Contract For Deed
Our EZ Purchase Program utilizes Land Contracts, also called Contracts for Deed. They are an easy way to purchase
undeveloped investment properties. Once you provide us with your contact information and the down payment, this paperwork is generated and shipped to you via Priority Mail (normally within 24 business-hours) along with all mandatory disclosures. We also send you photos of your new property, satellite imagery, maps, and more. The paperwork needs to be signed by everyone who will be on title, or if purchased by a business, at least one principal of the company. We provide a prepaid Priority envelope for you to return the signed documents. Once received, your contract is executed, and a final copy is returned to you for your records. You then have equitable title to your
investment property. That's it, EZ!
We keep the monthly payments a low as possible making it as EZ as possible for you to invest in land. The price for each property is listed in its individual webpage, along with the monthly payments, which are found through the menu on the left sidebar, the Featured Properties page, or by clicking on the the Home page's Main Map. There are no hidden fees or extra costs associated with the purchase. However, you may (and many of our customers do) make more than the minimum monthly payment. Every
dollar you invest above the monthly amount due is automatically applied to principal which, of course, shortens the length of term. Also, at any time you may pay off the remaining balance without prepayment penalties. Your property package will include various options for you to chose from to make your monthly payments. There is a coupon booklet if you prefer to send a check or money order by mail each month. There are simple forms you may send back if you would like to have your payment withdrawn from your account automatically each month (like a gym membership), or if you would like a credit or debit card billed automatically.
You may also use Secure Checkout®.
Mortgage and lending companies normally set up Impound Accounts to collect your taxes up front. We do not. With the EZ-Purchase Program, we pay your taxes for you, then send you an invoice. This ensures that every property remains free
from liens. It also allows us to take advantage of any available early payment discounts while avoiding late penalties. All these savings we pass on you you. Most property taxes are very low because the land is unimproved (vacant), and billed once annually. Although they can go up each year, we list the most recent annual tax amount for each property in the Property Specifications section on the property's individual webpage.
Association & Utility Fees
There are no association fees for any property held or sold by EZ2OwnLand.com. Some properties have annual utility fees. Currently only select lots in Otero County, New Mexico, have water standby fees, which are approximately $60 per year. This is a fee for properties which can utilize the public water lines that have been run through their street, and avoid the need to drop a well. We currently have no other properties with utility fees. This website will be updated if that changes as we gather inventory across the Southwestern United States.
Additionally, this information will always be listed in the Property Specifications section of each property's individual webpage.
Hidden Costs or Fees
There are none. There are no points, no closing costs, no shipping fees, or other hidden costs, period. There is a down payment, and a monthly payment listed for each property. That is all you pay until the property is paid in full, except of course, your property taxes as mentioned above. When the property has been paid off we provide all the necessary documents to record the final Warranty Deed. We do not charge a fee for these services. You are only required to pay the respecive County for their transfer and recording fees, which are normally very minimal - between $15 and $55 in most cases.
Permits and Insurance
During the term of the contract, no improvements may be made to the property without written approval from the seller. Once received, all improvements to the property must then be made in accordance with local and/or State laws, where applicable, and lawfully permitted. In the event the buyer elects to make any improvements to property before the property has been paid in full, and has received written approval from the seller, liability insurance must be acquired by the buyer in the minimum amount of $500,000.000 coverage naming the seller as an additional insured. This policy will need to be kept current during the life of the contract.