Frequently Asked Questions
General questions about our company, service, and properties we offer on this website:
- Why are the properties discounted so much on this site? Wouldn’t you just keep the best deals for yourself?
- How are the properties on this site different from ones I’d find on the MLS?
- What happens once I make a purchase?
- How often do you add new investment properties in to the site and VIP Buyers List?
- What about financing?
- What are my responsibilities as the buyer?
- How do I pay?
- What type of deed do you use?
- Why do you charge a documentation fee?
- Can I get title insurance?
- Can I use an escrow or title company?
- What is a POA/HOA?
- What is an APN?
- Can I make a counteroffer?
Q: Why are the properties discounted so much on this site? Wouldn’t you just keep the best deals for yourself?
A: You’ll find investment properties on this site discounted 20-50% because of our proprietary marketing systems that get in touch with home owners who are needing to sell their property. Often times they may be in foreclosure and our company can help them out by buying their house quickly for cash… which is a win-win. Then, we pass the discount along to you.
Q: How are the properties on this site different from ones I’d find on the MLS?
A: Most properties you’ll find on our site are ones that you’ll never find on the MLS. The MLS is the “Multiple Listing Service” which is where real estate agents list properties for sale. We work directly with the home owners because many times we’re able to help them solve their problem more quickly and cheaper than listing it on the MLS.
Q: What happens once I make a purchase?
A: Pretty simple!
-We touch base with you via e-mail or telephone.
-We professionally prepare your deed and send it to the county for recording. We pay all recording fees. The county takes 1-4 weeks to finish recording, depending on the county.
-The county will send you the original deed for your records once they are finished recording.
Q: How often do you add new properties to the site and Land Buyer’s Club?
A: We’re always sourcing new investment properties… and add new properties to this site on a continual basis. So, check back often as our properties tend to sell very very quickly.
Q: What about financing?
A: We offer to finance most properties. This is a great way to own property without having a lot of cash. Our monthly payments are anywhere from $99-$500. You also will need to pay a portion of the yearly taxes as a part of your monthly installment. Contact us via our contact page to discuss the specifics of financing.
Q: What are my responsibilities as the buyer?
A: Open Road Land does its best to research the parcels before we buy them, but it is up to you as the buyer to perform your own due diligence as well. Please call the county and make sure this parcel is right for you. Verify ownership, verify taxes being paid current, visit the parcel yourself, research any use restrictions, etc.
Q: How do I pay?
We accept money orders, cashier’s check, and debit or credit card. If you use these methods we can complete sale documents right away. Please send all checks to our business address.
If you use a personal check, we will need to wait until it arrives and then clears before we prepare the documents.
Q: What type of deeds do you use?
A: For cash sales we use a Special Warranty Deed. This deed guarantees that we (seller) will defend the right and title to the property against claims against the buyer (you) that arise from, under, or through us.
Q: Why do you charge a documentation fee?
This fee includes all recording fees and transfer tax if applicable. We have to also pay staff members to prepare legal documents necessary for the transfer of ownership. Most title companies charge $650+ to do this necessary work. I think our small fee is a deal!
If you are financing, this fee goes to pay our staff members to manage your paperwork throughout the length of the contract.
Q: Can I get title insurance?
A: We don’t offer title insurance. It doesn’t make financial sense for us to spend $500-$1000 for an insurance policy on land that is relatively inexpensive. If you would like title insurance, you’re welcome to seek that. You’re also encouraged to purchase your own title search before buying.
Q: Can I use an escrow company or a title company?
A: You’re more than welcome to pay for the use of an escrow for closing. We recommend SafeFunds.com. They have extremely reasonable prices (we would add those fees to your total price).
You’re more than welcome to use a title company if you pay all the closing costs.
Q: What is a POA/HOA?
A: POA stands for “Property Owner’s Association.” HOA stands for “Homeowner’s Association.” These are associations formed by the property owners or the original developer of the subdivision. HOA/POAs usually have annual assessments to take care of road maintenance, maintain community areas, etc. Some of the fees are included in the county taxes (like in Jackson County, FL).
Q: What is an APN?
A: APN stands for “assessor’s parcel number.” Each parcel is assigned a unique number in every county.
Q: Can I make a counteroffer?
A: We price our land aggressively so our customers are happy and we move inventory quickly. Our margins aren’t big to begin with, so we can’t accept any counteroffers.