269 24th St, Suite 920 Oakland, CA. 94216
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offers@sundiallands.com
BUYING FROM US
Blue Diamond Land Company works to make transactions as easy a spossible. In fact, our customers are typically surprised at how effortless we’re able to make the process of purchasing land online. For those interested in purchasing land from us, there are two different ways a
property can be conveyed or sold to you. They are as follows…
Escrow Close
This method involves paying only a small deposit at checkout – typically a $500 Non-Refundable “Earnest Money Deposit” – and funding the remainder of the purchase through a title company at “close of escrow.”
What Properties Do We Recommend This For
Typically anything priced over $10,000.
How Does The Process Work
Once you place your deposit you will be emailed a receipt. Within 24 hours we will draft a sale/purchase agreement which we will email you to review. Once you have signed the contract, we will submit it to a title company where they will begin the process of investigating title history
and insuring the land. This normally takes anywhere from 30-45 days. After they have
completed their work, they will request the remaining funds from you and a signed deed fromus. Only once we have signed and submitted the new deed to the title company, will they record the property into your name and release your money to us.
Benefits
For the buyer seeking an extra degree of security in their purchase, this method involves
employing a third-party intermediary to handle both the conveyance of the property as well as
the disbursement of funds. Additionally, this third party, the title company, will also provide you
with title insurance which can be especially beneficial to anyone looking to either take out a loan
to develop the land or use the land as collateral against a loan.
Drawbacks
Employing the title company and acquiring title insurance means that you will also take on the
added cost of paying the title company. This can range anywhere from $750-$2,000 depending
on the state that the land is in. These costs will be the responsibility of you, the buyer.
Additionally, title companies do not work quickly and will normally take a month or more before
they’re ready to “close” the transaction, request your funds and transfer the property into your
name
Purchasing On “Terms”
Sometimes referred to as “terms”, sometimes referred to as “financing” or
“owner financing”, this process involves purchasing a property slowly over
time with a more manageable down payment and affordable monthly
installments.
What Properties Do We Recommend This For
While this is not something we can afford to do on all of our properties, the
ones where this option is offered will be clearly indicated on their individual
listing pages.
How Does This Process Work?
Once you make the down payment you will be emailed a receipt. Within 24
hours we will draft a land contract which we will email you to sign. This will be
the document which demonstrates your “equitable interest” in the property
until such a time as you’ve paid for the land in full. The card you used at
checkout will be automatically billed each month until such a time as the
remaining balance has been paid. Only once all the payments have been
made will we deed the property into your name.
Benefits
This method allows the buyer who can not afford the entire purchase price of the property to more comfortably manage paying for the land while also paying for other costs needed to develop it.
Drawbacks
As with a home or car loan, paying for the property slowly over a longer period of time will cause the buyer to pay more than if they had purchased it in full.
Common Questions
No. As long as you can afford the down payment, we trust you’ll be committed
to keeping the land and paying on time each month.
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast