FAQs

LAND FAQ’S

  • LEGAL? –All land deals are closed with a licensed North Carolina attorney.  Each property is checked to have clear title (no liens, judgements, back taxes, heirs, tax deeds, probate, etc.).  We get full title insurance with a warranty deed. (If there are any exceptions to this it will be fully disclosed on the property listing.)
  • VISITING & WALKING OUR PROPERTY?– We encourage you to go visit, walk and check out the property at your convenience.  Please contact us for specific viewing instructions as each tract is unique.  We will send you an information packet to take with you.
  • LOCATING PROPERTY/ CORNERS MARKED? – You can get a pretty good idea of the property corners based on GIS / LandGlide app.  Until you decide exactly what you want, that is usually sufficient. 
  • HOLD THE PROPERTY? – We do not hold properties – to be fair to all our buyers we operate on a 1stcome, 1st serve basis.  We strongly encourage that you do your due diligence BEFORE buying – go see the property, make any calls, and ask any questions you may have.
    • Down payment can be made via ACH and is due the day you decide to buy the property.
    • We do not engage in bidding wars.  We sell to the 1stserious buyer that has done their due diligence and ready to make the down payment.
    • Even if one deal doesn’t work out, know that we have ongoing new land opportunities.  Sign up for our VIP email list & keep an eye on our website. 
    • Take the time to check out a few properties you may be interested in.  Call the county to ask questions – this process will help you have a better understanding of what you want and how to be prepared when the right land deal comes along. 
  • SPECIFICATIONS? – Many properties are surveyed and have a perc test.  This information will be provided when available and will be on our website
  • ZONING?– We do our best to give general guidelines for each property on our website, but it is always best to call the County Planning/Zoning Department with TMS# to verify.
  • TINY HOMES ALLOWED?– Each property is unique.  You should check with that particular County Planning and Zoning Department to answer this question.
  • RV’s & CAMPING ALLOWED? – We have found that most counties and cities in North Carolina do not allow extended living in RV’s/Camping unless the property is in a zoned RV/ Camping Development.  You should check with that particular County Planning and Zoning Department to answer this question.
  • OKAY TO BUILD? –Every property is “buildable” but will have varying requirements.  It is up to you (the buyer) to know what you want to do with the property and scope of work.
    • If using our private financing, per the Frank Dodd law passed after the 2010housing crisis, properties that we owner finance cannot be used as your primary dwelling.  Many buyers prefer to secure their land, make improvements and pay off the loan in preparations of making it their primary dwelling. Many buyers secure the land/own it and then look to refinance with a mobile home company or a bank. Once you own the land and you find financing elsewhere and pay us off you may build right away.
  • LAND IMPROVEMENTS?– If you decide to use our private financing, we have a property improvement policy that requires you to request approval for improvements.  If county law and requirements are being met – you are free to improve, use and enjoy the property. 
  • FLOOD ZONE or WETLANDS? – Some of our land may contain areas located in a flood zone or wetlands.  We suggest that you check the county GIS website and verify this information with the flood zone or wetland layers option.  We also recommend looking at the Wetlands Mapper (https://www.fws.gov/wetlands/wetlands-mapper).
  • ADDRESS? – A 911 address is issued by the county when you apply for a residential structure.  We provide the nearest neighbor address to help guide you with GPS.
  • GOOD INVESTMENT? – Our disclaimer is that we cannot “advise” you on what is best for you.  We do our best to buy quality land that we are proud to have in our portfolio.  In our opinion, land is a stable investment, is easy to manage, and doesn’t have the complexity associated with residential or commercial investments. 

PRIVATE FINANCING FAQs

  • CONTRACTUAL OWNERSHIP? – When we sell you a property we will deed you the property and place a deed of trust at the courthouse (just like a regular mortgage), and you will sign a promissory note. All closings take place with an attorney and the attorney will handle all the paperwork.
  • PROPERTY TAXES?– We include a monthly escrow amount to your payment to ensure that all taxes are paid when due.
  • PREPAYMENT PENALTIES?– Our installment sale is simple interest charged only on the balance due.  There are no prepayment penalties and extra payments made are applied to 100% principal.
  • NO CREDIT CHECK REQUIRED? – We offer direct financing.  We historically sold only for cash but found that most banks made the requirements difficult to finance raw land – and saw a need to help by offering private financing to deserving