Terms & Conditions
General Terms of Sale
- For properties where the sale is being managed through a Real Estate Agent, standard real estate purchase terms and conditions apply.
- For properties where the sale is being managed by our company and/or are being sold through our Contract Assignment Program, the terms of the Purchase and Sale Agreement & Assignment Agreement apply.
Forms of Payment Accepted (New Purchases vs. Monthly Payments)
- New Purchases: Buyers will submit U.S. certified funds directly to closing company in a manner acceptable to them (wire transfer or cashier’s check).
- Monthly Payments: When owner-financing is offered, Buyers will make payments via debits from a U.S. banking institution checking or savings account through the Loan Servicing Agency’s online payment system, or through Cash Equivalents (Cashier’s Checks, Money Orders, Traveler’s Checks), or through Personal Checks, or Company Checks.
Conditions of Sale
- All properties are being sold in an “As Is, Where Is, and with All Faults” condition as of the date of sale. All sales are considered SOLD and FINAL. Buyer understands that Seller will disclose all known facts regarding the property. Buyer acknowledges that all properties are being sold subject to all existing covenants, conditions, restrictions, reservations, exploration and mineral rights, easements, rights of way, assessments, zoning, and all other land use restrictions as there may be on or off record.
- Property information is deemed reliable but is not guaranteed and Buyer should perform due diligence to Buyer’s own satisfaction.
- Inspect the Property Before You Buy!
- All Buyers should personally inspect each property and its physical condition prior to purchasing. Failure of a Buyer to obtain full information about the condition of a property, or to conduct their own on-site or off-site property inspection and research, will in no way constitute grounds for any claim against the Seller nor the cancellation or adjustment of the sale.
Seller and Website Disclaimer
- Unless otherwise indicated within a property listing (ie properties sold through our Contract Assignment Program where Grounded Properties, LLC is not the owner), the properties listed on this website are owned by Grounded Properties, LLC. It is the responsibility of the Buyer to determine the accuracy of all measurements and specifications of the property, and Buyers are urged to contact the appropriate planning, zoning, and utility agencies to ensure the property is suitable for their needs prior to purchase. Some of these agencies may be listed on our Resources page.
- Any property information including, but not limited to, all property images, descriptions, pricing, locations and availability; hereinafter referred to as “Real Estate Information” made available through this website is provided solely for informational purposes and is not guaranteed or warranted by Grounded Properties, LLC. We believe the Real Estate Information to be accurate and complete; however it is subject to change and/or correction without notice. All information regarding the real estate advertised has been assembled through various sources, and independent investigation should be conducted by all Buyers. Buyers should verify all Real Estate Information through public records available through the County Clerk or Registrar in the county where the property is located. None of the information on this website is to be construed as a representation or warranty regarding the properties being sold. The only warranties and/or representations regarding the sale of any properties listed on this site are those contained in any Deed or Title Reports delivered to the Buyer by the closing company. Grounded Properties, LLC does not assume any responsibility for confirmation of the information provided and is not liable for misinformation, typographical errors, errors of omission, misprints, or other errors in these advertisements.
Loan Servicing Fee
- For owner-financed properties, a reasonable monthly loan servicing fee of $20.00 per property will be included in the monthly payment to help cover the Seller’s cost of processing the loan payments by the Loan Servicing Agency of the seller’s choice.
Property Taxes/Association Fees
- Buyer is responsible for all property taxes due after the date of the sale. Taxes will be prorated such that Seller is responsible for all property taxes due and payable until and including the day of the sale. If Buyer chooses the financing option, Buyer is responsible to pay the property taxes directly to the county treasurer/tax collector throughout the course of the loan (per county tax collector due dates). Taxes will NOT be impounded in the monthly payment. Should Buyer fail or refuse to pay the taxes due, Seller may pay the taxes on Buyer’s behalf and charge the Buyer back. The lien against the property will not be released until property tax payments are reimbursed to the Seller from the Buyer in such a case.
- As with property taxes, Buyer is responsible to pay association fees (if applicable) and keep them current throughout the course of the loan or be charged back as stated above.
- Buyers should contact the appropriate county offices as indicated on our Resources page for any questions about property taxes, assessed values or supplemental assessments.
Early Loan Pre-Payment
- There is NO PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any pre-payment fees.
Ownership Transfer/Title Insurance
- All sales will be closed by a reputable escrow/title company or attorney and for most properties the Seller will convey ownership to the property at close of escrow and a Grant/Warranty Deed will be issued. For the majority of the properties that are owner-financed, a Deed of Trust or Mortgage will be recorded to secure Seller’s interest in the property. In limited cases a Contract for Deed may be used in some states whereby the Buyer will receive title to the property once an owner-financed property has been paid off.
- Most properties will be conveyed with title insurance. Exceptions may apply for lower-priced properties (ie sale price is less than $5,000.00).
- For the properties owned by Grounded Properties, LLC, Seller advises Buyer that at the time of sale, the property is free and clear from liens other than recurring assessments and bonds and that the property has insurable title. Additionally, at the time of sale, the property does not have any delinquent taxes due (and/or any owing taxes will be paid at Seller’s expense).
Seller and Website do not guarantee
- The property boundaries and corner markers to be accurate. The exact property boundaries and locations can only be identified by an official property survey.
- Suitability of property for building site. Some property encumbrances can only be identified by a detailed expert inspection of a property. Unless otherwise stated, Seller is unaware of such encumbrances.
- Availability of municipal water or water via a private well. All Buyers are urged to contact local municipal planning and zoning departments or the State Department of Water Resources for information on water availability and local municipal development departments for future water availability plans
- Availability of Utilities. All Buyers are urged to contact the local utility companies for information on availability, cost and future development plans for extending electric and telephone lines to the property.
- Feasibility to place a “standard” septic system on the property. Seller has not engaged in any kind of soil or percolation testing. (Not all properties require percolation testing; however some do). Some properties might require the installation of an “alternative” (i.e. Hydraulic, Sand Filtered, or Mounted, to name a few) septic system. Unless otherwise stated, Seller is unaware of such conditions.
- Physical or legal road access or lack thereof. Seller is unaware of such encumbrances unless specifically stated in the individual property listing. Some parcels might be “land-locked”.
- That any roads existing on third party maps (amongst them but not limited to: County Maps, http://maps.google.com, http://mapquest.com, http://bing.com/maps), actually exist. All maps were provided for information and orientation purposes only. No liability is assumed for the accuracy of the data delineated therein.
- Any zoning restrictions, building codes, permit requirements or any other land use restrictions. Contact local municipal Planning and Zoning Departments or affiliated Departments (like Building and Public Safety Department) of the municipality or county in which the property is located.
- The existence of Mineral Rights for the property. Unless otherwise stated for the particular property, Buyer should assume that No Mineral Rights convey with the property. Contact appropriate local authorities for clarification on Mineral Rights on a particular property you are interested in.
- Existence of Homeowners Association Fees, local or regional Bonds for Utilities, Water, Sewer, and street improvement. Unless otherwise stated for a property, Seller is unaware of such assessments.
- Directions to properties. Directions to properties are provided for orientation purposes only and Seller does not guarantee the accuracy of such directions.
Frequently Asked Questions (FAQs)
Should I visit the property before buying?
- YES, we strongly recommend that Buyers inspect the property before buying. Buyers should also check with the county on the zoning and approved uses of the property. The county Planning and Zoning Department will also be able to advise about the current and future development plans for the area. Our Resources page may help. While we will do our best to advise everything we know about each property, nothing replaces the value of a Buyer doing their own research and due diligence.
Who owns the properties being sold on the LandRushNow.com website?
- Unless otherwise indicated within a property listing (ie properties sold through our Contract Assignment Program where Grounded Properties, LLC is not the owner), the properties listed on this website are fully owned (FREE AND CLEAR) by Grounded Properties, LLC.
If I end up buying a property, how fast do I need to pay the total amount due?
- For properties sold through a Real Estate Agent, Buyers will submit a deposit at the time the contract is written to purchase the property, and the balance will be paid prior to the close of escrow directly to the escrow company (usually within 2-4 weeks).
- For properties sold through ourselves and/or through our Contract Assignment Program, Buyers will submit a deposit upon execution of the Assignment Agreement, and the balance of the purchase cost and assignment fee will be paid at the close of escrow (usually within 2-4 weeks).
What are the benefits of buying on terms using a Note/Deed of Trust?
- Because a Deed of Trust is recorded at the close of escrow, and Buyers receive a Grant/Warranty Deed, title to the property is conveyed right away (instead of having to wait to receive title to the property after the loan has been paid off as with other forms of contracts). Grant/Warranty Deeds provide Buyers with one of the highest levels of protection and thus the Buyer has full security and a clear equity position. For example, it makes it easy for the Buyer to sell the property again. Deed type explanations can be found Here.
Who do I contact if I have questions about the sale process or about a specific property?
- If questions cannot be answered through this FAQs page or through the property listing page, please don’t hesitate to call us at 1 (888) 844-8920 and we will be happy to help.
How do I find the property when doing my research?
- Here are some helpful hints on how to locate the properties listed for sale on http://www.landrushnow.com. For each property listed we have done our best to provide you with tools to help you determine the approximate geographical location. Each property listing has a link to http://maps.google.com so that you can zoom in and out to see the street, satellite and terrain views. You are also able to enter a starting address and get directions to the property from your own location. Furthermore, latitude / longitude parameters are provided in case you have a GPS system available. A county assessor’s parcel map is also provided for most properties.
- Here are 2 scenarios to help locate a property:
1. The property has a street address
If this is the case finding the property is very simple. Go to http://mapquest.com or http://maps.yahoo.com and enter the street name and the city/town name. If available, enter the zip code and the approximate property location will appear. You will be able to zoom in or out as you wish until you can clearly tell where the property is located relative to its surroundings. Once you identify the approximate location of the property you can then compare the detailed view of the property location with the plat map that is available for each property.
2. The property is in an area with no street signs
In this case, we recommend that you print out the detailed map that is available through each property listing or use a good topographical mapping software. If possible, we also strongly recommend the use of a GPS (Global Positioning System) to help you find the property location. Basic handheld GPS systems can be purchased inexpensively at any major electronics store. GPS devices can often be connected to a laptop or handheld device that runs any of the major mapping software and you will have a fully functioning multi-color interactive GPS system. In such a system, you can enter the Latitude/Longitude measurements provided by us for each property and it should be very easy to find the exact property location. This combination is useful for very large properties that are not located in a subdivision because the plat maps do not really show much of the surroundings and it would be easy to miss the property otherwise.
How do I understand the Parcel number system?
- Most counties in most states have a very explicit numbering system to identify an individual parcel and its location within the county. Those numbers in many cases also serve as identifiers for property tax collection purposes. In California, the Assessor Parcel Number (also called APN) is the single most important identifier of a property. It consists of three sets of numbers, generally in this format: XXXX-XXX-XX. The three parts of each parcel number represent the Assessor’s Book, the Page, and the Parcel.
- For example, parcel number 0339-232-74 means that this property is mapped in the Assessor’s Book number 0339, on Page 23 (first two digits of second set of numbers), in section 232 (as indicated by an oval around 232 on the map), and it is parcel 74 on that page (as indicated by a small circle around 74). So, in order to find a property on a parcel map, just look for the last set of numbers on the parcel number within the proper section and find it on the parcel map we have attached to each property listing. For your convenience we have identified the parcel to be sold on each parcel map.
How does LandRushNow.com acquire properties?
- Properties are typically acquired directly from private party owners and our goal is to pass these quality properties along to Buyers through our website at bargain prices and great terms.
Are the mineral rights guaranteed for the properties?
- We make no guarantees concerning mineral rights or the lack thereof. Mineral rights require research through the county as well as BLM (Bureau of Land Management). Buyers would need to perform their own research to determine if mineral rights are available for a property; however, in most cases mineral rights have been reserved by a previous owner.
What GUARANTEES do you offer?
- Because property ownership is normally transferred through escrow/title/attorney agencies, we can guarantee that the property is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. We can further guarantee that at the point of ownership transfer, the property is free and clear and has insurable title.
What kind of documents do I need to purchase a property?
- If the property is being sold through a Real Estate Agent, they will prepare the standard real estate purchase agreement that we will both sign, otherwise our company will prepare the sale agreement that we will both sign. Either way, this document lays out the terms of the transaction including the sale price and deposit amount, and other details common in such a document. And, in the case of an owner-financed purchase, the Buyer will sign a Note that contains the terms of the loan, including the monthly payment, interest rate, and repayment term, as well as a Deed of Trust or Mortgage that secures the Seller’s interest in the property until the loan is paid off, OR the Seller may utilize a Contract for Deed (varies by state).
- For properties being sold through our Contract Assignment Program, we will send the Buyer an Assignment Agreement for review and signature and that document along with the corresponding Purchase and Sale Agreement will be submitted to escrow/attorney to begin the transfer of title. The escrow company/attorney will send the Buyer the standard real estate escrow documents to finalize the title transfer.
- Our How to Buy Land page provides additional information.
Can I step back from the sale after I go through the purchase process?
- We are committed to following all statutory rules and laws of the state the property is located in. This means that for some properties there might be a right of rescission period of a few days (varies by state regulations). Buyers are encouraged to do their own research and due diligence before proceeding to purchase any property.
What fees are there in addition to the purchase price?
- Typical closing costs include an escrow fee, title insurance, deed preparation, prorated property taxes, etc. Property taxes will be prorated such that the Seller is responsible for property taxes up until the date escrow closes, and the remaining fees vary by county/state. Just ask us and we can provide a ballpark figure of the closing costs; however final closing cost amounts may not be determined until the closing date.
- For owner-financed properties, a monthly loan servicing fee of $20.00 will be included in the Buyer’s monthly payment to cover the cost of maintaining the loan account by the loan-servicing agency.
- For properties being sold through our Contract Assignment Program, there will be no additional fee as the assignment fee has already been included in the total listing price.
What form of payment do you accept if I pay for the property in full?
- Funds are to be paid at close of escrow with either a certified cashier’s check or through a wire transfer from the Buyer’s bank.
Can I make a larger down payment for an owner-financed purchase?
- Yes, giving a larger down payment amount is fine. Obviously this will reduce the amount of the monthly payment amount so we will need to know the down payment amount so that we can prepare the loan documents accordingly. Our goal is to make payments affordable so we are happy to work with Buyers on this. Additional monthly payments can be made at any time without any form of pre-payment penalty or fee.
Do I need to qualify for financing or how does this work?
- No qualifying is necessary to receive a loan from us for any of our owner-financed properties. If you have the down payment you are approved. Our mission is to make property ownership affordable for as many people as possible, therefore, no formal qualifications are required. It is very simple… Buyers want to buy a piece of land and we want to sell it to them. That’s it. Bankruptcies are even okay.
How long can I finance the property?
- The length of the loan (time to pay-off) depends on the purchase amount. The following are general guidelines; however, our goal is to find a payment that’s affordable to ensure that we receive on-time payments:
- If the purchase price is:
$1 – $1,000 Must be paid in full at time of purchase
$1,001 – $4,999 Can be financed for up to 3 years (= 36 months)
$5,000 – $9,999 Can be financed for up to 5 years (= 60 months)
$10,000 – $19,999 Can be financed for up to 8 years (= 96 months)
$20,000 – $29,999 Can be financed for up to 10 years (= 120 months)
$30,000 – $39,999 Can be financed for up to 12 years (= 144 months)
$40,000 – $59,999 Can be financed for up to 14 years (= 168 months)
$60,000 + Can be financed for up to 15 years (= 180 months)
Can I buy more than one property
- Yes, Buyers may buy multiple properties; however we reserve the right to restrict any Buyer from entering into too many loan agreements. The individual limit varies.
Is there any penalty for paying off a property early?
- No. Properties may be paid off early at any time with no pre-payment penalty whatsoever. The Buyer would just need to call our loan servicing company vendor and they will advise the pay-off amount.
How do I understand land legal descriptions?
- Here’s a nice reference that explains what a Principal Meridian and a Baseline are, as well as what Townships, Ranges & Sections mean. Click Here.