Frequently Asked Questions

Q. Are there restrictions on what I can do with the property during the owner financing term?

A. Yes. You cannot build or live on the property until the end of the loan term when the title is transferred over to you. However, you are able to use the property for recreational purposes and make minor improvements (such as clearing, grading, fencing) so long as you are in compliance with all the local rules & regulations. You'll also need written permission from the HOA authority if the property is in an active HOA.

Q. Can I build whatever I want on this property after the title has been transferred over to me?

A. What you can or cannot build legally on this land is controlled by the local government. Please contact the county and/or HOA, and provide them with the parcel number to confirm what you can or cannot build on the property.

Q. Can I visit the property?

A. Of course! Please feel free to visit the property at any time. There is no need to make an appointment with us. Please note we own all the lots we sell and we are not real estate agents. Since we are based out of North Carolina, we won’t be able to meet you at the lot.

Q. Does the property have an address?

A. Most of the properties we sell are rural and vacant, which means they usually don't have an address unless specifically mentioned in the listing page. Please call the county for the procedure to assign an address to the lot, if interested.

Q. Has the property been surveyed?

A. No, we have not had a survey commissioned, but if you would like to pay for a survey we would be happy to work with your chosen surveyor.

Q. Can I park an RV on the property?

A. Some counties allow you to park an RV on a temporary basis only, others require you to install a septic system first. If the property is in an HOA, RVs may not be allowed at all. Please contact the county and/or HOA to confirm.

Q. Are the property taxes up to date?

A. We pay all tax bills as soon as we receive them, but you can always check with the County Treasurer to verify that the taxes are current.

Q. Has a title search been done?

A. We usually do our own in-house due diligence before purchasing a property. Depending on the chain of title, we may or may not purchase a title search or title insurance when we buy a lot. With that said, we would never buy a property with a known title issue or lien. We recommend you hire a title company to perform a title search before buying any property.

Q. Do you work with title companies?

A. Yes, we are always happy to work with the title company of your choosing at buyer’s expense. Please have them reach out to us directly to get the process started.

Q. How does the seller financing work?

A. With owner financing, we will sign a land contract that gives you legal right to use the property; however, you won’t be able to pull any building permits during the loan term. Once the down payment and doc fees are paid, we will send you a link to our third party loan servicing software, where you will make monthly payments for the length of the loan term. After the loan is paid in full, we will then transfer the title to you.

Q. How many people/entities can be included on the deed?

A. You can have as many people/entities listed on the deed as you would like.

Q. Can the deed be made out to an LLC?

A. Yes, the deed can be made out to an LLC or a corporation.

Q. Does the property come with mineral rights?

A. We buy all of our properties assuming that we only have the surface rights. In order to determine whether a particular property has mineral rights, you will usually need to hire a title company to specifically run a mineral rights search going all the way back to the original homestead.

Q. How do you deal with the transfer of title?

A. We will draft and record the deed transferring title (via Quit Claim Deed) to you as soon as the full purchase price is paid. You may also elect to hire a title company to handle the deed transfer, but this will be at buyer's expense.

Q. What are the benefits of purchasing with cash over seller financing?

A. We generally recommend that you purchase with cash so you can take advantage of the cash discount price and never have to worry you will lose the property in a default. Having said this, we understand that it can be hard to put together the funds to purchase a property outright. This is why we do try to offer the most accessible owner financing possible. Please also note that a $9 monthly servicing fee will be added to each monthly payment, which is passed on to us from our third-party loan servicing software. This is on top of the principal plus interest.

Q. Can I buy property from you if I’m not a US citizen?

A. Yes! The process is exactly the same for U.S. and non-U.S. citizens.

Q. Are there additional fees associated with owner financing?

A. Each monthly payment will include an additional servicing fee of $9, which will cover the Seller’s cost of servicing the loan. This monthly servicing fee will not be applied to the principal or interest of the loan. Each monthly payment will also include an additional charge for the monthly taxes and HOA dues (if applicable). This monthly charge will not be applied to the principal or interest of the loan.

Q. Who pays for the taxes and HOA dues during the loan term?

A. We will pay the bills for both taxes and HOA dues as soon as the bill is received during the loan term; however, both the taxes and HOA dues will be added to the monthly payments made by the borrower.