Mineral Rights for the property. Unless otherwise stated for a particular property, Buyer and Bidder should assume that No Mineral Rights come with the property. Contact appropriate local authorities for clarification on Mineral Rights on a particular property you are interested in.
Existence of Homeowners Association Fees, local or regional Bonds for Utilities, Water, Sewer, and street improvement. Unless otherwise stated for a property, Seller is unaware of such assessments.
Directions to properties. Directions to properties are provided for orientation purposes only and Seller does not guarantee the accuracy of such directions.
