Government Land Sales offers owner financing on all parcels we sell over $900. We require a minimum of 15% of the purchase price as a down payment. There is no qualifying or credit checks, we finance EVERYONE! We strive to work to meet every budget so financing options are negotiable. This is a rough guide to our standard financing terms:
$900-$2,500 – Financing available for up to 1 year
$2,501-$5,000 – Financing available for up to 2 years
$5,001-$7,500 – Financing available for up to 3 years
$7,501-$10,000 – Financing available for up to 4 years
$10,001-$15,000 – Financing available for up to 5 years
$15,001-$20,000 – Financing available for up to 6 years
$20,001-$40,000 – Financing available for up to 7 years
$40,001 + Please contact us to discuss options
Forms of Payment
We accept the majority of credit cards (Visa, MasterCard, Discover, and American Express). We currently do not charge a fee for the use of a credit card. We also accept money orders, cashier’s checks and personal checks. Please call for information on EFT and wire transfers. We DO NOT accept PayPal payments for real estate (it is against their payment terms and conditions).
Our current base interest rate is 5%. Your rate may be higher or lower based on the agreed upon contract terms.
Regardless of whether you purchase a parcel outright or elect to finance it with us, we charge a nominal $199 non-refundable document fee. This fee covers the preparation and mailing of all documents required to execute the contract and file the deed.
Parcels are sold through a Contract for Deed. Government Land Sales retains title to all property while payments are being made. Title (deed) is conveyed after the entire purchase price (and any interest, late fees, taxes, etc.) is paid in full. This method is used to keep our land prices as low as possible. All buyers may enjoy the use of the property while making monthly payments. Buyers may also make improvements while monthly payments are being made as long as they conform to all city and county codes.
Deposit to Hold a Parcel
All parcels remain for sale until a down payment has been received and cleared our bank. If you see a parcel you like and would like to put it on hold while you continue to do your due diligence, we require a non-refundable $200 hold fee. This fee holds the parcel for up to 30 calendar days for you to do your research. Should you continue with the purchase the $200 fee will be applied to the purchase price (it can also be applied to the purchase of a different parcel we have in current inventory). Should you decide not to continue with the purchase you will forfeit the hold fee and will not be entitled to a refund.
Title Insurance and Escrow
As a norm we do not provide title insurance or use escrow. This allows us to keep our prices low. It is our opinion that these are unnecessary costs when purchasing raw land. Should you desire title insurance you are welcome to contact a local title company to assist you. All fees associated with a title company/title insurance or the use of an escrow service would be the responsibility of the purchaser. We do, however, recommend the use of a title company for any purchase that includes a structure.