Thank you for considering MV Oakridge Land Holdings LLC for your land needs!
This page is dedicated to sharing answers to frequently asked questions. Have a question that isn't answered here? Contact Us today and we look forward to connecting.
Our listings will display our pricing. Options include discounted cash pricing and terms for our easy owner financing. When you are ready to move forward, please use our Contact Us option to connect with us. We'll help you navigate next steps for purchasing your property.
It is a great question. We have been told that our prices are often inexpensive, below market, and cheap. There is a reason why. We spend hundreds of hours in our property search and sourcing process. Ultimately, our goal is to find undervalued land and/or sellers who are ready to have support to clear their back taxes (if applicable) and receive an offer on the property that they are no longer interested in owning. These efforts to identify ideal sellers and properties allow for us to purchase at discounts and then pass savings onto our buyers. A win-win-win!
Yes! We only buy from sellers who can and will issue a Warranty Deed. This allows for us to sell all of our properties with a Warranty Deed. Some of our properties are sold with a General Warranty Deed and some are sold with a Special Warranty Deed. This will be clearly indicated in our listings and agreements.
Unless specifically included in a listing description, our fees cover deed preparation services only. Some of our buyers do want to take extra steps to conduct title searches and obtain title insurance. We are happy to work with you on these requests. Just let us know when we are navigating the purchase agreement and we can ensure that our lawyer performs a full closing process for you. Those additional fees will be your responsibility.
Cash (lump sum) Payment:
We will often charge a nominal documentation fee to help offset our time and costs to work with our attorneys to prepare agreements and/or deeds for transfer. This cost will be clearly indicated to you as applicable for your property.
The short answer is that you can. While we strive to complete each transaction in the simplest and most cost effective way possible, we often hire legal and titling help ourselves. Most of our listings for sale will list fees for deed preparation and the buyer is then responsible for recording the deed with the applicable county. If hiring your own attorney and title agency would make you feel more comfortable, you are free to do so. You will be responsible for those additional costs.
Owner financing allows you to pay for the property over time. If you are interested in this purchasing option, we'll send you applicable agreements to review and sign. You will send in your down payment and any applicable first month's payment. Then, you will pay according to the financing terms for that specific property's listing. Once you make the last payment, we will record the deed in your name and send you a copy. Generally speaking, a property that is still under a payment plan cannot be improved or built upon without our written agreement. There are no pre-payment penalties if you would like to pay off your remaining amount quicker and start with a building or development project. Other traditional financing options may be worth exploring as well if you want to start living on your property asap (LightStream Loans, Farm Credit Carolina, etc.).
In addition to the normal monthly payment for the property, there is a $25 monthly loan servicing fee. As applicable, you will be responsible for paying any HOA/POA dues and property taxes. This information will be clearly provided upfront in your sales agreement. After you make your last payment, you will pay the documentation fee as outlined in your agreement.
Each parcel that we sell is different. Our buyers have different desired uses for their property. While we disclose all the information we know including zoning, presence of utilities (electricity, water, sewer, internet, etc.), restrictions, POA/HOA status, etc., each county has different building requirements and restrictions. If you have specific questions, please contact the applicable county planning and zoning department. We encourage our buyers to conduct their own due diligence as we move through the process to ensure that property is perfect for their use case (home, RV, tiny house, hunting, camping, etc.).
We have not had a survey commissioned, but if you would like to pay for a survey we would be happy to work with your chosen surveyor. We find that most of our properties have been surveyed in the past. We'll share whatever research we have with you. Many are surveys from years ago so the likelihood of the properties being marked or staked is hit or miss. This can be confirmed with property visits as part of your due diligence process of course.
Absolutely not. We ensure that all back taxes and POA/HOA fees are paid in full when we buy and sell our properties. If you purchase under our easy owner financing option, you will be responsible for ongoing tax and/or POA payments as you would be if you purchased the property outright and as outlined in your purchasing agreement.
We are constantly adding to our inventory and properties often are priced to sell within days. Would you like to receive email notifications of new properties? Great! Sign up for our new property notification emails HERE.
We buy all of our properties assuming that we only have the surface rights. In order to determine whether a particular property has mineral rights, you will usually need to hire a title company to run a mineral rights search going all the way back to the original homestead.
We are not realtors. We are buyers and sellers of raw land.
We will occasionally enlist the services of a realtor to sell a property and they could meet prospective buyers at a property. This option would be included in the listing if available. Most of the time, we sell without the assistance of a realtor and as we buy and sell in bulk, we do not offer this service as it would add to our costs and therefore impact our ability to offer lower prices. We do strive to provide as much information as we have in our listings to support you during your buying process and due diligence. Please don't hesitate to reach out to ask any questions as you review your options. Your business and experience is important to us.
Absolutely! We are focused on buying and selling in North Carolina today. If you have vacant land in North Carolina, please use our Contact Us options to connect with us. We anticipate that we will expand into neighboring states in the near future.
It is a great question as many of our competitors conduct business this way. We are not brokers and we actually buy your land. Once we complete the purchase from you, we then decide if we are going to hold onto the land, develop it, or resell it in the future. Sorry to hear that you had to navigate the frustrations of dealing with middlemen. You won't have that experience with us!
Vacant land can be really challenging to price. Many counties try to assign a tax assessed value that they believe to be within the fair market value range but this may not be a current assessment that accounts for market conditions. We will generally start at the tax assessed value in our calculations. Then and knowing that our buyers will be looking for a deal, we try to factor in considerations such as recent comparable sales in the area, restrictions, road access, presence of utilities, topography, views, owed taxes/HOA dues, and anticipated legal fees based on complexity of the deed transfer history. It can be more art than science at times but we try our best to offer what we can pay that will allow us to pass on savings to our buyers in an efficient manner. Thank you for considering us for your vacant land buying and selling needs.
Copyright © 2023 MV Oakridge Land Holdings LLC - All Rights Reserved.