FORM OF FINANCING
It is important to note that the actual transfer of ownership on financed purchases will not take place until all of the agreed upon payments have been made. This is called a “Contract for Deed” transaction.
Simply put, the buyer will have full use of the property as soon as all documents are signed and the closing fees are paid. Once the last payment has been made, Land Ho will issue the buyer a Warranty Deed, which ensures clean title. During this time, the buyer will be responsible for any property taxes, insurance and association dues, where applicable.
While most of our properties are transferred clear of any liens, there are some which are being sold with some back taxes owed. Additionally, often times there are easements and/or restrictions of record which may impact the land you plan to purchase. Therefore, it is important that you read the property descriptions carefully and do your homework so that you’re not surprised.
We charge low documentation fees to process each purchase and handle the paperwork.