Terms & Conditions -General Terms of Sale
General Terms of Sale:
If I end up buying a property, how soon do I need to pay the total amount of the down payment?
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. Go to http://mapquest.com or http://maps.yahoo.com Most properties can be located on maps if you have a neighbors address or a GPS location.
How do I understand the Parcel number system?
How do I understand land legal descriptions?
Are the mineral rights guaranteed for the properties?
- For properties sold through a Realtor, standard real estate purchase terms and conditions apply.
- For properties we sell ourselves, all sales are final after receipt of funds and after receipt of signed documents related to sale. The Buyer will have up to 17 days to remove contingencies. If a Buyer rescinds purchase after contingencies are removed and paying full payment, partial payment, or deposit, but before the documents relating to the sale are signed, Seller has the right to chard liquidated damages.
- New Purchases: Check or Wired funds for new purchases to pay the required Deposit to hold a property when we sell the property. Buyers may also submit purchase funds directly to escrow company.
- Monthly Payments: No monthly loan payments are permitted to be submitted in the form of PayPal or Credit Card (when Seller agrees to provide owner-financing). The only forms of payment acceptable for monthly payments are: debits from a U.S. banking institution checking or savings account through the Loan Servicing Agency’s online payment system, Cash Equivalents (Cashier’s Checks, Money Orders, Traveler’s Checks) Personal Checks, or Company Checks. All loan payments are collected by Reliable Loan Service Company.
- 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 Selle 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.
- Property information is deemed reliable but is not guaranteed by Seller 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.
- Unless otherwise indicated within a property listing, the properties listed on this website are owned by Desselle Properties and associated partners. The property information contained herein was derived from sources believed to be correct, but is not guaranteed. Seller and Website do not accept responsibility for information presented. 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..
- All properties are sold through a Realtor, and standard real estate purchase terms and conditions apply.
- For owner-financed properties, a monthly loan servicing fee of $15.00 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.
- 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. 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.
- 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 for any questions about property taxes, assessed values or supplemental assessments.
- There is NO PRE-PAYMENT PENALTY. Any loan can be paid off at any time with no additional charges except processing fees from the Loan Servicing Company.
- The sale will be closed by a reputable escrow/title company. Seller will convey ownership to the property at close of escrow and a Grant Deed will be issued. For properties that are owner-financed a Deed of Trust will be recorded to secure Seller’s interest in the property.
- Seller will provide Buyer title insurance for the property at no cost to the buyer.
- 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 marketable 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).
- 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 come 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.
- YES, we strongly recommend that you inspect the property before buying. You 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 tell you about the current and future development plans for the area. Our page with the resources may help you. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
If I end up buying a property, how soon do I need to pay the total amount of the down payment?
- For properties purchased through Golden State Land the buyer submits the 3% deposit or $1000 payable to Escrow with the offer. Once the 3% deposit and the signed purchase documents is signed by all parties (buyer and seller) we will open escrow with our local escrow company. The remaining funds due will be paid at the close of escrow, which is normally within 2-4 weeks of opening escrow.
- For properties sold through another Realtor, you 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).
- Because a Deed of Trust is recorded at the close of escrow, and Buyers receive a Grant 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 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.
- If your questions cannot be answered through our TERMS & INFORMATION or through the property details found on each property listing, please don’t hesitate to call Golden State Land, Kelly Deselle at (760)408- 1978. We are be happy to help.
- Here are some helpful hints on how to locate the properties listed for sale on this site. 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 see the street, satellite and terrain views. And, once you click “View Larger Map” beneath the map you can click “Get Directions” and find directions to the property from your own location. Furthermore, this map also lists the latitude / longitude parameters in case you have a GPS system available. A county assessor’s parcel map is also provided.
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. Go to http://mapquest.com or http://maps.yahoo.com Most properties can be located on maps if you have a neighbors address or a GPS location.
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 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.
Are the mineral rights guaranteed for the properties?
- We make no guarantees concerning mineral rights or the lack thereof. If we are aware of the lack of mineral rights, disclosure will be made in the disclosure documents for each property. However, Buyers should do their own research to find out if the property has mineral rights or the lack thereof.
- We guarantee that the property is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. We guarantee that at the time ownership transfer from us to you, the property is free and clear and has marketable title.
- If purchase the property thru Golden State Land we will then prepare the purchase agreement/disclosures/loan documents and coordinate your signatures through the mail or email.
- If the property is being sold through a Realtor, they will complete the purchase agreement for your review and signature.
- Yes, all our agreements allow for a 17 day cancellation period for any reason. Please make sure you do your research and due diligence before you proceed to purchase one of the properties.
- 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. Contact us and we can give you 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 $15.00 will be included in your monthly payment to cover the cost of maintaining the loan account by the loan-servicing agency.
- Since all property transactions are closed through a reputable escrow agency, escrow requires that funds be paid at close of escrow with a cashier’s check or through a wire transfer from your bank to theirs. The 3% down payment will be deposited in escrow upon opening of escrow.
- No qualifying is necessary to receive a loan from us. Our goal is to make property ownership affordable for as many people as possible, therefore, no formal qualifications are required. It is very simple… you want to buy a piece of land and we want to sell it to you. That’s it.
- However we check if you have an IRS lien against you. This would be the ONLY disqualifying reason simply because the IRS liens attach themselves to the property. Bankruptcies are even okay. The cost to run credit is $20.
- The length of the loan (time to pay-off) depends on Loan amount however most loans are financed over five years.
- Yes, you may buy multiple properties; we may even offer bulk discounts on the purchase.
- No. You can pay off your property at any time with no pre-payment penalty whatsoever. Just call our loan servicing company and they will let you know your pay-off amount.
- When purchasing land from us we us the Standard California Association of Realtors Purchase Agreements for vacant land and Residential homes which 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 and interest rate, as well as a Deed of Trust that secures the Seller’s interest in the property until the loan is paid off.
- We primarily purchase properties from private parties, and all are owned by Grant Deeds. Once purchased, it is our goal to pass these properties along to you through our website at great terms. Basically, we acquire quality properties and in turn offer them through this website at bargain prices to the ultimate property owner–YOU.
- All properties sold through this website are fully owned (FREE AND CLEAR) by Desselle Properties and associated partners. (unless other wise indicated)
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