YOU HAVE BEEN ACCEPTED FOR FINANCING!!!
NO CREDIT CHECKS REQUIRED.
DUE DILIGENCE
As with All Real Estate Transactions please use Due Diligence. Due Diligence includes but is NOT limited to the following:
- County Requirements for the properties intended usage.
- Physical Inspection of the Property
- Buyer shall verify all GPS coordinates, if provided.
- Suitability of the property for the buyers intended usage.
- All information provided by Square Lake Land Company is accurate to the best of our knowledge. It is the Buyer's responsibility to verify all information.
LAND SALES CONTRACTS
All parcels are being sold using either a Contract for Deed (Land Sales Contract) or Deed or Trust, depending on which state the land is subject to. The actual Title to each parcel will be conveyed to the Buyer only after the entire purchase price has been paid in full or any outstanding loan balance completely repaid. We elect this method to keep the price of our property as low as possible. Conveyance of Title does NOT hinder the buyers Full enjoyment of any property.
TITLE INSURANCE
Buyer may elect to purchase Title insurance on any property. Buyer may choose a Title Company that is acceptable to BOTH parties. Buyer is responsible for any and all costs associated with the title company, title insurance fees, closing fees, etc.
DOCUMENT FEES
The Buyer will be required to pay $199 for the preparation of the contracts, deeds and other necessary documents, and includes the cost of submitting the deed for recording.
FINANCING OPTIONS
Owner Financing with NO QUALIFYING is available on All parcels unless otherwise noted. Our prevailing interest rate is 9.99%. Because we are not a financial institution we can be flexible with our terms and can usually fit the monthly payment into any budget. We offer down payments as low as $1000 on most properties. As a small company, our preference is to sell with all cash deals or receive a larger down payment wherever possible so we have the funds available to purchase more properties and offer them at below market prices. Therefore, the best pricing is on cash deals. On Land Contracts the property price is based on a sliding scale depending on the amount of the down payment. The larger the down payment, the better the price.
For example, if we offer a property with a market value of $10,000, the cash price would be $7500. A Land Contract with a $5000 down payment, the property's cost would be $8000. If you put down $2500, your price would be $9000. A down payment of $1000 takes the price back to market value.
