24 Important Questions to Ask Before Buying New York Land
Welcome to Where Investing in New York Land Has Never Been Easier. We Are New York Land Specialists Providing Solutions For Land Buyers in The State Of New York.
We make it easy to buy land in New York State, First by selling wholesale New York land, and second by giving you 24 Important Questions to Ask Before Buying New York Land.
Q: Is this a scam?
A: No, It’s Honestly Not!, We Are New York Land Specialists and our site you’ll find real New York land investment properties that are discounted around 20% to 75% off Full Market Value. With our reputation among New York landowner community, We’re building a pretty good list of wholesale NY land for investing and if you’re a:
- NEW INVESTOR – Looking for ways to profit in real estate
- INVESTOR- Looking for competitive advantage
- FUTURE PROPERTY OWNER – Saving $10k or more on property purchase
We have New York Residential and Commercial vacant land – Whether for Investment, development, or for personal use, there has never been a better place to buy wholesale land in New York State.
Q: Why are these prices so low?
We provide solutions for landowners in the state of New York with our proprietary marketing systems that get in touch with landowners who need to sell their property and we help them out by buying their raw land quickly for cash… which is a win-win. Then, we pass these discounts along to you… which is a win-win for everyone!
Q: Who owns these properties?
A: We work directly with the landowners because many times we’re able to help them solve their problem more quickly and cheaper than listing it with an agency. Unless otherwise stated, all properties for sale are property of WeSellNewYorkLand.com which is owned and operated by Surplus Asset Specialists, Inc. a real estate investment company.
Q: Can I visit the property before buying?
A: YES, We understand it’s important to do your research and we highly recommend that you drive by anytime to inspect the property before you buy it. You should also check with the respective county on the zoning and approved uses of the property.
Particularly, the County Planning and Zoning Department. They will be able to provide information about the current and future development plans for the area. We cannot provide suggestions or advice with regards to your purchase, and you should do your due diligence on the property’s condition, the zoning, and the approved uses of the property.
Q: What kind of New York land do you have available?
A: We specialize in land that is vacant and undeveloped. Some of our property may have service (i.e. sewer, water, power, etc.) and some of our property may be completely raw (i.e. no sewer, water, power, etc.). We offer both since different New York investors want different things. We’ll let you know what is available with each property.
Q: How are these properties different from ones I’d find on the MLS?
A: Great question! The MLS is the “Multiple Listing Service” which is where New York real estate agents list properties for sale at Full Market Value. We have New York land that’s up to 75% off the Full Market Value, and because we are selling New York Land so cheap if we listed them on the MLS this, in turn, will lower the neighborhood’s true market value across the board. That’s why most of the land listings you’ll find on our site are ones that you’ll never find on the MLS.
Q: What GUARANTEES do you offer?
A: Another great question. We guarantee that the property is being sold “As-Is” and is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. However, we cannot provide suggestions, or advice with regards to your purchase and we recommend that all buyers do their due diligence on each property’s condition, back taxes, and liens prior to buying.
Q: Are there any liens on the properties?
A: No. We guarantee a free and clear marketable title on all properties we sell. Again, we cannot provide suggestions, or advice with regards to your purchase and we recommend that all buyers do their due diligence on property title, condition, the zoning and approved uses of the property.
Q: How do I make an offer on a property?
A: Simple, Buyers can either click on the “Secure With Deposit” Button and pay instantly by credit card or secure bank payment (EFT), send us an email or give us a call. We take offers first come first serve… and clicking on the “Secure With Deposit” Button tends to be the quickest.
Once you place your deposit, this secures your offer on that property and we’ll email you instructions for you follow and then call you to answer any of your questions so you feel 100% comfortable and confident in your decision.
Q: Can I back out from a sale?
A: All deposits are fully refundable within 48 hours. However, All sales are final because of the associated costs with the transferring the deed to property in question and that it is being sold “As-Is“.
We ask that you do your research and due diligence before you purchase any of the properties listed on our website. Also remember that you will need to have the down payment for the property purchase available on the agreed upon date.
Q: Do you charge any fees to me as a buyer?
A: When you buy an New York investment property from us, There is a one time document fee of $500.00 for each property purchased. This fee covers eventual document transfer fees charged by the respective counties, a recording fee of the Sale Agreement, as well as the setup cost for the loan servicing.
However, if you want to close with a lawyer of your choosing, We wave the one time document fee of $500.00. But you must be prepared to cover any additional costs that you may incur with said lawyer.
Landowner Financing Program: A monthly loan servicing fee of $8.00 will also be included to cover the cost of maintaining the loan account by the loan-servicing agency and you still pay at a deeply discounted price. A win-win for all.
Q: Can I make a larger down payment?
A: Definitely, putting in a larger down payment amount is absolutely possible. After your offer is accepted, just let us know what amount you want to pay down and we will accommodate the contract accordingly.
Q: Can I use bank financing to buy these properties?
A: We work with investors who buy in many different ways. However, we tend to work with people who can close quickly, so most of our clients pay cash.
However, if you are pre-approved with a bank and can close quickly… we’ll consider all offers.
If you need financing to buy a property you see on our site, contact us today because we have landowner financing available on some of our properties.
Q: What do you accept for a deposit, down payment and monthly payments?
A: Deposits: We accept online bank payment (Electronic Funds Transfer or EFT),all major credit cards: Visa, Visa Debit, Mastercard, Mastercard Debit, Plus American Express over the phone or online.
Initial Down Payments: We accept online bank payment (Electronic Funds Transfer or EFT),all major credit cards: Visa, Visa Debit, Mastercard, Mastercard Debit, Plus American Express over the phone or online.
Remaining Balance Due At Closing: We accept online bank payment (Electronic Funds Transfer or EFT) only.
Q: Do I need to qualify for your financing program or how does this work?
A: No, you don’t need to qualify for financing with us. It’s our mission to make property ownership affordable for as many people as possible. Therefore, we do not require formal qualifications. Our program is very simple, you want to buy a piece of land and we want to sell it to you. That’s it.
We do however, perform a check against a database in order to see if you have an IRS lien against you. This would be the ONLY disqualifying reason for the simple reason that IRS liens attach themselves to the property like glue. Other than that we do not look at your credit at all. We do not look at your credit score and even bankruptcies are fine.
Q: What form of payment do you accept if I pay for the property in full?
A: Full Cash Payment: We accept online bank payment (Electronic Funds Transfer or EFT) only.
Q: Does making a larger down payment affect the loan in anyway?
A: If the Down-Payment percentage is larger than what is required the monthly payments will be reduced, but the length of the loan will stay the same.
Q: How Long can I finance the property:
A: The length of our landowner financing program’s loan amortization terms depends on the purchase price, are subject to change and as follows:
|Purchase Price Range||Loan Amortization*|
(Length of Time to Pay-Off the Loan in Full)
|$1 – $5,000||Must Be Paid in Full At Time of Purchase|
|$5,001 – $9,999||Financed for up to 3 years / 36 months|
|$10,000 – $19,999||Financed for up to 5 years / 60 months|
|$20,000 – $29,999||Financed for up to 8 years / 96 months|
|$30,000 – $39,999||Financed for up to 10 years / 120 months|
|$40,000 – $59,999||Financed for up to 12 years / 144 months|
|$60,000 +||Financed for up to 15 years / 180 months|
*Note: This is an example of loan amortization schedule. Loan amortization schedule are subject to change without notice.
Q: What will my monthly payment to be?
A: Landowner Financing Monthly Payments: We accept online bank payment (Electronic Funds Transfer or EFT) only. All monthly payment (installment payment) amounts are calculated taking into consideration the down payment percentage at the day of the accepted offer.
The first set of payments represents if the purchase price ends up on the low end of the range and the second set of payments being the maximum amount, if the purchase price reaches the high amount in that financing range.
Monthly payment are as follow:
|Purchase Price Range||Installment Payment Range*|
|$1 – $5,000||Must Be Paid in Full At Time of Purchase|
|$5,001 – $9,999||Monthly payment range of $60.00 to $163.66|
|$10,000 – $19,999||Monthly payment range of $108.73 to $217.40|
|$20,000 – $29,999||Monthly payment range of $157.08 to $314.15|
|$30,000 – $39,999||Monthly payment range of $275.44 to $413..24|
|$40,000 – $59,999||Monthly payment range of $376.07 to $501.41|
|$60,000 +||Monthly payment range of $681.96 to $852.04|
*Note: This is an example of installment payment amounts of principle & interest only.
*Installment payment amounts are subject to change without notice.
Q: Is there any fees for paying off a property early?
A: No. Our loans are open and you can pay off your property loan at any time with no pre-payment penalty at all. Just contact us at any time and we will let you know your current balance.
Q: Once the property is paid off, what kind of deed do you convey the property with?
A: Once a property purchased through us is paid off, transfer of title occurs exclusively using quitclaim deed unless otherwise stated on the property listing you would like to purchase.
Q: When do I get the deed to my property?
A: Once you pay for a property in full, your title to the property will be conveyed via special or limited warranty deed or quitclaim deed within thirty (30) business days.
If a loan was paid off, the Loan Servicing agency will inform the seller of such pay-off. In case of a cash sale, loan servicing agency will inform the seller that a cash sale has occurred. In both cases, the seller commits to signing all paperwork necessary to transfer ownership and deliver a deed to the recorder/clerk of the county the property is located.
In addition you will receive copies of the notarized deed via mail so you can have proof that the seller has issued the deed to you. After the recording of the original deed is completed the county recorder/clerk will then return it directly to you. Depending on the County it may take 4-14 weeks (depending on the county) for the county recorder/clerk to mail the recorded deed back to you.
Q: How often do you add new investment land in New York to the site and VIP Buyers List?
A: We’re always sourcing new investment New York land… and add new properties to this site on a continual basis. So, check back often as our properties tend to sell very very quickly.
Did We Answer All Your New York Land Buying Questions?
We’ve already done the work and made the investments to generate a consistent stream of deeply discounted land in New York state. Ultimately it’s up to you! But, We come across so many great deals we simply can’t buy and keep all of these properties ourselves…
In the end, we’ve gotten to where we are today because we’ve focused on becoming really good at finding great deals, marketing, and passing those deals off to buyers like you at wholesale prices. That’s all we do. You can rest assured that we are a great company to work with… and we’re just real people just like you. 🙂