Are you tired of cold, damp winters, shoveling snow, and putting up with oppressive state and local governments? Do you need a change of locations for winter - or for Good? Either way, you can start making your dreams come true for about the cost of a nice car payment.
With just $575 down, and $575 per month (0% INTEREST), you can buy a residential lot in Lehigh Acres, Florida. This parcel is in a neighborhood where there are already paved roads, power, sewer and water at the street, and the local government takes care of mowing the weeds until you build (included in the low property taxes) along the road so maintenance is worry-free. You can build your home right away, or maybe you just want to lock in your investment now, before the projected high inflation erodes your purchasing power.
Where else can you buy a great, ready-to-build residential lot in sunny south florida, with $575 down, monthly payments for about what a lot of people pay for a car payment, and not pay any interest. That's right, Zero interest!
Take a look at the info and photos below, and then, if you have any additional questions, give me a call.
First up, here's a great video I found on YouTube - describing the Fort Myers - Cape Coral Metro Area (Lee County, FL)
Here are some photos that I took of the lot... and surrounding neighbors. Hover your mouse over the photos for captions. Or, click on the first photo to enlarge, and use the arrows on the sides of the photo to move through the photos.
Here are photos representing some of the many fun and adventurous things to do in the Fort Myers, Lehigh Acres area. Hover your mouse over the photos for captions. Or, click on the first photo to enlarge, and use the arrows on the sides of the photo to move through the photos.
Here are some details about the parcel and the surrounding area ...
This residential lot already has a mailing address: 342 Pyramid Ave, Lehigh Acres, FL 33974
According to Redfin.com, this residential lot is in the "Alabama" section, which means the main parkway connecting the neighborhood to Highway 82 (the mail road connecting Lehigh Acres to Fort Meyers) is Alabama Rd, South. There is a lot to do in Lee County, Florida.
According to Zillow.com: "Home values in 33974 have increased 5.5 % (↑) over the past 12 months, and Zillow predicts the home values in 33974 will increase 9.9% (↑) in the next year." (quoted from the website on December 28, 2020).
According to "Tripadvisor.com", the top attractions for visitors to Lehigh Acres are...
Just a few miles away you will find Fort Meyers, are larger and longer established community offering even more to do. Check these out...
And no visit to Lee County Florida would be complete without spending at least a day (some say a week, others say a lifetime) on the white-sand beaches of Fort Meyers Beach, just 40 minute-drive from Pyramid Avenue.
Less than an hour from home is Sanibel Island, a popular tourist destination known for its sunsets, views of the lighthouse, shell beaches and wildlife refuges. Locals from across the bridge frequently visit the island to enjoy fresh seafood dining, fishing and boating, or just to gather shells from the beaches. Visitors from all over the US come to spend their vacation on Sanibel Island, even through the resorts are very pricey. However, you can come out for the day, and if you choose, you can drive home in less than an hour.
Here are some photographs I took while the Fort Myers Beach area. Hover your mouse over the photos for captions. Or, click on the first photo to enlarge, and use the arrows on the sides of the photo to move through the photos.
According to Redfin.com, this residential lot is in the "Alabama" section, which means the main parkway connecting the neighborhood to Highway 82 (the mail road connecting Lehigh Acres to Fort Meyers) is Alabama Rd, South. There is a lot to do in Lee County, Florida.
According to Zillow.com: "Home values in 33974 have increased 5.5 % (↑) over the past 12 months, and Zillow predicts the home values in 33974 will increase 9.9% (↑) in the next year." (quoted from the website on December 28, 2020).
According to "Tripadvisor.com", the top attractions for visitors to Lehigh Acres are...
- Harn's Marsh - a great place to view wildlife, go fishing or hiking, take a picnic or birdwatch
- Lehigh Acres Trailhead Park - a beautiful park for hiking and picnicking.
- Five Star Stables - They provide riding lessons, boarding, moonlight trail ride, jumping, barrel racing, horse camps and more.
- Linda's Stargaxing Adventures - offers a clear planetarium-like view of the Southern sky. See stars, planets and constellations.
- Majestic Golf Club - Beautiful 18-hole course, par 72 and the Blue Tees are rated 72.9 and a slope of 131.
- Westminster Golf and Country Club - a semi-private 18 hole championship course (open to the public) . Gold Tees 72.7/125
- Lool Ha Spa - offering professional massage therapy, body and facial treatments, body-wraps, hot stones, reflexology and more.
- Mirror Lakes Golf Club - currently closed.
- Copperhead Golf Club, a par 72, 18-hole course. The longest tee length is 6,680 yards, with a rating of 70.9 and a slope of 129.
- Cypress Pines Country Club - a lovely 18-hole course that is open to the public.
Just a few miles away you will find Fort Meyers, are larger and longer established community offering even more to do. Check these out...
- Edison and Ford Winter Estates - Visit the winter homes and award-winning gardens of Thomas Edison and Henry Ford.
- Six Mile Cypress Slough Preserve - walk along the boardwalk and enjoy nature, and visit the popular Interpretive center.
- Lakes Regional Park - 300 acres of trails, lakes and gardens, including two playgrounds and water parks, and more.
- Manatee Park - the warm water in the winter make this a favorite home for the Manatees.
- Fort Myers River District - stroll the town, look at street art, browse the antique shops, enjoy the historic colorful architecture.
- JetBlue Park - The park is set up like a "mini-Fenway Stadium", the ideal place to see up and coming players headed to Boston Red Sox.
- CenturyLink Sports Complex - Hammond Stadium - The Fort Myers Miracles are the class A affiliate for the Minnesota Twins
- Bunche Beach - a 718 acre beach and mangrove forest preserve, great for swimming, sun bathing, canoeing, fishing and hiking.
- McGregor Boulevard - walk through the historic community that includes the Edison and Ford Winter Estates
- Fort Myers Brewing Company - 1st microbrewery in Fort Myers - considered a hidden gem to locals. 30+ brews and food trucks.
And no visit to Lee County Florida would be complete without spending at least a day (some say a week, others say a lifetime) on the white-sand beaches of Fort Meyers Beach, just 40 minute-drive from Pyramid Avenue.
Less than an hour from home is Sanibel Island, a popular tourist destination known for its sunsets, views of the lighthouse, shell beaches and wildlife refuges. Locals from across the bridge frequently visit the island to enjoy fresh seafood dining, fishing and boating, or just to gather shells from the beaches. Visitors from all over the US come to spend their vacation on Sanibel Island, even through the resorts are very pricey. However, you can come out for the day, and if you choose, you can drive home in less than an hour.
Here are some photographs I took while the Fort Myers Beach area. Hover your mouse over the photos for captions. Or, click on the first photo to enlarge, and use the arrows on the sides of the photo to move through the photos.
Here are some maps, documents and/or some screen shots that show property lines and other information. Hover your mouse over the photos for captions. Because these screen shots are irregular size, you can see them much better using the slide show feature, by single clicking on the first photo. Then use the arrows on the sides of the photo to move through the photos
Here are exerpts from an article about Lehigh Acres appearing in the New-Press.com on Oct 18, 2019
Here's the location on Google Maps. Input these coordinates right into your smart phone, and it will take you to the middle of the parcel: 26.57834, -81.65747700000001 You can zoom in to see the lot lines of the parcel, or zoom out to see the surrounding area.
PRICE AND DETAILS:
PRICE: Finance over three years at ZERO PERCENT INTEREST! Start by making a $575 down payment (includes $275 applied to the purchase price, and $300 for a non-refundable doc fee) followed by monthly payments of $275 ($253.44 applied towards purchase price, and $21.56 per month applied towards Lee County property taxes) for a period of just three years. At the end of the three years, you will have paid a total of $9,398.84 for the property (plus a one time $300 doc fee and the property taxes) and the property is yours, free and clear. There is NO INTEREST, and NO PRE-PAYMENT PENALTY. If you prefer to pay cash for the property, you will receive a 20% discount, so the cash price is $7519.07 ($9,398.84 less 20% cash discount). For a cash sale, the buyer is responsible for all closing costs associated with closing through a local escrow company (I recommend Experienced Title Co in Lehigh Acres (Phone: 239-230-7025).
ACRES: Approx. 0.27 acres (9,757 square feet)
APN: 45270707000280100
PROPERTY LOCATION: 342 Pyramid Avenue, Lehigh Acres, Florida
NEAREST MAJOR METRO AREA: Cape Coral–Fort Myers is the 6th Largest Metropolitan Area in Florida.
UTILITIES: Water, Sewer and Electrical Power are already located at the street.
NEAREST SCHOOLS: Info according to Zillow
IDEAL USAGE:
The lot is a little over a quarter of an acre, in a neighborhood that already has several homes, many of which have swimming pools in the back yard, indicating nice homes in a nice community.
This is the ideal lot for someone who wants to build a home in a nice neighborhood, and have easy access to the amenities that the Fort Myers Metro Area offers, including golf, hiking, wildlife viewing, boating, beach, swimming, baseball games, shopping and more.
Whether you build now, or hold this gem until you are ready, you can rest easy knowing that you have locked in a great lot in a great community, before prices get away from their currently affordable levels. Zillow projects a 9.9% annual growth rate for the coming year.
BACK STORY:
I am retired (as of October 2020), and for the last several years, I have been buying and selling rural vacant lots within my 401k account, in my spare time. I look through thousands of properties and make hundreds of offers before I find one property that meets my criteria and allows me to buy it at a deep discount, so I can turn around and sell it below market value, and still make a decent profit for my time and expense. I bought this residential building lot as an investments about five years ago. I purchased this, and 3 other lots from one of the Lee County tax deed auctions, and sold two of the lots in 2016, and the third in 2020. I've kept this one - just in case I decided to retire to Florida, but my wife won't leave the grandkids in Tennessee behind, so we are not heading for the Sunny South Florida paradise anytime soon. I hold this parcel in my 401k account through a land trust. When I sold the other parcel in October of 2020, I used Experienced Title Co in Lehigh Acres at the recommendation of the buyer. They did a great job, and I would recommend them highly if you are buying this for cash. If you are buying on terms, I take care of all the paperwork, and will execute a Special Warranty Deed when you have paid off the property, and I'll even file it with the county for you, all included in the $300 doc fee included in the down payment.
PROPERTY TAXES:
Annual: $258.79 per year (as of 2020 taxes) - $258.79 divided by 12 months = $21.56 per month
Owed: None - Property Taxes are Paid Up to Date as of Nov 16, 2020
When you are ready to buy the parcel, want to inquire about financing, or have other questions, give me a call on my personal cell phone number (423) 596-3196, or shoot me an email at LarrySellsLand@gmail.com
TERMS SALE: As you may know, trying to finance a piece of vacant land through a bank is difficult, if not impossible. To accommodate the needs of our buyers, we sometimes are able to offer financing on our properties. This is one of those properties where we can offer terms.
On this parcel, we require a down payment, or $3,500 to start (includes a $500 doc fee). We will finance the balance on a land contract, (pretty much the same as making payments on a car), except we are not charging any interest, and there is no pre-payment penalty. The balance will be paid in 120 payments of $150.00 per month, starting the month after the down payment is made. That's a total of $21,500 for the parcel. Still on the low end of the market range for the lot - estimated between $20,000 and $25,000. This is simple and straight forward. We don't pull your credit report, and we don't check your income. We do ask you to confirm that you can do three things before you buy the land...
Of course, it is assumed that your intention is to complete the payments and own the land, free and clear. However, we also know that occasionally, things happen. For this reason, we allow buyers to cease their payments at any time, and we don't send negative credit reports, or follow up with any legal proceedings. If a person needs to back out of the transaction, they can just forfeit their rights to the land, and abandon any previous payments. We will take the land back, and resell it at a later time. Of course, I know you won't want to give up the down payment and monthly payments you have made, but if something happens and you have to back out of the agreement, it's an option.
And when the full balance of the purchase price has been satisfied, we will send you a "satisfaction of payments" document, along with a signed and notarized deed, ready to file at the county recorder.
If you are interested in the payment plan, let us know and we will set things up for you in a matter of hours. First, go to the FAQ page on this website, and at the bottom of the page, I better describe the cash and terms purchase options, and there you can download the cash purchase agreement or the terms land contract. Print it out, fill in the blanks, initial and sign the document. Take photos of the signed docs and email to text them to me.
Once I have received your signed documents, your down payment can be paid one of three ways.
PayPal allows the Buyer to use a credit card, debit card, or bank account. Facebook Marketplace only accepts debit card to send or receive payments. Any of these methods will allow the Buyer to make the deposit. As the Seller, I ask that you do not make a payment via either method, until after I have received your paperwork. There is always the possibility that I may receive two sets of paperwork and I prefer not to have two people send me funds for the same parcel. If this were to happen, with Marketplace, I have to initiate the order to "Accept Payment", so I could accept one and decline the other, but I don't have that same option with PayPal, and I prefer not to have to accept and then send a refund.
If you would like to snatch this offer up, before any one else does, just jump over to the FAQ page on this website, where you will find more information on purchasing this property. Read that information, and then you can download the form at the bottom of the page.
CASH SALE - WITH TITLE COMPANY CLOSE:
We purchased this property for cash, and used Reliant Title for the escrow, and purchased the title insurance on the property. Unless you object, I would recommend using this same title company again. Any good title/escrow service does most the work required for a clean transfer of ownership. Just email me a request addressed to LarrySellsLand@gmail.com and tell me you want to purchase the property for cash. I will email you the "Standard Vacant Land Purchase and Sale Agreement". Simply print out this form, fill in the blanks, and sign it. Then take a photo of the form and send it, either as an attachment to email, or as a text to my personal cell phone number (423) 596-3196.
When I (the Seller) receive your signed Purchase and Sale Agreement, Seller will ask you (the Buyer) to make a $500 non-refundable earnest-money deposit (which will apply towards the purchase price.) This deposit can be paid in one of three ways.
PayPal allows the Buyer to use a credit card, debit card, or bank account. Facebook Marketplace only accepts debit card to send or receive payments. Any of these methods will allow the Buyer to make the deposit. As the Seller, I ask that you do not make a payment via either method, until after I have received your paperwork. There is always the possibility that I may receive two sets of paperwork and I prefer not to have two people send me funds for the same parcel. If this were to happen, with Marketplace, I have to initiate the order to "Accept Payment", so I could accept one and decline the other, but I don't have that same option with PayPal, and I prefer not to have to accept and then send a refund.
Once I have received your signed agreement, and your non-refundable deposit, I will submit the signed agreement to Reliant Title (also known as the title company), and ask them to handle the transaction. They will abide by the purchase agreement, and at your instruction, will do the research necessary to provide you with a Warranty Deed of ownership, and the title insurance policy (if you chose to purchase one). In the end, they record your deed at the county recorder, and you'll have the title insurance policy. Many of my customers do not live in the county where the parcel is, and the escrow company will take care of emailing the closing documents to you. You'll need to be able to print out a few documents, sign them in the presence of a Notary Public, and then return them to the escrow service.
The other decision for you will be whether or not you want to purchase a "Title Insurance Policy". In most cases, the title insurance premium is about $150 or so. This is an optional purchase for you, but if you are planning to take out a mortgage to secure a building loan on this parcel, your bank will certainly want title insurance. If that's the case, I highly recommend you purchase title insurance at this time.
Please note -- The $500 non-refundable deposit protects me, so if you change your mind, or fail to complete the sale within 30 days, the sale is terminated, and the fee will be retained. Please don't act on this purchase until you are ready to commit to the purchase.
For more information on purchasing this property, and to download the purchase agreement, please visit the FAQ page. Read that information, and then you can download the form at the bottom of the page.
BACK UP OFFERS:
There are two things I want you to be aware of. Even though someone says "I want it", I continue to offer the property to others until I have received both of these items (a) a signed agreement, and (b) the deposit for a cash sale, or in the case of a terms sale, the down payment. Once I receive both of these from you, you can consider the property yours. At that point, I mark the listing as "Pending" and I don't accept any down payments or deposits, but I will accept other signed agreements, just in case the first sale falls through, then I know who is next in line.
DUE DILIGENCE:
As with any sizable purchase, you should do your due diligence before purchasing this, or any real estate. We have provided all the information we know about the property, and have relied on websites for most of our information. Although the information is deemed reliable, you should do your own research, and talk to the title company when they get the preliminary report completed (usually about 10 days).
MORE INFO:
If you find any information on this web page to be incorrect, please let me know so I can make a correction ASAP. After you have read ALL the information on this page (which means you know everything I know about the property), feel free to call me if you have any additional questions or need to clarify anything. My name is Larry Stewart and my personal cell phone number is (423) 596-3196
PRICE: Finance over three years at ZERO PERCENT INTEREST! Start by making a $575 down payment (includes $275 applied to the purchase price, and $300 for a non-refundable doc fee) followed by monthly payments of $275 ($253.44 applied towards purchase price, and $21.56 per month applied towards Lee County property taxes) for a period of just three years. At the end of the three years, you will have paid a total of $9,398.84 for the property (plus a one time $300 doc fee and the property taxes) and the property is yours, free and clear. There is NO INTEREST, and NO PRE-PAYMENT PENALTY. If you prefer to pay cash for the property, you will receive a 20% discount, so the cash price is $7519.07 ($9,398.84 less 20% cash discount). For a cash sale, the buyer is responsible for all closing costs associated with closing through a local escrow company (I recommend Experienced Title Co in Lehigh Acres (Phone: 239-230-7025).
ACRES: Approx. 0.27 acres (9,757 square feet)
APN: 45270707000280100
PROPERTY LOCATION: 342 Pyramid Avenue, Lehigh Acres, Florida
NEAREST MAJOR METRO AREA: Cape Coral–Fort Myers is the 6th Largest Metropolitan Area in Florida.
UTILITIES: Water, Sewer and Electrical Power are already located at the street.
NEAREST SCHOOLS: Info according to Zillow
- 4/10 - James Stephens Int'l Academy GreatSchools Rating: PK-5, Distance: 11.6mi
- 7/10 - Cypress Lake Middle School GreatSchools Rating: 6-8, Distance: 15.4 mi
- 6/10 - Fort Myers High School GreatSchools Rating: 9-12, Distance: 14.1 mi
IDEAL USAGE:
The lot is a little over a quarter of an acre, in a neighborhood that already has several homes, many of which have swimming pools in the back yard, indicating nice homes in a nice community.
This is the ideal lot for someone who wants to build a home in a nice neighborhood, and have easy access to the amenities that the Fort Myers Metro Area offers, including golf, hiking, wildlife viewing, boating, beach, swimming, baseball games, shopping and more.
Whether you build now, or hold this gem until you are ready, you can rest easy knowing that you have locked in a great lot in a great community, before prices get away from their currently affordable levels. Zillow projects a 9.9% annual growth rate for the coming year.
BACK STORY:
I am retired (as of October 2020), and for the last several years, I have been buying and selling rural vacant lots within my 401k account, in my spare time. I look through thousands of properties and make hundreds of offers before I find one property that meets my criteria and allows me to buy it at a deep discount, so I can turn around and sell it below market value, and still make a decent profit for my time and expense. I bought this residential building lot as an investments about five years ago. I purchased this, and 3 other lots from one of the Lee County tax deed auctions, and sold two of the lots in 2016, and the third in 2020. I've kept this one - just in case I decided to retire to Florida, but my wife won't leave the grandkids in Tennessee behind, so we are not heading for the Sunny South Florida paradise anytime soon. I hold this parcel in my 401k account through a land trust. When I sold the other parcel in October of 2020, I used Experienced Title Co in Lehigh Acres at the recommendation of the buyer. They did a great job, and I would recommend them highly if you are buying this for cash. If you are buying on terms, I take care of all the paperwork, and will execute a Special Warranty Deed when you have paid off the property, and I'll even file it with the county for you, all included in the $300 doc fee included in the down payment.
PROPERTY TAXES:
Annual: $258.79 per year (as of 2020 taxes) - $258.79 divided by 12 months = $21.56 per month
Owed: None - Property Taxes are Paid Up to Date as of Nov 16, 2020
When you are ready to buy the parcel, want to inquire about financing, or have other questions, give me a call on my personal cell phone number (423) 596-3196, or shoot me an email at LarrySellsLand@gmail.com
TERMS SALE: As you may know, trying to finance a piece of vacant land through a bank is difficult, if not impossible. To accommodate the needs of our buyers, we sometimes are able to offer financing on our properties. This is one of those properties where we can offer terms.
On this parcel, we require a down payment, or $3,500 to start (includes a $500 doc fee). We will finance the balance on a land contract, (pretty much the same as making payments on a car), except we are not charging any interest, and there is no pre-payment penalty. The balance will be paid in 120 payments of $150.00 per month, starting the month after the down payment is made. That's a total of $21,500 for the parcel. Still on the low end of the market range for the lot - estimated between $20,000 and $25,000. This is simple and straight forward. We don't pull your credit report, and we don't check your income. We do ask you to confirm that you can do three things before you buy the land...
- Give us verbal assurance that you can afford both the down payment and the monthly payments, and
- Give us verbal assurance that you are responsible enough to mail in your payment each month (personal check or money order, or better yet, set up a bill pay recurring payment to be automatically mailed by your bank) , to be received in our mail box by the 5th of each month, without us having to remind you, and without any excuses.
- Promise us that you will respect the land, and not do anything against the law, and not do anything that would diminish the value of the land.
Of course, it is assumed that your intention is to complete the payments and own the land, free and clear. However, we also know that occasionally, things happen. For this reason, we allow buyers to cease their payments at any time, and we don't send negative credit reports, or follow up with any legal proceedings. If a person needs to back out of the transaction, they can just forfeit their rights to the land, and abandon any previous payments. We will take the land back, and resell it at a later time. Of course, I know you won't want to give up the down payment and monthly payments you have made, but if something happens and you have to back out of the agreement, it's an option.
And when the full balance of the purchase price has been satisfied, we will send you a "satisfaction of payments" document, along with a signed and notarized deed, ready to file at the county recorder.
If you are interested in the payment plan, let us know and we will set things up for you in a matter of hours. First, go to the FAQ page on this website, and at the bottom of the page, I better describe the cash and terms purchase options, and there you can download the cash purchase agreement or the terms land contract. Print it out, fill in the blanks, initial and sign the document. Take photos of the signed docs and email to text them to me.
Once I have received your signed documents, your down payment can be paid one of three ways.
- At Buyer request, Seller will send a PayPal invoice to the Buyer in the amount of $3,500.00, or
- Buyer may elect to send $3,500.00 down payment through Facebook Marketplace.
- Buyer can mail a check, money order or cashiers check and send it via "snail mail".
PayPal allows the Buyer to use a credit card, debit card, or bank account. Facebook Marketplace only accepts debit card to send or receive payments. Any of these methods will allow the Buyer to make the deposit. As the Seller, I ask that you do not make a payment via either method, until after I have received your paperwork. There is always the possibility that I may receive two sets of paperwork and I prefer not to have two people send me funds for the same parcel. If this were to happen, with Marketplace, I have to initiate the order to "Accept Payment", so I could accept one and decline the other, but I don't have that same option with PayPal, and I prefer not to have to accept and then send a refund.
If you would like to snatch this offer up, before any one else does, just jump over to the FAQ page on this website, where you will find more information on purchasing this property. Read that information, and then you can download the form at the bottom of the page.
CASH SALE - WITH TITLE COMPANY CLOSE:
We purchased this property for cash, and used Reliant Title for the escrow, and purchased the title insurance on the property. Unless you object, I would recommend using this same title company again. Any good title/escrow service does most the work required for a clean transfer of ownership. Just email me a request addressed to LarrySellsLand@gmail.com and tell me you want to purchase the property for cash. I will email you the "Standard Vacant Land Purchase and Sale Agreement". Simply print out this form, fill in the blanks, and sign it. Then take a photo of the form and send it, either as an attachment to email, or as a text to my personal cell phone number (423) 596-3196.
When I (the Seller) receive your signed Purchase and Sale Agreement, Seller will ask you (the Buyer) to make a $500 non-refundable earnest-money deposit (which will apply towards the purchase price.) This deposit can be paid in one of three ways.
- At Buyer request, Seller will send a PayPal invoice to the Buyer in the amount of $500.00, or
- Buyer may elect to send $500.00 payment through Facebook Marketplace.
- Buyer can mail a check, money order or cashiers check for $500 and send it via "snail mail".
PayPal allows the Buyer to use a credit card, debit card, or bank account. Facebook Marketplace only accepts debit card to send or receive payments. Any of these methods will allow the Buyer to make the deposit. As the Seller, I ask that you do not make a payment via either method, until after I have received your paperwork. There is always the possibility that I may receive two sets of paperwork and I prefer not to have two people send me funds for the same parcel. If this were to happen, with Marketplace, I have to initiate the order to "Accept Payment", so I could accept one and decline the other, but I don't have that same option with PayPal, and I prefer not to have to accept and then send a refund.
Once I have received your signed agreement, and your non-refundable deposit, I will submit the signed agreement to Reliant Title (also known as the title company), and ask them to handle the transaction. They will abide by the purchase agreement, and at your instruction, will do the research necessary to provide you with a Warranty Deed of ownership, and the title insurance policy (if you chose to purchase one). In the end, they record your deed at the county recorder, and you'll have the title insurance policy. Many of my customers do not live in the county where the parcel is, and the escrow company will take care of emailing the closing documents to you. You'll need to be able to print out a few documents, sign them in the presence of a Notary Public, and then return them to the escrow service.
The other decision for you will be whether or not you want to purchase a "Title Insurance Policy". In most cases, the title insurance premium is about $150 or so. This is an optional purchase for you, but if you are planning to take out a mortgage to secure a building loan on this parcel, your bank will certainly want title insurance. If that's the case, I highly recommend you purchase title insurance at this time.
Please note -- The $500 non-refundable deposit protects me, so if you change your mind, or fail to complete the sale within 30 days, the sale is terminated, and the fee will be retained. Please don't act on this purchase until you are ready to commit to the purchase.
For more information on purchasing this property, and to download the purchase agreement, please visit the FAQ page. Read that information, and then you can download the form at the bottom of the page.
BACK UP OFFERS:
There are two things I want you to be aware of. Even though someone says "I want it", I continue to offer the property to others until I have received both of these items (a) a signed agreement, and (b) the deposit for a cash sale, or in the case of a terms sale, the down payment. Once I receive both of these from you, you can consider the property yours. At that point, I mark the listing as "Pending" and I don't accept any down payments or deposits, but I will accept other signed agreements, just in case the first sale falls through, then I know who is next in line.
DUE DILIGENCE:
As with any sizable purchase, you should do your due diligence before purchasing this, or any real estate. We have provided all the information we know about the property, and have relied on websites for most of our information. Although the information is deemed reliable, you should do your own research, and talk to the title company when they get the preliminary report completed (usually about 10 days).
MORE INFO:
If you find any information on this web page to be incorrect, please let me know so I can make a correction ASAP. After you have read ALL the information on this page (which means you know everything I know about the property), feel free to call me if you have any additional questions or need to clarify anything. My name is Larry Stewart and my personal cell phone number is (423) 596-3196
