How The Selling Process Works
Our Company works to make our transactions as easy and hassle free as possible for the land owners we buy from. If you have received a letter from us stating our desire to purchase your land and you are considering it, please read below.
Step 1: Call us or sign the Purchase Agreement and mail it back to us.
The first thing we ask anyone interested in selling their land to us is to identify the Reference Number in the top left corner of the offer letter we sent you. We mail letters to thousands of property owners, and the reference number helps us to properly track each offer. This also gives us the ability to keep track of whom we have spoken to concerning a specific piece of property.
Step 2: Due Diligence
Once you’ve indicated a desire to sell your land our team will begin a thorough investigation of the property. During this process we will identify the property’s exact location, pull the Vesting Deed from the County Recorder’s Office, and verify the back taxes with the Treasurer’s Office. It is our goal to ensure 1) that the title is free of any leans or judgements and the property can conveyed legally 2) the taxes are current or not prohibitively expensive and 3) the location of the property meets our companies purchase criteria. Once we have completed our research we will call you back – normally between two and five business days – and either pass on the property or agree to purchase it.
Step 3: Drafting The New Deed
Once we decide to purchase a property, we will start by drafting a new deed and any additional county specific paperwork that is required to convey title from you, the seller, to us, the buyer. Upon completing this we will normally e-mail or mail copies to you for your review. Once you have agreed that all names, spellings and addresses are correct we will contact a notary in your local area and hire them to close the transaction.
Step 4: The “Notary Close Process”
Once we have hired a notary in your local area we will mail them a packet containing the new deed and all of the required paperwork that will require your signature. The Notary will receive a self-addressed stamped envelope as well as a cashier’s check made out in your name for the cost of the land. The fees for the Notary will be covered by us. We will typically e-mail both you and the notary with instructions including a detailed list of the contents of the packet along with your contact information. Once the notary receives the documents in the mail, they will contact you to set up a time and place to complete the transaction.
Upon meeting, you will be asked to sign the new deed. The notary will notarize and present you with a check for the cost of the land. The notary will make copies of the original document to present to you and will mail the originals back to us. Upon receipt of the signed deed, we will forward all the documentation, along with a check for the Recording Fee to the County in which the property is located.