This guide produced by ZARZAR LAND, one of eBay’s most prominent land sellers, is to provide information for people inquiring about purchasing land via the Internet. The information is displayed in a user friendly lay-out and the purchasing process instructions have been condensed into 3 easy steps. Take a look!
Step: 1 “What is it you’re looking for?”
There are several land sellers that sell property with buildings already on it, some land sellers sell undeveloped property that you may or may not be able to build on. Be sure that you read every word of the listing carefully. Top land sellers should be able to provide you with an eclectic amount of properties from various states throughout the nation. ZARZAR LAND sells properties in California, New Mexico, Colorado, Texas, Michigan and Florida to assure that they are providing their clients with choices so they may purchase a property that satisfies their needs.
How do I know that they really are selling me land and it is not just a gimmick?
True land sellers should be able to provide you with a parcel map. Some land sellers refer to parcel maps as “plat maps”. These are plotted maps that show where the property is located by using the unit, track, block and lot number. It is legal proof that the property does exist. Most properties should have an APN (assessor’s parcel number) ATN (assessor’s tax number) or Legal Description which is used to describe where property is located using directions. For example: NW ¼ of SE ¼ Section 5 Blk 3 Unit 1. This is used until the property is assigned an APN or ATN number. Keep in mind that if properties are being sold for a cheap price it is probable that the company has not visited this property and it should be stated on the listing. Be sure to read all disclaimers, because if you purchase the property without fully reading the listing and conducting your own research you could end up unsatisfied. Reputable sellers should provide disclaimers on their listing to make sure the client does not have any surprises after they purchase the property. As you can see, top eBay land sellers such as ZARZAR LAND have several disclaimers because they are honest with their clients up front. You can decipher a top land seller by viewing the land sellers who are placed at the top of the eBay land category acquisitions page. Purchasing property is a great investment and you want to make sure to take every precaution when doing so.
How do I know if I can build on this land? Are there utilities, road access, etc?
Conducting your own research guarantees that you will be completely sure of the correct answer. Regulations regarding properties tend to change, so the county will be able to provide you with the most updated information. Simply call the countys assessor’s office which you can search through an Internet search engine or you may contact the seller and they should have some contact information for that county. Contact the county where the property is located and provide them with the ATN/APN or Legal Description so they may provide you with all of the updated limitations and information regarding that specific property.
Step 2: Bidding
This is the second step because you should not bid on a property unless you know you want to purchase it. This is a system land acquisition companies use to make the purchase process a little more competitive. Clients enter bids on a particular property, but other potential clients may want that same property and enter in a higher counter bid. The winning bidder at the end of auction is the one who receives the property. It is important to note that the winning bid amount may have a minimum requirement of anywhere from $1, $100 or a hidden reserve price that only the seller has knowledge of. So make sure your bid meets those requirements if they exist.
Types of Auctions:
2. Straight Sale
A Normal auction is when the winning bid amount is the down payment price which is then subtracted from the total price of the property. ZARZAR LAND uses this method for most of their auctions because it allows people to purchase properties at low initial costs and then continue to make low monthly payments until the property is fully paid for. Legitimate land acquisition companies should state on their listings that client is only bidding on the down payment. ZARZAR LAND does this because they do not wish to trick their clients in any way.
A Straight Sale auction is when the client is bidding on the full price of the property. This means that there will not be any monthly payments involved, but perhaps some flat fees such as a $199 closing fee or other applied flat fees. This is a very fast method of purchasing property because you pay for the entire property all in one payment and then the transfer of ownership is expedited. Most sellers will have the phrase “straight sale” stated in their listing somewhere to make the client aware of the type of auction they are bidding on. ZARZAR LAND states the straight sale in the title of their listings to fully inform their clients.
Step 3: Purchasing
This is the last step to finalizing your property. Large Corporations will accept several types of payments. ZARZAR LAND accepts land payments through PayPal (an online payment service), personal check, corporate check, e-check, cashier’s check, money order, credit card (as long as they under $3,000), over the phone payment, electronic wire transfer payment and other payments in foreign currency are also accepted.
Some companies will offer discounts if the client pays in full within 30 days from the end of auction. ZARZAR LAND offers a 15% discount on the total price of the property as long as the payment is received within 30 days from the end of auction.
Below you will find the latest Texas land auctions and Texas land for sale. ZARZAR LAND carries the latest Texas land properties for sale based on investor interest and our Texas land listings are updated in real time from the leading Texas land sources from the ZARZAR LAND network. If you are looking for the latest Texas land auctions, Texas land sales, and Texas land for sale, then you have come to the right place right here on ZARZAR LAND – the Internet’s #1 land auction seller!
Texas Land Sales | Land For Sale In Texas
There is a saying that the secret to becoming extremely wealthy is to find out where people are going, getting there first, and buying land, for land is the basis of all wealth!
Acquiring quality Real Estate will soon be beyond the reach of most Americans as the population continues to increase. Furthermore, with extremely beautiful weather and thousands of recreational and entertainment activities, investing in Texas land can be considered an excellent investment for generations to come!
Furthermore, with Houston, San Antonio, Dallas, and an endless variety of beautiful beaches, Texas real estate is becoming a favorite investment for long term investors! As one of the world’s largest economies, Texas is the place to be in the investment world!
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The Place For Land!
The Basics of Buying Tax Liens in Texas
As the old saying goes, you get rich by buying low and selling high. A popular way to purchase real estate property at significant discounts is through Tax Lien sales.
What is a Tax Lien?
In most states a county will issue a tax lien on a person’s property that is late on paying real property taxes. Certain states allow the tax lien to become a first lien on the property, which is then turned around and sold at auction as a tax lien certificate.
Texas Tax Deed Auction Process
Texas does not have tax lien certificate sale, rather, they hold tax foreclosure sales (also called tax deed sales) on the first Tuesday of every month at the county. Times vary and it’s recommended that the investor contact the County Clerk’s office to find out the time.
When attending the tax lien sale, bring an acceptable form of payment, such as cash or cashier’s check, and then bid on tax lien properties. If the investor presents a winning bid, then he or she will pay the county, and the county will then issue a Sheriff’s Deed for the property purchased. Delinquent tax property deeds are sold to the highest bidder.
Texas Property Tax Sales
As the second biggest state in the United States, Texas has plenty of tax deed sales, also known as tax defaulted property sales. The Lone Star State’s tax deed sales mean when you pay for the past due taxes, you have the right to foreclose and own the property. However, the owner can buy it back by paying you for the past due taxes plus interest within a short period of time. That’s why most people refer to Texas as a “hybrid tax deed state.” The Smith County Tax Assessor’s office says this: “The owner may redeem the property at any time up to six months to two years after the sale. The redemption period varies for each property according to the type of property, the length of time we have been trustees, etc. When an owner redeems the property, he must pay the investor the amount paid at time of sale plus 25% and any costs of sale during the first year of redemption. During the second year, the investor is entitled to the amount paid at the time of sale plus 50% and any costs of sale.”
If you buy a tax deed in Texas, the owner typically has six months to pay you. The maximum amount of time is two years for homesteaded and agricultural property. If he does pay you, you earn 25 percent interest during the first year. You earn 50 percent interest in the second year. Redemption or redeem means the owner pays you to get the property back. He has a legal right to do this, within a certain amount of time in Texas.
When the tax assessor says his office is a “trustee,” that means his office filed a property tax lien. Local governments around the US put liens on the property when taxes are not paid. When collection efforts fail, the county sells the lien. It’s now a tax defaulted property. This is sold at a public auction.
There are two kinds of tax defaulted property auctions. The first is a tax lien sale; this gives you the right to collect the past due taxes, plus interest. Eventually, you can foreclose on the property and own it if the taxes are not paid. A tax deed auction means you get the property immediately. The owner can’t redeem it.
Texas law requires tax deed auctions to be held on the first Tuesday of the month at the county courthouse. However, a county may not have a tax defaulted property auction every month. Texas also has 254 counties, so several counties have an auction every month. You can contact each county to find out when auctions are planned.