Frequently Asked Questions

Question about selling

We are not real estate agents or brokers. We are real estate investors and own all of the properties that are advertised on our website. We are not here to act as a go–between for buyers and sellers, instead, we are here to offer our own properties and have the ability to provide you with the best deal for your new land properties.

The modern world has given us the ability to provide properties online with no limitations of time or location. You can order our properties via our website 24/7. The efficiency of our online system means we are able to offer great value for money. We strive to be open, honest, and accountable in our business. We are willing to provide you with the information about the property ownership for your verification. Additionally, we provide all documentation prior to collecting payment for the property. A purchase agreement needs to be signed between the buyer (you) and the seller (us) before any money is exchanged. If you are still skeptical about the trustworthiness of our business, you can always hire a title company or a real estate attorney to help with the purchase.

 

If you have done your research and are now ready to proceed with the purchase of land, here is a step-by-step guide to assist you in the process:

  • Hit the “BUY NOW” button in green on the property page to pay the document fee and respond to all queries. Remember that the document fee is not refundable and not part of the purchase cost, whether it is a cash or seller financing purchase. The document fee is a one-time fee for us to get the purchase agreement ready, and it is not refundable.
  • After you have completed the checkout process, the “Buy-Now” button will be deactivated. This means that other customers won’t be able to purchase the same property. Your property will be reserved for you right away. Within the following few minutes, you will get an email from us to confirm that we have received your non-refundable document fee payment.
  • If you are interested in hiring a title company or lawyer to complete the cash purchase at your own expense, please contact us first to ensure the required details are in place before clicking the “Buy-Now” button.
  • For Seller Financing Purchases, If you wish to pay a larger initial payment or opt for a shorter repayment period, please reach out to us to coordinate the details before clicking the “Buy Now” button.If you have any worries or particular inquiries regarding the buying procedure, kindly reach out to us to make clear your doubts and questions before clicking the “Buy-Now” button.
  • Once we receive your documents fee, we will send you a digital agreement via SignNow.com within 24 hours for you to sign.
  • For a seller financing purchase, once you have signed the agreement digitally, we will set up automated ACH payments for the down payment and recurring monthly payments. This will happen on Day 3 for the down payment and on Day 30 for the monthly payments. The ACH payment usually takes 2-4 days to process, and it is an automated process that does not require any manual interference. You will be notified when the payment is processed, and you will be able to view your payment history in your Account Dashboard.
  • If you have paid the total cost, we will transfer the title of the property to you in 10 business days without any extra charges for this service.

Once you click the “Buy Now“ button on the property page, you will be required to pay a document fee. This document fee covers the cost of preparing the closing documents, such as the deed, title, and other paperwork necessary for the purchase of the property. The document fee is not part of the purchase price and is due prior to closing. The document fee is nonrefundable because the preparation of paperwork is an investment of our time and resources. Additionally, when we secure the property for you, we are forgoing other potential buyers and opportunities to sell the property. For these reasons, the document fee is nonrefundable. When you are getting ready to close on a real estate transaction, it is important to do your own due diligence to ensure that you are making the right decision. This includes researching the property, evaluating the market, and understanding the terms of the deal. Before you commit to the transaction, it is also important to understand the non-refundable document fee that is required to initiate the closing process. Therefore, please complete your independent due diligence and exercise an appropriate degree of caution before initiating the process of paying the non-refundable document fee to trigger the closing process.

We can reserve a property for you for 7 days with a $149 nonrefundable reservation fee. Please contact us at contact@newdaysproperties.com to discuss the request.

Please feel free to visit any of the available properties listed on our website at your convenience. No appointment is needed. We own all the properties we are selling here on our website; however, we are based in the great state of Minnesota. In fact, we brought most of our properties unseen after completing our own due diligence process. We keep our property prices low by eliminating the costs of hiring any local representative for showing the properties. You can simply plug in the site address or GPS coordinates into your smartphone or GPS device to visit the property. If you are using a smartphone, you may want to check your service provider’s coverage beforehand. Many rural and mountainous areas have limited reception. All GPS Coordinates are detailed in the individual property pages. If you feel it is too difficult to visit a property without anyone to help to show, you may want to consider seeking a more traditional way of buying properties offered by other sellers.

 

Seller financing is an attractive option for buyers who may not qualify for traditional financing. With seller financing, you can purchase a property with no approval process or credit check required. Instead, you and the seller enter into an agreement that outlines the terms of the financing. In the agreement, the seller holds the title of the property while you make payments over a predetermined period of time. Once all payments are complete, the seller conveys the title of the property over to you. This process is often referred to as “taking title.” Seller financing can be a great option for buyers who don‘t have the credit or funds to purchase a property outright. It‘s important to understand the terms of the agreement and make sure you are comfortable with the payment terms before signing.

 

We offer a cash price, as well as seller financing on most of our properties. Basically, Our seller financing price and cash price are two different prices.

We offer our buyers the option to pay in monthly installments over an agreed–upon period of time. This helps to spread out the cost and allows buyers to purchase a property they may not have been able to afford otherwise. In exchange, we receive a higher overall price than the one–time cash price to cover the time value of money at our cost.”

When we sell for cash, we get our money right away and can use that money to invest in other deals. On the contrary, when we finance a property, our funds are tied up for the duration of the finance period. In addition, there are other costs, risks, and time resources associated with managing an owner owner-financement. Most of our properties will already have seller financing terms listed on the property page. If you would like to spread out the cost of your purchase over a longer period of time, we can offer a payment plan that fits your needs. We understand that every person has different financial circumstances, and we are happy to tailor our financing plans to meet your individual situation. Please contact us to discuss the various payment plan options available.

 

Our properties are sold with no warranty or guarantee of any kind, and it is the buyer‘s responsibility to conduct a thorough and independent investigation before making a purchase. It is important to note that our property pages provide general information about the properties, but it is the buyer‘s responsibility to check with the County Zoning and Building Office regarding any restrictions or local laws that may apply to the property. Furthermore, it is highly recommended that buyers visit the property in person before making a purchase. The GPS coordinates listed on the property pages are provided for the purpose of locating the property only. If an accurate property boundary is needed, it is best to hire a licensed local surveyor to confirm the exact boundaries.

 

We are more than willing to work with you to create a loan plan that fits your needs. We offer loan terms ranging from 2–5 years, but this can be adjusted depending on the amount of the down payment. The higher the down payment, the lower the monthly payments and the closer to our cash price. Please contact us if you would like to customize a financing plan tailored to your situation.

 

You can off your property early with no additional fees. Simply contact us and we will provide you with the amount due for the remaining balance.

 

When obtaining a loan from us for the purchase of a property, both parties must e–Sign a promissory note outlining the details of the transaction. This includes the purchase price, down payment, monthly payments, interest rate, and other related costs. Once the loan is fully paid, we will typically provide you with a Deed within 10 business days. This guarantees you one of the highest levels of protection related to the ownership of the property.

We understand that it can be frustrating to wait for the county to update ownership information. To ensure that you have the most current information regarding our properties, we suggest that you hire a local title company to open escrow. This process will guarantee that the ownership is free and clear and the title company will do all the legwork for you. If you would like to confirm the ownership with the county, we can provide you with the document reception number so that you can call and verify the information. Please feel free to reach out to us if you have any further questions. We are happy to help.

 

In many cases, a street address is not provided until a permit for improvements is issued. As an alternative, you can use the property‘s GPS coordinates, which can be found on our website. With the Latitude and Longitude measurements, pinpointing the exact location of the property should be straightforward.

 

If you are considering installing services such as plumbing, HVAC, or electrical systems in a property you are purchasing, it is important to get an estimate of the cost beforehand. This is especially true if you are considering a remodel or addition to an existing structure. We suggest that you reach out to a local contractor to get the most accurate information related to installing these services. These costs can vary by area. When purchasing properties, our research is focused on the property title and zoning code. However, when it comes to the installation of services, there are a variety of factors that come into play. As an end user of the property, you will need to reach out to local contractors to discuss the specifics. This is the best way to ensure that you get a reliable estimate of the cost and any other associated fees.

 

At Newdaysproperties, we specialize in selling real estate property. We do not sell mineral rights, and in some cases, the mineral rights may have been passed with the property. If you are concerned, conduct a mineral rights title search to verify whether the property includes them. We cannot guarantee that the property includes mineral rights or the lack thereof. Ultimately, it is the buyer‘s responsibility to do their own research on the matter.

 

No. The properties we offer are priced below market value to ensure our buyers receive the best value. Surveys are not an absolute necessity and therefore may not be included in the purchase price. It is possible to locate the boundaries of a property by looking for corner markers, however, this is not always the case. If the property has a plat map or survey filed with the county, we will make sure to share this information with the buyer. Ultimately, it is up to the buyer to arrange for any survey that may be required.

 

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