|
As an available option for our customers, Silver Discount Properties provides financing programs on most of our properties. Because Silver Discount Properties, LLC owns each property, we are able to offer owners financing which allows us to be flexible with our terms. We will work together with our customers to find the right payment plan for you. For your convenience we accept PayPal2, Money Orders, Personal Checks and Cashier/Bank Checks.
|
NAME YOUR OWN TERM (NEW!) Using the Name Your Own Term option is fast and easy – find out how by clicking HERE. You, the buyer, and we, Silver Discount Properties, LLC, the seller, are not obligated to follow the details of this offer. You are simply submitting a cash offer. We will consider it and get back to you as soon as possible. |
 |
 |
WE FINANCE THE PROPERTY
Silver Discount Properties, LLC offers our financing options to anyone. You do not need to qualify for a loan to buy the property. There are no credit checks and no pre-qualifications. If the Options below do not suite your financial situation, Silver Discount Properties, LLC is able to offer individualized payment programs for our clients. Please contact us directly to discuss your possibilities today! Try our newest option to Name Your Own Term.
Options Available (general terms)
Full Purchase Price.
This is a one-time payment by Buyer via Money Order, Cashier/Bank Checks, Personal Checks and/or PayPal2. Buyer will receive an additional 10% discount3 from the Full Purchase Price. We require for a one-time, non-refundable processing fee1 to be sent with or prior to the full payment. A Sales and Purchase Agreement contract is required to be signed by both the Buyer and Seller.
One-Year Financing.
Financing cannot be made on Sales or Special Properties, unless agreed upon otherwise. A one-time, non-refundable processing fee1 is required to be sent in order to assure that the property is to be taken off all advertisements and paperwork is to be started. A minimum 20% non-refundable down payment (Earnest Money) is to be made from the Full Purchase Price of the property. The down payment is to be sent with a signed and notarized Sales and Purchase Agreement contract. Monthly payments are to be made on a monthly or as agreed upon in the contract, via PayPal2, Money Order, Cashiers/Bank Check, or Personal Check with a 0% interest and no pre-payment penalties. Deed will be received after the final payment on the 12th (final) month. If payments exceed 1 year (12 months), the remaining balance will accrue 10% interest annually up to a maximum of two years. During the financing period, buyer will be responsible for all POA dues, taxes, and/or fees (if any).
Two or more-Years Financing.
Financing cannot be made on Sales or Special Properties, unless agreed upon otherwise. A one-time, non-refundable processing fee1 is required to be sent in order to assure the property is to be taken off all advertisements and paperwork is to be started. A minimum 20% non-refundable down payment (Earnest Money) is to be made of the Full Purchase Price of the property. The down payment is to be sent with a signed and notarized Sales and Purchase Agreement contract. Monthly payments are to be made on a monthly basis or as agreed upon in the contract, via PayPal2, Money Order, Cashiers/Bank Check, or Personal Check with a 5%-9% interest (depending on the term) and no pre-payment penalties. Deed will be received after the final payment has been paid and cleared. During the financing period, buyer will be responsible for all POA dues, taxes, and/or fees (if any).
**Please note: If Buyer fails to complete monthly payments on time (with the exception of grace periods outlined in the contract), Seller has the right to reclaim and resell the property. Options given are in general terms and can be altered to satisfy both parties.
OTHER OPTIONS
In addition to our financing option, we have further options that could be provided to our customers for smoother transaction. Satisfaction to our customers is important to our company and we will always try our best to take that extra step.
Deed of Trust
In exchange for a loan provided by Silver Discount Properties, LLC (“Lender”) to Buyer (“Borrower”), borrower will receive legal title to real property with a secured Note (also known as Promissory Note) attached. The borrower retains equitable title to, and possession of, the property.
With a Deed of Trust, borrower will have legal rights to make any improvements to property. However, if borrower fails to comply with the Note, lender has full rights to remove borrower’s ownership of the property. Deed of Trust with secured Note will be reconveyed once the loan has been paid off in full.
To obtain a Deed of Trust for your property:
-
A request must be made by Buyer upon purchase
-
A minimum of 20% of the purchase price must be collected
-
Buyer is responsible for all expenses4 pertaining to the Deed of Trust
Title Insurance
Prior to acquiring any property, Silver Discount Properties, LLC completes an extensive research for each property. This research process is called Due Diligence. All information obtained is provided on our website. Customers wanting to know further information are always encouraged to contact us.
Even though our knowledge of each property, which is presumed to be provided by reliable sources, is passed on to you, we can understand why customers may want to obtain Title Insurance on their purchased property. Each company can vary but for the most part, the insurance value is up to the cost of the property and a title search will also be done. Simple Title Searches can also be done without obtaining insurance.
To obtain Title Insurance/Title Search
-
A request must be made by Buyer upon purchase
-
Title company is to be chosen by Buyer or we can provide one (if available)
-
Buyer is responsible for all expenses4 pertaining to Title Insurance/Title Search
Escrow
To assure our buyers that their transaction is safe and Silver Discount Properties, LLC is reliable, we issue a standard Purchase and Sale Land Contract agreement. However, a buyer may want to take a further step in protecting their investment and decide to go through an escrow company.
Very simply defined, an escrow is a deposit of funds by the Buyer for the delivery to the Seller upon completion of a particular condition that is agreed upon. The escrow holder has the obligation to safeguard the funds while they are in the possession of the escrow holder. Each company may vary on how they operate.
To purchase with Escrow
-
A request must be made by Buyer upon purchase
-
Escrow company is to be chosen by Buyer or we can provide one (if available)
-
Buyer is responsible for all expenses4 pertaining to Escrow
1. Processing Fees vary upon each transaction & will not exceed $300. Processing Fees can be combined if purchasing multiple properties in the same location.
2. Payments processed through PayPal will be charged with additional fees. These fees vary and will not be credited towards your balance. E-check payments through PayPal will be charged with a standard fee of $5.00.
3. Discount excludes properties on specials or sales. For properties over $25,000, please contact us for details.
4. Expenses include, but are not limited to, recording fees, title fees, insurance fees and/or taxes. Does not include any back fees/liens that can be found on a property through a title search. Seller will be responsible for this fee. All fees must be paid by Buyer in advance or during the optional process.