Land Buyers: Property Viewing, Due Diligence, Utilities
Customers are encouraged to go visit our listings anytime and walk the property on their own! To keep our costs low and property prices below market trends, we offer ‘self-service’ real estate. Therefore, Wilco Land customers visit our listings on their own time, using the information provided in the listing and contacting us with for additional questions/assistance.
As you may have noticed, not all vacant land listings have a physical address, especially rural and off-grid acreage. With this being the case, we suggest using our approximate GPS coordinates that we pull from GIS mapping systems on Google Earth. These are not to be used as an official survey, but are still very helpful in locating and identifying a property. You may even walk one of our properties and find survey markers. In addition to GPS coordinates, I always suggest looking at a plat/tax map and our aerial imagery in the photos section of the listing. Lastly, our Google Earth file in the listing will open the parcel shaded in on Google Earth maps, which I use everyday to evaluate land purchases here. Google earth will allow you to see terrain, identify natural features around the property to better visualize the location and layout.
Here’s a quick video tutorial on how to use GPS coords & google earth: https://www.youtube.com/watch?v=tyT7qW675N4&feature=youtu.be
Is the land off-grid? Here’s a blog with some extra tips: https://wilcolandllc.com/tools-to-help-find-off-grid-land-escapes/
- Zoning refers to municipal or local laws or regulations that dictate how real property can and cannot be used in certain geographic areas.
- Inside our listings, we will provide you with the ‘zoning’ and below that will be a link that will direct you to the county zoning definitions and permitted uses for that specific zoning/parcel. This will help you get a better idea of what the land can be used for in the future. The local county zoning and planning offices can also be helpful to contact with questions pertaining to properties zoning and land use potential… I also have a blog with a multiple county’s zoning links and resources for your property due diligence here: https://wilcolandllc.com/zoning-definitions-codes-by-county/
- Wilco Land’s niche is vacant aka raw and undeveloped land offerings. Therefore, in most cases, unless otherwise noted in the listing or we missed something during our due diligence, our listings will not have any wells, septics, or improvements on the property. When it comes to septic, we will try to mention if a permit has been issued for the property or not, which is the first step to installing septic. When it comes to water, most of our properties will either be by well or have an option to hook up to local city water/community well. When it comes to power, typically, visiting a property and seeing the nearest power sources can be helpful to get an idea of availability. Often times calling the county, or local companies (well drillers, septic, etc.) who have worked in the area, can be good points of contact to inquire with to learn more. You may find this blog helpful in providing a few of those resources to contact: https://wilcolandllc.com/county-cheat-sheet-resources-and-links-to-assist-in-your-due-diligence/
- Since due diligence is specific to the property and what each individual land Buyer might want/need to know about a property before buying, the Buyer is responsible for performing their own independent due diligence. A number of factors may depend on how much time you spend, if any, looking into your next land purchase. Have questions about this subject or want to learn more? See our blog page or contact us anytime! PS also our Youtube videos in the listing touch on this topic.
- You can use sites like Zillow, Redfin, Land and Farm, Landwatch, Craigslist to find land listings and sales in the area. In addition, many counties record property sales online for the public to search and view recorded sales.
- This will vary from property to property. This question is often found in the properties legal description or in escrow.
- BLM land stands for Bureau of Land Management and it is basically public lands with a variety of land uses and applications to the public such as hunting, hiking, camping, off-roading, grazing, and more.. I highly suggest a google search to learn more!
Land Buyers: Purchasing and Closing at Wilco Land
- Cash sales: A customer can choose to close through a local title company/escrow or close in-house at Wilco for $350 closing costs. Once the details of the sale are confirmed, we will send you a closing email with instructions and a Purchase & Sale Agreement via docusign. After closing, we then create the deed, and handle the recording/ownership transfer with the respective county, staying in touch with you along the way with updates.
- Installment Sales/Seller Financing: For customers purchasing on owner carry terms, you can expect a similar process as our cash sales, consisting of a closing email with instructions, purchase paperwork including a Land Contract, P&S, and Promissory Note. After closing, Wilco will set up an account for you and send an email with a link to login and view your balance on Geekpay, make payments, change information, etc. Once, the note/land is paid in full, Wilco will be back in touch with you and create the deed and transfer ownership/record the property with the county. For those looking to purchase on terms, please review our Land Use policy listed further down in the FAQ on this subject and contact firstname.lastname@example.org for additional questions/clarification.
- Wilco offers a marketable title on all sales, unless otherwise noted and disclosed.
- Wilco uses a docusign service to send paperwork for eSignature and ‘Buyer(s) info’ will be needed for closing
Wilco Land offers a marketable title aka free and clear. As a land Buyer, you can also dig this up during your due diligence or having a title company confirm during escrow
We encourage customers to contact us with their offers and use our loan calculator tool to find a payment plan that works for them. Calculator: https://wilcolandllc.com/calc/
- Deed vesting refers to the ownership of the property, and what appears on the deed/title when acquiring a new real estate investment. You can refer to a blog about deed vesting here: https://wilcolandllc.com/ever-hear-the-terms-deed-vesting-or-how-to-take-title/
Contact Miles at email@example.com or 605-250-1256
Customers who acquire property from Wilco LLC may use the property in a reasonable, safe, legal and responsible manner, respecting rules and/or regulations set by state, county, municipal, local, and/or other governing bodies, such as homeowner associations. The Buyer (customer), is responsible to find and understand the rules and regulations pertaining to their property.
All terms and conditions below apply only to customers with accounts in good standing. Any customer who is delinquent on their payments forfeits their right to use the property.
As a rule of thumb, if your activity has no long term impact on the property, and does not violate any rules or regulations, we typically allow it. The following activities are allowed and permission is not needed (as long as they do not conflict with rules or regulations set by any governing body):
- Recreational use (e.g., hiking)
- Motorized vehicle usage (e.g., ATVs/RVs)
Wilco LLC prohibits most development. Customers who want to develop are encouraged to pay off their balance. This is to your advantage, as holding title to the property ensures you will keep any improvements you make, allows you to communicate with the county and building contractors directly, and puts you in a better position to obtain financing. It is also to Wilco LLC’s advantage in that it reduces our risk and liability related to development.
Wilco does allow for the installation of certain utilities and minor improvements.
- Percolation Tests
- Concrete pads
- Electric line connections
- Water/Sewer Hook-ups
You are required to submit detailed plans to Wilco LLC for approval. Wilco LLC reserves the right to deny permission for any reason. You must also obtain written proof from the county, city, HOA/POA approving your plans. You are required to obtain sufficient insurance on your projects and name Wilco LLC as a co-insured party. You must submit a deposit to Wilco LLC to cover any potential liens that could result from development.
|Down Payment||Interest Rate @ 12 months||Interest Rate @ 24 months||Interest Rate @ 36 months||Interest Rate @ 48 months||Interest Rate @ 60 months||Note Servicing Fee (Monthly)|
In today's day and age, we are seeing more and more companies doing business online. Ourselves included. Which is one reason, we are able to low prices on real estate. To do this successfully, and gain the trust of our customers. We offer transparency, customer service, documentation, and paperwork both parties will sign before money changes hands. Often times, we Facetime, Skype, or have in depth phone conversations with our customers before they make a purchase.
Land Buyers: General FAQ’s and how to stay up to date on our new listings
Yes, Wilco owns all the vacant land listings on our website unless otherwise noted in a specific listing.
We source our listings through farming county data and then using that data to mail letters to landowners in a specific area, inquiring to purchase their property
Wilco primarily offers land for sale in Oregon, California, and Colorado. However, we often acquire land in other states throughout the year with less frequency.
Our roots and homebase is in Sioux Falls, South Dakota and our goal is to evolve the real estate model by finding a diverse selection of land and making it more visible and affordable to find and invest in vacant land across the country. We are able to do this by offering a self-service real estate model to the online marketplace. Want to stop by and see us? Our doors are open to anyone who wants to visit!
We guarantee that the property is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. Basically we guarantee that at the point of ownership transfer from us to you, the property is free and clear and has marketable title.
We make no guarantees concerning mineral rights or the lack thereof. If we are aware of the lack of mineral rights, disclosure will be made in the disclosure documents for each property. However, Buyers should do their own research to find out if the property has mineral rights or the lack thereof.
Here’s a nice reference that explains what a Principal Meridian and a Baseline are, as well as what Townships, Ranges & Sections mean. Click Here
Yes. If you’d like to sell a property, email firstname.lastname@example.org with any information on the property that you can share. This includes parcel number, acreage, information regarding road access, photos you might have, how much you would like to sell for, and any other information you think would be relevant.
Existing Customers: Customer Accounts, Payment & Servicing
Yes, please keep your up-to-date phone, email, and mailing address on record at Wilco Land.
- Email: email@example.com
- Phone: 605-223-4708
Log into Geekpay and you can check your latest billing statement, see what payments are processing and have posted to your account, check your payoff balance, and update any auto-pay information as needed.
Log into Geekpay to make a manual payment.
You can also pay via our website at https://wilcolandllc.com/make-a-payment/.
Money orders or cashiers checks can be made out to:
2601 S. Minnesota Ave. #105-222,
Sioux Falls, South Dakota 57105
Log into Geekpay. Click on Payment Accounts and update your information as needed.
Log into Geekpay to see your remaining balance on your account.
If you miss a payment or a payment fails, you will receive a notification from Geekpay. After 15 days a late fee will be added to your account. After 30 days a Notice of Default will be sent out via email and certified mail. After 30 more days, if no payment is received a Notice of Termination will be sent via email and certified mail. At this point, Wilco LLC retains the property and will put it back on the market for resale.
After final payment is received, a representative from Wilco LLC will email you a copy of the deed and any transfer documents necessary for signing and approval. Wilco will then send the deed to the county for recording and you will receive notification via email or in the mail based on which county/state you have purchased property in. If your property is in an HOA or POA there may be a transfer process that needs to take place. Please pay attention to all communication from Wilco LLC at the end of your term to ensure you get all of the information needed.
Contact firstname.lastname@example.org or call 605-223-4708 to set up your final payment. Wire information will be shared with you at that time. You can also send a money order or cashiers check at this time.
An addendum to the contract would need to be created and signed by all parties to acknowledge responsibility for the original contract has been transferred to a new party. This will be arranged by contacting a representative at email@example.com or 605-223-4708.
If you decide to try to sell your property we encourage you to work with a title company/real estate experts in the county in which your property has been purchased. If your property has not been paid in full, Wilco LLC will need to sign off on any and all transactions regarding the sale of the property. You will still be responsible for paying Wilco LLC the remaining balance on your contract.
You cannot make any permanent changes to the property until you hold full title. You will hold full title once your note is paid in full and the deed from Wilco LLC has been recorded in your name with the county. Please refer to Wilco Land’s land use policy in another FAQ answer on this page.
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