Terms Of Sale

General Terms of Sale

All Sales are final after receipt of funds and signature of documents related to sale.

All properties are being sold in an “As Is, Where Is, and with All Faults” condition as of the date of the sale (date of sale). All sales are considered SOLD and FINAL. Buyer understands that Seller will abide by all state disclosure laws and 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.

Inspection Of Property

Prospective buyers must inspect the Property before purchasing!

All Buyers must personally inspect each property and its physical condition prior to placing an offer in writing or via the online website. All Buyers will be required to personally sign an affidavit stating that the Buyer has inspected the property and is satisfied with its suitability for the purpose intended, including the availability of utilities and rights of way or the lack thereof. The Buyers will further warrant and represent to Seller that they will not purchase any lot or parcel that they have not personally visited and physically inspected prior to the purchase. 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, will in no way constitute grounds for any claim against the Seller nor the cancellation or adjustment of the sale.

Loan Servicing Fee:

If a seller decides to offer Seller Carry back, the seller can and may charge a reasonable monthly loan servicing fee per property to be included in the monthly payments to help cover the seller’s cost of processing the loan payments by the loan-servicing agency of the seller’s choice.

Impound Fee/Property Taxes/Association Fees:

If Buyer chooses the financing option, Seller will require that a portion (representing 1/12th) of the annual property taxes be added to the monthly loan payment, plus an additional amount if applicable, for assessments/association fees, etc. The Loan Servicing Agency will be responsible for payment of property taxes on an annual basis. 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 sale.

Early Loan Pre-Payment:

There is NO PRE-PAYMENT PENALTY. Any loan can be paid off at any time without any fees or additional charges.

Purchase / Sale Contract:

All properties will be sold on a Real Estate Sale Agreement (CONTRACT FOR DEED) which upon request will be recorded with the County Official (Recorder/Clerk) of the county in which the property is located. Where required by law, an Affidavit of Property Disclosure will also be recorded, along with the Real Estate Sale Agreement and/or Deed. The Affidavits of Property Disclosure will be available to the public through this website.

Buyers cannot assign a contract to a third party.

Ownership Transfer:

Unless otherwise stated, once a Seller Carry Back Loan is paid off, or in case of a Cash Sale the Seller will convey ownership to properties using a “Special Warranty Deed” (or for properties located in California a “Grant Deed”).

Deed will be recorded in accordance with the Purchase Contract with the county where the property is located. County officials will be advised to return the Deed to Buyer after completion of recording procedures. Seller will arrange for escrow and/or title insurance services upon request and at Buyers expense.

Seller will honor the following five Seller Guarantees:

Seller guarantees that:

1) At the time of sale the property is free and clear from liens other than recurring assessments and bonds and that the property has marketable title.

2) The pictures displayed on www.YourOwnAcre.com and corresponding property description for each particular property describes Seller’s opinion of the property condition and/or property area based upon Seller’s visit to the property and/or property area and are not guaranteed to be pictures of the actual property.

3) At the time that the documents are signed the properties do not have any delinquent taxes due.

4) Land Sale Agreement (Contract for Deed) for each parcel will upon request be recorded with the appropriate county office promptly and within a reasonable time frame after the sale.

5) Any Affidavits of Disclosure or other Seller property disclosure statements have been made to the best of the Seller’s knowledge.

Seller and website do not guarantee:

The property boundaries and corner markers to be accurate since they have been identified only by the location of the surrounding corner markers. 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, Sellers are 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. Contact the local utility company 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. 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 (including but not limited to: County Maps, www.Maps.google.com, www.mapquest.com, Delorme Streetfinder, MapUSA, etc.) actually exist. All maps were provided by the Sellers and were provided for information and orientation purposes only. No liability is assumed for the accuracy of the data delineated thereon.

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 a particular property, Buyer should assume that Mineral Rights do not come with property (since the vast majority of mineral rights are conveyed separately). Contact appropriate local authorities for clarification on Mineral Rights on a particular property you are interested in.

Existence or non-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.

What PEOPLE Are Saying

“My husband and I purchased 3 parcels up in Seligman. The process was so easy! Everything is done thru e-mail, fax and over the phone. Shanna answered all of our questions right away. It was nice not having to worry and having her explain all of it in detail.”

Joann M.

IT’S EASY TO FIND US

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602-341-LAND (5263)

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