Unless indicated in the description, utilities are not included. Undeveloped properties have lots of options available.
How do I make arrangements to inspect the property before I buy it?
Your property isn’t “locked in” until we receive your down payment.
Before making arrangements to see a specific parcel, we strongly encourage you to pay your down payment to ensure that the property hasn’t been sold to someone else by the time you arrive.
(Remember, your down payment is covered by our 100% satisfaction guarantee.)
We’ll then make arrangements with you to visit the property at your own expense.
Will give you maps, GPS coordinates we’ll even connect you with a local surveyor.
Do we have insights on development?
Below is our a cost guide and a list of resources.
Are mineral rights included?
Unless indicated in the description, mineral rights are not included.
Can I raise crops on the property?
Yes, most of our property is zoned for agriculture, mining and recreation.
Owners may do almost anything with their investment, including installing a manufactured home or trailer.
Can I raise animals on the property?
Yes. The property is zoned for agriculture.
Is land a safer investment than the stock market?
Please notice our quote on the home page.
There is a finite supply and utility in this asset.
Is title insurance available?
Yes, in most of our properties we buy title insurance.
We acquire insurance in our name for properies over $5,000.
How much are property taxes?
The property taxes are typically current unless otherwise stated and will vary from parcel to parcel.
We disclose the tax information in all of our listings.
Do I need an attorney or real estate agent?
We’ve simplified the buying process with straightforward, easy-to-read contracts.
Of course, we encourage you to hire a professional if you think it’s necessary, but we’ve done our best to make the process easy for anyone to understand.
How does your money-back guarantee work?
We want you to be 100% satisfied with your investment.
If you’re not satisfied for any reason with the first 90 days after closing, simply call us, and we will either exchange your parcel for one you like better, or refund your note payments up to that point and take back the deed.
It’s simple: if you don’t love it, we don’t want you to own it.
One of the benefits of working with us is that you’re dealing with the actual owner of the property, not some developer or shell corporation.
And we want you to be happy.
Why should I buy from Real Estates Properties North America (REPNA) instead of Craigslist or eBay?
Price, quality, simplicity and trust.
There are a lot of land sellers, but none have as simple and transparent a buying process as ours.
Our land has been handpicked for access, mountain views and potential appreciation.
Why should I buy from REPNA instead of a real estate agent?
A real estate agent’s fees can range from 5% to 8% of the purchase price.
At REPNA, we eliminate the middleman, saving you even more.
How do I apply for owner financing?
There is NO application process and no credit checks. You are already pre-approved.
And you may qualify for a lower interest rate if you choose to put down a larger down payment.
What documents do I need to apply for owner financing?
None. We will eventually need your Social Security Number for tax purposes. I prefer to get this information over the phone for your security.
How long does it take to close on a property after I make my down payment?
Once your down payment clears, we’ll send out your entire deed package via email using signnow.com.
This packet will include maps, photos, your Land Contract, Promissory Note, and Purchase Sale Agreement.
Once you sign the documents digitally we will set you up on automatic payments.
Once you pay off your note, we will most likely close via First American Title Company and issue your Warranty Deed along with your title insurance.
The county will then mail you the original recorded deed for your files. it’s that simple.
The whole process usually takes about two weeks, and most of that is the time it takes for the county to process the paperwork.
Once you make your final payment on the property, we’ll issue you your Warranty Deed. At that point you own it free and clear.
Recording the deed with Owner Financing before the end of the term?
This virtually doesn’t happen in this space, however the question does exist.
If investors insist on recording the deed. The terms will need to be adjusted.
We need to run an additional application and credit check to assess an ability to pay, our standards are detailed below.
After qualifying, this type of investment has the lowest Loan-to-Value ratio in the industry, 65, see current regulations here.
This means, at a minimum virtually all lenders are required to obtain a down payment of 35% of the loan, REPNA holds those minimum standards, and factors additional macro and micro market metrics.
Demonstrating the Ability to Pay
Gross household income must be between 30% and 60% of the median income for the area at the time of application.
A two-year history of stable income and employment.
An acceptable credit history, which includes a good record of paying rent and utilities;
Bankruptcies must have been discharged for at least two (2) years;
Ability to cover options costs, which range from $0-$5,000, as well as a down payment on the property;
Ability to afford anticipated payments, including property taxes and optional insurances;
Monthly payments for debt cannot exceed 40% of gross monthly income;
Applicants must be U.S. citizens or permanent residents.