Why should I buy from LTR Land?
As a small, family-owned company, we are able to provide a personalized experience when buying land. We offer owner financing because we don't want a bank to stop anyone from building their family legacy through property ownership. Our process is simple, we have the expertise to help you find what you need, and we’re looking forward to getting to know you!
Can I go see the property before I purchase it?
Absolutely! Reach out and we’ll provide you with any information needed to get to the property. Please know, though, we cannot hold a property for anyone - the property will remain on the market until the down payment and doc fee have been paid.
How does your money-back guarantee work?
When buying a property with our owner financing option, you get a 60 day money-back guarantee. We want you to be completely happy with your purchase. If you’re not satisfied for any reason within the first 60 days, we will either refund the principal paid excluding any fees (i.e. closing costs, doc fees, note maintenance fees, and taxes) or exchange the property for another property in our available inventory. If you decide to exchange the property, the principal amount paid, excluding any fees (i.e. closing costs, doc fees, note maintenance fees, and taxes) will be applied to the new property. The guarantee period begins the date the down payment & documentation fee are paid. Any late or missed payments by the buyer during the guarantee period will automatically void the money back guarantee.
*The guarantee is not applicable to cash sales.
Are there unpaid back taxes on the property? Are there any liens on the property?
We work hard to make sure that the property taxes are paid and that there are no liens on the property when we sell it. Unless otherwise noted, all of our properties are transferred on a Warranty Deed which guarantees the property is free and clear. If for some reason our team missed something, it would be our responsibility to fix it - not yours.
Does the property have utilities?
Unless indicated in the description, the property does not have utilities.
When can I use the property?
If the property is purchased with cash, the property is yours as soon as the deed has been recorded with the county! You are free to do whatever you want with the land!
If you purchase the property on terms (owner financing option), you can begin using the property as soon as the agreement documents are signed, but there are a few things to remember:
1) Know and follow all county rules and regulations (and property association rules if applicable).
2) Improvements to the property (electric, septic, well, building etc.) are not permitted until the property is paid in full.
3) Make your monthly payments on time!
May I camp on the property?
If camping is permitted by the county, go for it! It is important to call the county to get confirmation on whether or not camping is permitted on your property and if there are any regulations (i.e. type of camping, length of time, whether or not a permit is needed etc.). We do our best to stay up to date on any regulations but the county is the ultimate authority and the one who will be enforcing any regulations. We’d be happy to connect you with someone from the county that will answer your questions, if needed. Just let us know!
Can I build while I’m making monthly payments?
We don’t allow improvements to the property before the property is paid in full and the Deed has been recorded with the county. Improvements include things like electric, septic, well, laying a foundation, building etc. If you’d like to discuss this further please reach out!
Can I raise animals on the property?
The answer depends on how the property is zoned. Many times agriculturally zoned properties are best for this type of use but we always encourage prospective buyers to call the county to get confirmation on what can and cannot be done with a particular property. We do our best to stay up to date on regulations but the county is the ultimate authority and the one who will be enforcing any regulations.
How long does it take to close on a property after I make my down payment?
It depends on whether you are buying with our owner financing option or paying cash. If you choose to make monthly payments, we typically close within 24-48 hrs. However, if your down payment & doc fee are made on a weekend or holiday please allow an additional 24-48 hrs. The process to close on a cash sale typically takes two-three weeks, depending on the county where your land is being purchased and their process to transfer ownership.
If I use owner-financing to purchase a property, who pays the property tax and any POA/HOA fees?
All taxes and any POA/HOA fees (Property Owner Association/HomeOwners Association) will be prorated in your monthly payments. LTR Land will be responsible to make all payments directly to the county/POA/HOA until your final payment has been made. Once your loan is paid in full, your Deed will be sent to the county for recording, and you will then be responsible for paying all taxes and POA/HOA fees moving forward.
What happens if I miss a payment?
Our buyers are given a 10 day grace period for missed payments. After the 10 day grace period, if payment isn’t received, a $50 late fee will be charged. If two monthly payments are missed, we will send out a notice of default allowing you 30 days from the second missed payments grace period to bring your account current. This notice is sent via certified mail to the address on file. If we still haven’t heard from you at the end of the 30 days, our agreement will be terminated. LTR Land will be free to sell the property to someone else.
I'd like to purchase land in the United States but I'm not a U.S. resident. Is that ok?
YES! Anyone in the WORLD can purchase land in the United States. Contact us and we’ll walk you through the process!
Are there any fees/penalties for paying off my land early?
No! There are no additional fees or penalties for early payoff. The sooner the property is paid off, the sooner your legacy is in your name!
Would LTR Land be interested in purchasing my property?
Yes! We’re interested in purchasing your property. It’s a different process than buying land, so please contact us and we’ll be excited to talk with you.
