|
Q: Why should I invest in a Florida Vacant Lot?
A: Investing in a Florida lot is a very good bet for the following reasons: Florida's population in 2008 was over 18 million people and is projected to grow at an outstandingly high rate. Florida is currently the fourth most populated state in the U.S. and will surpass even New York by the year 2012 to become the 3rd most populated state. The U.S. Census Bureau confirms that over 78 million baby boomers will be retiring over the next 30 years and that 20% of them (16 Million) will be retiring or buying a second home in the state of Florida. Such huge numbers of population growth equates to jobs and a stronger economy in Florida. With such demand on the land, prices will escalate. Florida's coastline land is scare and expensive due to existing demand there. The population growth will increasingly move inland where prices are currently still affordable but will eventually increase over time. Thus, a low priced buildable lot in the interior portion of Florida is a sound investment for the future.
Q: Is your company a Realtor/Broker?
A: No. We own the properties we sell, and you will be dealing direct.
Q: Can a Foreigner buy land in the USA?
A: Yes. Foreigners can buy real estate anywhere in the United States. No special government documentation is required in order to take title into your own name. You will need to make sure to pay the annual taxes each year to assure that tax liens are not placed against your property.
Q: What is the minimum required down payment to purchase a property?
A: Our contract requires a minimum deposit of US$1,000 to be made payable to the designated Attorney Escrow Agent. NOT to us! Our real estate contracts only become valid after the deposit funds have been received by the Attorney Escrow Agent.
Q: Who do I make my deposit payment to and how do I pay it?
A: Deposit payments will be made only to the designated Licensed Florida Attorney Escrow Agent. They can accept any of the following forms of payments; (bank wires, cashier's check, credit card, PayPal, money order, or cash).
Q: How long does it take to close and when will I get the deed to my property?
A: Once the Attorney Escrow Agent receives the signed contract and the deposit funds, they begin processing the order. They will do a title search on the property and will prepare all seller and buyer related documents. The Attorney Escrow Agent will then email or mail the documents to seller and buyer. After the seller and buyer have returned their signed documents then the closing actually occurs. The entire process closing takes between 10 to 21 days to complete. The deed to the buyer's name, is recorded immediately into the public records. The recorded deed will then be mailed to the buyer. A buyer can expect to receive their recorded deed within 30 days after the closing date.
Q: Can I build a home on the land?
A: Yes. All of the properties we sell are zoned for single family or duplex homes. You would need to obtain the proper building permits before you begin construction. And although you can build anytime you wish, there is no requirement to build. We do not sell land that has a time requirement to build.
Q: Are water services installed on the properties you sell?
A: The property details of a property will disclose the utility services available for a property. Properties that are located in areas that are serviced by city water will be noted. In these cases, city water services would be obtained by simply connecting to the water supply at the property line. On properties where city water is not available, it will be necessary to have a well drilled for water. Wells are very common throughout Florida. Every property we sell will have water available either from a drilled well or from a city water supply. The cost of drilling a well is very comparable to the cost of connecting to an existing city water supply line. The cost either way is approximately $1,850 if building a home.
Q: Do the properties have electricity and telephone service?
A: Yes. Our properties are located close to major population areas where electric and telephone services are accessible. The property details of a property will disclose the utility services available for a property.
Q: Are sewer services installed on the properties you sell?
A: The property details of a property will disclose the utility services available for a property. Properties that are located in areas that are serviced by city sewer will be noted. In these cases, city sewer services would be obtained by simply connecting at the property line. On properties where city water is not available, it will be necessary to have a septic system installed. Septic systems are very common throughout Florida. The cost of installing a septic system will depend on the area but will be approximately $2,200 if building a home. The cost of connecting to an existing city sewage line would be slightly less.
Q: Are there roads leading to your properties?
A: Yes. All of the properties we sell are accessible by car to the property line. We will not sell a property that does not have road access. At times we acquire lots that have dirt roads or gravel roads because of the pricing levels we acquire them at.
Q: Who pays the property taxes on the land I buy from your company?
A: Once the deed is recorded into the new owner's name then they are responsible for paying the county taxes each year. Taxes are due on November 1 for the year of ownership. They will become delinquent if not paid by March 31 of the following the year. Any and all taxes due up until the closing date will be the responsibility of the seller and will be accounted for by the title company at time of closing.
Q: How do you acquire your properties?
A: We buy our properties through private parties, trusts, estate sales, bank foreclosures, real estate auctions, etc. By researching the market for the best properties at the lowest prices, we are able to offer outstanding values to our customers.
Q: Are there any liens on the properties?
A: No. There are no liens on any of the land we sell. The title policy issued to you protects you against any past taxes, liens, mortgages or claims. You will have 100% clear title when you close.
Q: What is the zoning of these properties?
A: All of the properties we sell are zoned for residential use. Any special zoning requirements that may exist will be described within the property details section.
Q: Is the land approved for a septic system?
A: Yes. If there is not a city sewer line to the property then a septic tank permit can be obtained from the county building department to install a septic tank system. We have never sold a property (to our knowledge) which did not "perk" for a septic system. Septic systems will cost approximately $2,200.
Q: What kind of guarantee do I get when I buy property?
A: We guarantee that we are the owner of the land that we are selling. We guarantee that we will not handle any of your funds to close and that we are not affiliated with the title company that receives your closing funds. You will receive title to the property within 30 days after closing.
Q: How much are the closing costs?
A: There will be NO CLOSING COSTS for the buyer. We pay all of the fees for transferring the property (transfer tax, recording fees, legal, etc.). There are absolutely no hidden fees. You pay only the agreed price of the property, nothing more.
Q: Do I pay any kind of sales tax or real estate transfer taxes?
A: No. We will pay the state sales tax on the transfer. At the time that YOU sell your property then you will pay this fee.
Q: Isn't buying property a paperwork nightmare?
A: No. Our sales contract is simple and straight forward and the documents that you will sign with the title company will be disclosed ahead of closing so you will not be rushed. Most documents will be transmitted via email or fax to expedite the closing.
Q: Should I visit the property before buying?
A: The decision is yours of course. We will definitely work with you if you want to visit the land during the purchasing process. Most of our buyers and their referrals purchase our properties after reviewing the detailed researched information provided on-line. Typical travel expenses (Hotel, Food, Auto or Air), could add on an additional 20% to 30% cost associated with the lot investment. Effectively, a better return on investment will be achieved for every less dollar spent. The research we do on each property will be more than any research that our investors will ever do including the limited time they may take to actually visit their lot.
Q: How can I visit a property for sale?
A: You will simply need to coordinate your travel plans with us so that we can prepare a tour of the community of your choice.
Q: What happens If I want to cancel?
A: We strive to do everything we can to assure that cancellations don't occur due to the amount of time, energy and money we put forth to make our investments fair to our investors. Even the title company will spend time and money processing a contract once it is received at their office. So...depending upon when and how a cancellation occurs depends upon how we handle that cancellation. If a customer cancels prior to sending in their deposit to the title company then they can cancel with no charge. If the title company has received the buyer's deposit money and started processing the file then we would expect that the buyer reimburse the title company their costs of receiving the wire and returning the wire. If a buyer decides to cancel after viewing their lot then we would hope to be reimbursed for our travel time, etc. The maximum a cancellation would cost would be $300 dollars.
Q: Can I build a home on the land?
A: Yes. You will need to obtain the proper building permits before you begin construction. You can build anytime you want. That's IF you want to build. There is no time requirement to build at all on any of our lots.
Q: Can I use any builder I want if and when I want to build?
A: Yes. you can use any licensed builder to build your home. There are many builders in the area to choose from. The builder can help you with different floor plans and should be able to answer all of your questions related to their costs and services.
|
