F.A.Q

We are land investors, which means we are looking for land that can ultimately produce equity for our company. This means we intend to sell it again at some future time, as it’s value may increase. Sometimes we can increase its value quickly by improving the land or modifying it in some way.

We base our offers primarily on local market data. This includes knowing what land is being listed for sale currently, but of much more importance, what land is actually selling for. There is often a huge gap between what sellers think their land can sell for, and what they end up accepting after years of disappointment waiting for it to sell. Not to mention the high costs paid by the seller beyond what is reflected in that market data.

Our offer is based much more on the reality of the local real estate market: the “net value” rather than the inflated “sticker price”.

The “assessed value” usually seen on your property tax bill is one of the most misleading pieces of information when trying to figure out what land is worth.

Assessed value is figured for the purpose of calculating a fair tax for your property, and is highly subjective. We’ve seen assessed values many times higher than a property’s true worth, a mere stone’s throw away from properties with assessed values far below their true market value. Go figure.

Typically, not in it’s current state.

First you would need to get the land deeded over to your name alone, or all surviving owners – depending on the situation. Your local county circuit clerk’s office can tell you what steps you’d need to take to accomplish that.

Once you have full legal ownership of the land, you can sell it to us.

Payment for your land is always made on the day of closing, ie, the day we take ownership.

Depending on the state we are working in, this is usually dependent on the speed of the title company or escrow agent we use to handle the transaction. They usually have a small backlog of other clients to serve before getting to our transaction. In our experience, this usually means a wait of 2-4 weeks.

That said, some property can be sold to us by “self-closing”, depending on state laws. In those cases, we can handle the transaction legally without even needing to involve a title company, and complete the entire process in a few days.

Whether or not we use a title company or escrow agent to handle the transaction, you will usually be paid by either wire transfer or cashier’s check – both of which are “verified funds” which can be used by you immediately. No need to worry about bounced checks or anything like that.

Not at all! We too are “out of town” for most of the land purchases we make. Usually any signings that need to happen can be handled electronically or by mail; as can payment to you for the land itself (wire transfer or cashier’s check).

That would be extremely unlikely. Usually we’re looking for rural land, in areas where such commercial activity is not likely any time soon.

But perhaps more importantly, most land we’re looking for is not zoned correctly for putting a store on it. Often it is zoned “residential” or “agricultural” – not “commercial”. Changing the zoning on land is usually a long process which requires approval from the county. Sometimes it even needs to pass by vote.

So we think you’ll be just fine as far as all of that goes. 😉