Q. What is a Warranty Deed?
A. A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer).
Q. What is due diligence?
A. Due diligence is the research you, as the buyer, are urged to complete prior to entering into a contract. This includes questions to the county, or to Classic Country Land, LLC, or visiting the land in person. We strongly encourage you to feel satisfied about your knowledge of the property PRIOR to buying.
Q. What is the property zoned?
A. Most properties owned by Classic Country Land, LLC Equity will allow zoned residential, however some more rural properties do not have any zoning at all. We strongly suggest to check with the county for zoning status.
Q. Are there time limitations to build?
A. Unless specified in our listing, there are no time limits in which an owner must build on the property.
Q. Are the mineral rights included with the property?
A. Chances are the mineral rights are owned by the Government or the railroad entities. This right was granted to these companies for building a bi-coastal railway system in the 1800’s. Information about purchasing the rights can be obtained by calling the county in which the property is located.
Q. Is someone available to help me locate the property?
A. We purchase property in bulk from many different sources. We do not offer this service due to the fact that it would add to our costs and therefore add to the sale price of the property. We go to great lengths to provide accurate information in our postings regarding the location of the land.
Q. Is the property staked or surveyed?
A. Most of our properties have been surveyed in the past but probably do not still have the corners marked. Classic Country Land, LLC normally does not incur the cost of a new survey so we can pass the savings to our customers. If Classic Country Land, LLC has surveyed the property this will be noted in the listing and provided to you upon request.
Q. Are there any liens on the properties?
A. Most properties offered for sale on this website have no liens against them, but a few have financial liens against them at the time they are offered for sale. However, when the property is deeded to the purchaser, any such lien is paid off prior to deeding so the buyer receives free and clear title with no liens.
Q. Should buyers personally inspect property before making a purchase?
A. Yes, we highly recommend every buyer inspect each property and perform all of their due diligence before entering into a contract.
Q. How can buyers find out more information about the lots they wish to purchase?
A. We always encourage buyers to call the county or state agency in which the property is located.
Q. What forms of payment do you accept?
A. Bank Deposits, Bank Wires, Cashiers Checks, Credit Cards & Debit Cards.
Q. How do I pay for my property?
A. We offer several easy payment options located on our secure Make A Payment page of our website.
Q. What if there is a problem such as the paperwork or deed gets lost?
A. We guarantee each piece of property that we sell. We will do whatever is necessary to insure a perfect transaction for you.
Q. Who qualifies for financing?
A. Everyone! We don’t even do a credit check. If you have A+ credit or no credit we don’t discriminate. We’ll finance anyone.
Note: We charge a nominal $12 a month loan servicing fee on all contracts; this fee can be waived if buyer elects easy monthly automated payments.
Q. How do I pay my monthly payment?
A. Please visit our secure Make A Payment page of our website.
Q. What do you do with my closing costs?
A. The closing costs take care of the paperwork: Deeds, contracts, etc. This fee is currently a nominal $199.00 for us to prepare all of the legal documents required for the land contract.
Q. Where are you located?
A. Our office is located in Allen, Texas.
Q. Can I buy from you even if I live in a foreign country?
A. Yes. We have sold many properties to foreign nationals. We have customers from United Kingdom, Germany, Canada and as far as Korea.