Frequently Asked Questions
Questions about selling in Cash
YES, we strongly recommend that you inspect the property before buying. You should also check with the county on the zoning and approved uses of the property. Particularly, the County Planning and Zoning Department will also be able to tell you about the current and future development plans for the area. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
We do not send representatives from our offices to show property. We purchase land throughout the country and we rarely, if ever, see the property we are buying. This is one of the reasons why we’re able to keep our prices so low. Potential buyers are more than welcome to visit any of the properties they wish to purchase without the supervision or presence of a representative of our Company.
The home page map has each property pinned and shows either the GPS coordinates or the street address. There is an option when you click on one of these pins to have it direct you to the property based on your current location.
Unless otherwise stated, all properties sold on landeagle.net are the property of landeagle.net which is owned and operated by Land Eagle LLC. The only exceptions are the classified listings that are clearly labeled as such.
Contrary to other land sellers, we only purchase properties from private parties and DO NOT engage in purchasing through tax sales or foreclosure sales. All properties are bought with WARRANTY DEEDS. Basically, we acquire beautiful quality properties and then offer them to you at bargain prices.
Because we offer to finance the property for you and don’t require any formal qualifying process, you really don’t need much. We just ask for a valid form of identification as well as the funds necessary to pay your down payment. The down payment is due the moment you choose to purchase a property.
For any potential buyers skeptical of the legitimacy of this operation, we’d encourage you to close through a closing company or attorney, depending on the state. This will allow a third party intermediary to handle both the drawing up and recording of the deed as well as your money. We should mention, however, that this will incur additional costs and those costs will be the responsibility of you, the buyer. Similarly, in order to enter escrow there must be a signed Sale/Purchase agreement between Buyer (you) and Seller (us).
It’s easy. You look at all of our available properties and find the one you like. If you’re local, you are welcome to drive by go and inspect the property. If you’re out of state, you can also ask a local service to go and look for you (see: wegolook.com).
Once you find the lot you’d like, you simply make us an offer on the site. If this offer is accepted, we will immediately email you a contract so you can lock in your purchase by signing online. We can also mail you a contract if you’d prefer.
Once accepted, we begin the escrow process with our registered title agent who will handle the whole closing process for us.
Land can still be exchanged between sellers and buyers with legally binding sales contracts, just like buying a second-hand car! Our contracts are accepted and processed by registered title companies and closing agent.
Yes, absolutely we can. Becoming a VIP buyer with us means we can send you all our great deals before they are advertised on the any sites that offer land. If you are after specific types of land e.g. commercial land, and in a particular area then let us know the details and we will do some searching for you.
No, all our fees are outlined in our contracts with you, so everything is transparent. We don’t charge you a fee for doing business with us. The only fees you are charged are the standard costs associated with buying land such as closing costs. We have a title company who is reputable, efficient and has lowered their fees due to the volume we ask them to process, so we also pass these savings on to you.
We work hard to find the best off-market deals and bring them to you. Off-market means that the owners haven’t advertised, and the lots are often sitting vacant, idle and unused. We make offers to the sellers to help them get rid of land they are not using (and paying taxes on!) and ensure we can market that property to you at below market value. Any savings we make along the way, we pass on to you, our customers. When everyone from the seller to the buyer wins in the deal, then it’s a good deal.
Question about Owner Financing
NO, you don’t need to qualify for financing. We wish to make property ownership affordable for as many people as possible. Therefore, we do not require formal qualifications. It is very simple, you want to buy a piece of land and we want to sell it to you. That’s it. We do however, perform a check against a database in order to see if you have an IRS lien against you. This would be the ONLY disqualifying reason for the simple reason that IRS liens attach themselves to any property you own and will not be removed until they are paid off. Other than that we do not look at your credit at all. We do not look at your credit score and even bankruptcies are fine.
This varies by property and will be noted in each property description. The larger the sale amount, the longer the term will be permitted to be.
No. You can pay off your property at any time with no pre-payment penalty whatsoever. Just call us and let us know when you wish to pay if off and we will let you know your pay-off amount.
Yes, giving a larger down payment amount is absolutely possible. Please contact us with what amount you would like to put down (must be at least the minimum) and we will accommodate the contract for this. Of course you can also make additional monthly payments without any form of pre-payment penalty or fee.
If the dollar amount that you use as a Down-Payment is larger than what is required, the monthly payment will be reduced. The term (length of the loan) can stay the same.
This varies by property and will be noted in each property description. The larger the sale amount, the longer the term will be permitted to be.
Other Questions
The information provided on each property’s listing page includes the APN Number and Legal Description. Typically when you’re speaking about rural, vacant and undeveloped land you will use one of these to denote the property or its general location.
No. We guaranty a free and clear marketable title on all properties we sell.
When purchasing a piece of land from us, we will either sign a Sale Agreement, which is used for cash purchases. If purchasing via financing, you will sign either a Land contract, Agreement for Deed or Lease Option which lays out all the terms of the transaction including the sale price, down payment, monthly payments, interest rate (if applicable), rent credits (if applicable), cost of loan, and all the details commonly in such a document. The determination of which document is used is based on how much is put down and the amount being financed.
Once a property purchased through landeagle.net is paid off, transfer of title occurs exclusively using Special Warranty Deeds. This form of deed gives you, the valued customer, one of the highest levels of protection.
If the dollar amount that you use as a Down-Payment is larger than what is required, the monthly payment will be reduced. The term (length of the loan) can stay the same.
Once you pay for a property in full, your title to the property will be conveyed via Special Warranty Deed within thirty (30) business days. We commit to signing all paperwork necessary to transfer ownership and deliver a Special Warranty deed to the recorder/clerk of the county the property is located. In addition you will receive copies of the notarized deed via mail so you can have proof that the seller has issued the deed to you. After the recording of the original Warranty deed is completed, the county recorder/clerk will then return it directly to you. Depending on the County it may take 4-14 weeks (depending on the county) for the county recorder/clerk to mail the recorded deed back to you