If you're thinking about buying raw land, you might be wondering what the process is. It's actually not as complicated as you might think - but there are a few key things to keep in mind. In this post, we'll walk you through everything you need to know about how to buy land. Let's get started!

Cash Purchase

Making a cash purchase when buying land is one of the most straightforward and cost-effective ways to go about it. Furthermore, making an all-cash offer could give you more negotiating power when dealing with the seller. With that in mind, if you have enough money saved up for a down payment and closing costs, then making a cash purchase may be the best option for your situation.

Step 1: Pay the document fee through a service called Geek Pay link on the website. (please contact us prior to initiating the payment).

Step 2: We will ask you to fill out your information for the deed titling. Just need your name, address, email and phone number. The deed will be drafted and sent to you for final approval via email (Not sure what a deed is? Learn more here) 

Step 3: A purchase sale agreement will be sent to you for e-signature.

Step 3: Make final payment via bank wire. Instructions will be emailed.

Step 4: Once payment is made and all documents signed, the deed will be signed by MJ Land Sales LLC, notarized and recorded with the county recorder using Simplifile, an online filing system. Once it's recorded, the original copy will be mailed to you within 2 weeks.

Step 5: You own the land! Do what you like with it. Make sure to contact the zoning and permitting office prior to starting a project. If somethings not right, you change your mind, it's not what you expected... not to worry, check out our Peace-of-Mind Guarantee.

Financing

Owner financing is an increasingly popular option for those looking to buy land without having to deal with the hassle of a traditional bank loan. With owner financing, buyers can make payments directly to the seller, who acts as the lender and holds title until the purchase price is paid in full.

This provides an advantage over conventional loans because it allows buyers to avoid some of the costs associated with closing on a loan, such as appraisal fees and origination charges. It also gives buyers more flexibility when it comes to negotiating terms like down payment and monthly payments. When financing with MJ Land Sales, you never need to worry about interest, we don't charge it. We're just interested in you getting the piece of land you want.

Step 1: Choose a parcel of land you wish to make payments on. It's best to have a conversation with our sales team to make sure you are a good fit for the land you are looking at. Let us know what you are looking for and how you plan to use it. We can direct you to the best land for you!

Step 2: Make the down payment and pay the document fee through the Geek Pay link or by talking to our sales team over the phone. This is a credit card/ debit card processing through “Stripe”. It is secure and widely used.

Step 3: Once the down payment is made, we send the land contract, promissory note, sales and purchase contract and consent for ACH bank draft. These are legal documents that protect you as a buyer. You e-sign the documents and the land is yours to use. You may go and use the land while you make payments on it but we do ask that you don’t make any improvements to the land without first paying it off.

Step 4: Your next payment will be due 30 days from the date you made the down payment. Emails will arrive monthly to remind you your payments will be auto-drafted. Please make sure there are sufficient funds.

Step 5: When you pay off the note, you now own the land! We prepare the deed with your name(s) on it and sign the land over to you with a warranty deed. This guarantees the land is free and clear without any liens, back taxes or encumbrances. If at any point, things aren't working us out, give us a call and talk to us. We'll honor our Peace-of-Mind Guarantee, even if you're making payments.

Purchasing land is a significant investment, but with MJ Land Sales it doesn't have to be intimidating. Our process is designed to make things as easy as possible for buyers, whether you're paying cash or taking advantage of our owner financing options. So, if you're ready to take the first step toward owning your own piece of property, shoot us an email or give us a call! We'd be more than happy to help you get started.