E24 Land | Frequently Asked Questions
E24 Land has compiled the most frequently asked questions asked by buyers over the years. Please let us know in the comments if there is something you would like to know not seen here! Happy reading!
#1 What kind of land does E24 Land have, and why does it cost less than what I see on real estate sites?
We specialize in undeveloped, raw, and vacant land. Most of our properties have no existing structures and do not have installed power, water, or sewer. Occasionally, we get properties with some utilities, but we do not add them as part of our process and do not warrant the systems.
You’ll find discounted properties on our site around 20% – 50% below retail you see on leading real estate sites and in the MLS because our proprietary systems work directly with landowners. Often, family members will pass a piece of property to another family member that they no longer want. Or sometimes the case is the landowner had plans for it many years ago and has since moved away. It happens, plans change. Unused property sitting there paying taxes every year, and the family does not know what to do with it. We solve a problem for this group of people by buying the property for quick cash and handling all the paperwork, closing, and transfers. It is a win-win. Then, we pass the discount along to our buyers.
#2 Buying E24 Land property: How does this process work? How to make an offer?
We work with offers on a first-come, first-served basis. You may pick up the telephone, text us, email us, messenger us on Facebook, head over to our contact us page, or click on ‘Reserve Property Today’ from the property listing to start the process. Reserving a property is $99 and gives you 7 days to do your due diligence on the property to make sure it is a good fit. If after the 7 days you no longer want it, that fee is fully refundable. We’ll answer any of your questions, so you feel 100% confident and comfortable with your decisions.
If you decide to buy, there is a $199 document processing fee for drawing up the contracts and working through the process; this is non-refundable. If you already paid for the $99 reserve, this will be applied to the $199 processing fee. We are happy to discuss details and options before documentation.
- We gather your information for input into the documentation, then present it to you for review.
- Once approved by you, we send the final copy for electronic signature. You sign it, we sign it, and then we send an executed version for your records.
- You receive a weblink to pay the down payment and documentation processing fee.
- We collect 1/2 of the estimated real estate taxes and HOA fee (if applicable) every month and pay for you at the end of the year. There is also a nominal monthly note servicing fee charged per month.
- Once closed and the deposit is marked paid, we set up a loan in our system to draw monthly payments on the designated payment date.
- For cash transactions and financed property paid in full, we will record the deed with the county within 30 days at our expense. No additional charge to the buyer.
#3 Can I use a real estate agent or buy the property through my bank?
#4 Are you brokers or agents? Why isn’t this property in the MLS?
No, we are not agents or brokers. We are land investors; our company buys and sells land.
Most land investments on our site don’t exist on the MLS (Multiple Listing Service). The MLS is where real estate agents list properties for sale. We work directly with property owners to buy and sell properties more quickly and with less overhead than listing them on the MLS.
We prefer advertising via Social Media, but you will also find our properties advertised on some more popular real estate listing websites.
#5 Selling my property to E24 Land: How does this process work?
- A property owner receives an offer from us and agrees to a price.
- We perform due diligence on the property and schedule closing in as little as 1-week.
- We have the contract and deed drawn up, reviewed for accuracy, and presented to the landowner.
- Upon approval, the deed is signed, notarized, and recorded. Unless otherwise agreed, we pay all back taxes, transaction costs, notary costs, and recording costs, not the seller.
- If you have a property or multiple properties that you would like to sell, please reach out to us via phone, text, email, contact form, or Facebook messenger. We’d be happy to discuss the opportunity.
#7 How often does E24 Land add new properties?
We are continually adding new properties and sourcing new land. Properties tend to sell quickly, so if you do not see what you are looking for right now, check back regularly.
We move into new counties or come across special deals that are hard to pass up from time to time.
The best way to hear about new properties is to sign up for our VIP program.
Our VIP program gets unadvertised discounts and early access to properties before being advertised on social media and our retail channels.
Sign up for our VIP program today!