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FAQ



Do I need an attorney or real estate agent to buy land from ALDFS?



No you do not, they are not needed to buy or sell land. The process is very simple, there is some legal paperwork involved in buying land but we have tried very hard to keep the buying process very simple and to stay away from contractual jargon where possible. We do encourage you to hire an attorney if you feel that it is necessary, we want you to feel 100% comfortable when making this investment.



Why should I buy from amazinglanddealsforsale.com?



We have developed a unique strategy to identify underperforming assets using allowing us to buy and resell properties at a deep discount to other investors or buyers.



Why should I invest in land?



There are many different reasons to invest in land:



  • Unlike developed real estate, there are no structures to maintain. Vacant land can't be damaged, it truly lasts forever.
  • Low holding cost. The only real costs are property taxes, which are usually very minimal since the county assigns a low assessed value to raw land.
  • You can use the property recreationally even as it appreciates in value.
  • You can help control the land’s value by intelligently choosing to make certain improvements.
  • You can easily pass the property down to your heirs.
  • As the U.S. population grows, undeveloped land gets more and more scarce (and possibly more and more valuable).

Although we sell property that we believe has the potential for appreciation, we cannot and do not guarantee your future investment results and/or success. As with any investment, there may be some unforeseen, unknown risks which can impact results. You agree that our company or any of its employees is not liable for any success or failure of your investment that is directly or indirectly related to the purchase of properties from ALDFS.


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What is seller financing?



Seller financing or owner financing means that we, the seller/owner will lend you, the buyer the necessary capital to purchase the property. We often require a small down payment and accept monthly payments until the property is paid in full.

Both the buyer and seller sign a promissory note (also known as a loan agreement). The promissory note is a promise to pay the loan and contains the terms of the loan such as the principal amount, the interest rate and number or payments.

There are two major types of legal instruments that allow for owner financing.
Mortgage:

In the case of a mortgage or a deed of trust, the deed is immediately recorded with the local county and the lender places a lien on the property until the property is paid in full. In case of a default, the lender can file for foreclose on the property.
Land Contract

In case of a land contract the buyer has equitable title to the property while making payments to the seller. The legal title remains with the seller until the final payment is made, at which point the title will be transferred to the seller and the deed recorded with the local county. Comparable to what happens when you buy a car. I case of a default, the lender can file for forfeiture of the land contract and the buyer loses equitable title to property and forfeits all equity in the property.

We use a land contract to provide owner financing. Because of the low principal amounts it would simply not be viable to go through foreclosure in case of default.



Will you run my credit when I choose the financing option?



No, one of the benefits of working with us is that we own every property we sell outright. And want to give everybody a chance to own land. We don’t require any credit check or application. As long as you can make the down payment and document fee and commit to make your monthly payments you are pre-approved.



How long does it take to close on a property after I make my down payment?



Our standard closing process can take as little as 1 day from the moment you have made the document fee and down payment.

Once you have made the document fee and down payment we will invite you by email to review and sign some legal paperwork. We use SignNow, an online service that allows you to review and sign online documents on any device.

Once you have reviewed and signed the legal paperwork we will set up your automatic monthly payments. We use GeekPay, an online service that allows you to review your loan, your loan balance and make extra payments.

Once the property is paid in full, we will draw up a Warranty Deed for the property in your name and record it with the county. The county will then process the Warranty Deed and mail you the original for your files. At that point you will own the property free and clear. This process usually takes up to 2 weeks but it depends on which county and how busy the recorder is.



How does your 90 day money-back guarantee work?



We want you to be 100% satisfied with your purchase of rural land. Within the first 90 days after closing, you can simply call us if you are not satisfied for any reason and we will either exchange your parcel for one you like better.

We will refund the price you paid for the property excluding any fees (these could be realtor fees, closing costs, document fees, finance fees, taxes, etc.)

It’s simple. If you don’t love it, we don’t want you to own it. One of the benefits of working with us is that we are the actual owner of the property, not some developer or real estate broker. And we want you to be happy.



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ALDFS
2002 TimberLoch PL, Suite 200 The Woodlands TX 77380