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  • Dec 3, 2013
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General Land FAQ

FREQUENTLY ASKED QUESTIONS

 

Q: How can I contact you?
A: We can be contacted via email at extra@silverdiscountproperties.com, or you can call us at (323) 230-6673, or by mail to Silver Discount Properties, P.O. Box 48708 Los Angeles, CA 90048.

Q: Where are you located?
A: Silver Discount Properties, LLC main office is located in Los Angeles, CA.

Q: Who owns the properties on your website?
A: Silver Discount Properties, LLC or a subsidiary owns all the lots that we sell. We are not real estate agents and do not sell property for other people.

Q: How accurate is your information?
A: All information provided on our website is to the best of our knowledge and believed to have been provided to us by reliable sources. Typical sources used, but not limited to; County Departments and Records, Government Agencies, 3rd Party Real Estate Businesses and/or information provided by previous owners.

Q: Can you meet me at the lot?
A: We are not able to meet perspective buyers at properties as we sell properties nationwide and in order to keep costs down we do not travel to the properties for interested parties. Directions, aerial/plat maps and other relevant information can be provided in order to make locating the property as easy as possible.

Q: Should I go look at the lot?
A: We advise all prospective buyers to do their own due diligence as outlined in the Terms and Conditions.

Q: Can I build on the lot?
A: All the lots we sell are able to be developed, unless otherwise noted. We do not have the lots tested or inspected before selling. It is the responsibility of the buyer to perform all necessary due-diligence including but not limited to; Build ability, zoning and other pertained building requirements.

Q: Can I buy more than one property?
A: Yes, you certainly can. Multiple Land Sale Discounts are offered when a buyer purchases more than one property, with-in a 6 month period.

Q: Does Silver Discount Properties, LLC offer financing?
A: We offer easy and flexible financing options for all buyers that are interested.

Q: Why are your properties so affordable?
A: Due to many years of experience and our vast knowledge in vacant land for sale, we are able to acquire properties at a minimal cost and sell them below market value to our customers.

Q: How does the buyer pay fees and/or taxes?
A: Buyer is responsible for fees, included but not limited to POA and taxes that are assessed against the property during or after the Buyers acquisition of the land for sale.

Q: What does POA mean?
A: POA is Property Owner’s Association, which takes care of the upkeep of a community and its amenities.

Q: What does HOA mean?
A: HOA is Home Owner’s Association, which also takes care of the community with Structures or Homes.

Q: How is the title transferred?
A: We issue General Warranty Deeds, Special Warranty Deeds and Grant Deeds.

Q: What is a General Warranty Deed?
A: A General Warranty Deed is a type of deed where the seller guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to you. The guarantee is not limited to the time the seller owned the property; it extends back to the property’s origins.

Q: What is a Special Warranty Deed?
A: A deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, “by, through or under the grantor but not otherwise.”

Q: What is a Grant Deed?
A: A Grant Deed is the document that transfers title to property from the seller to the buyer. It must describe the property by legal description of boundaries and/or parcel number, be signed by all people transferring the property, and be acknowledged before a notary public. The transfer is finalized after recording with the County Recorder or Recorder of Deeds. A Grant Deed warrants that the seller actually owned the title to transfer, which a quitclaim deed would not, since it only transfers what the seller owned, if anything.

Q: What payment methods do you accept?
A: PayPal, Money Order, cashiers/bank check, credit cards or personal checks. We do hold personal checks for 2 weeks and e-checks until they clear.

Q: When will I receive my deed?
A: We prepare the deed and send it to the county for recording once the purchase price is paid in full, except for New York properties in which case we will prepare the deed and send it to the buyer for recording along with recording instructions. This process takes 2-6 weeks depending on the county offices and postal service.

Q: Can I resell the property?
A: Yes, you can resell the property at any time, but please do NOT use any photos or sales information that belongs to Silver Discount Properties, LLC unless you have permission to do so.

Q: Can I use an escrow and title company?
A: Escrow and title companies can be used at the buyer’s expense.

Q: How often will you update your inventory?
A: Silver Discount Properties, LLC regularly purchases properties as we find quality land to share with our prospective buyers.

Q: How large is an acre of land?
A: 1 acre = 43,560 sq ft