Frequently Asked Questions
- What is the zoning of these properties?
- Do the properties have water?
- Do the properties have electricity and telephone service?
- Can I build a home on the land?
- How much are closing costs?
- Is there a balloon payment with this owner contract financing?
- Is there a pre-payment penalty?
- Can you pay more than the minimum monthly payments?
- Is there a road to these properties?
- Who owns the properties sold on Radiusland?
- How does Radius acquire these properties?
- Are there any liens on the properties?
- Should I visit the property before buying?
- Can I buy more than one property?
- What is owner financing?
- Do I qualify to buy with owner financing?
- Do I pay any kind of sales tax or real estate transfer tax when I buy land from Radius?
- Is Radius a realtor/broker?
What is the zoning of these properties?
We cannot guarantee the zoning of any of our land parcels. If you have questions about the zoning of a particular property, please contact the county planner where the property is located and give them the 'APN' number for the property you're interested in.
Do the properties have water?
In many cases, water may be available. Please contact the county for additional information or a local well drilling company. On most of the acreage or rural parcels we sell, a well will need to be drilled, since city water is not available nearby. Wells can range from 100' to 1000' deep, and in a few very rare cases, water may not be available at all. In most cases, the cost of drilling a well is very reasonable. In rocky or hilly areas, this cost can rise dramatically.
Do the properties have electricity and telephone service?
Visit the property and make an assessment for yourself or call the county planning department.
Can I build a home on the land?
Please contact the county for the most up to date information.
How much are closing costs?
If you purchase directly from us, there are no closing costs. Zero. Our goal is to make property ownership affordable, and one of the ways we make this possible for you is by not charging you any closing costs. If you purchase from us, but do not purchase DIRECTLY from us (e.g. you purchase from us using another web site that offers our properties, or you purchase from us using an online auction), we may require a processing fee.
Is there a balloon payment with this owner contract financing?
No. We do not have a balloon payment. Just for your information, if you don't know what a balloon is, let's say you purchase a parcel of land and the payment term is 9 years (you agree to pay monthly payments for 9 years). An example of a balloon payment would be a paragraph in the sale agreement which requires you to pay the land off in, say... 5 years. So this would be a 5 year balloon. We don't use balloon payments, because we don't know, and you don't know what kind of financial situation you will be in when the balloon comes due. We don't want to put you in a situation which would require you to come up with enough cash to pay off the remaining balance on the loan.
Is there a pre-payment penalty?
No. You can pay off the land any time you're ready, with no penalty of any kind.
Can you pay more than the minimum monthly payments?
Yes, you can pay any amount over the minimum monthly payments. For example, if you purchase a parcel of land and finance $11,500. If you paid the normal payment of $110 per month, it would take just over 20 years to pay it off. But, if you paid an extra $15 per month, it would only take you 14.5 years to pay it off. If you paid an extra $30 per month, it would only take you 11.5 years to pay it off.
Is there a road to these properties?
You can drive to properties we sell; however we cannot guarantee access to the property. Many of our properties have paved roads right to the property line. Most of the properties we sell have good dirt roads, which are accessible with any car. A few of our parcels are located in remote areas, which may have poor dirt or gravel roads. In these cases, you can still drive to the property, but you may need a four-wheel-drive vehicle to get to the land.
Who owns the properties sold on Radiusland?
All of the properties we sell belong to Radius Management, Synergy Management or one of our other Radius Group Companies. We own all of the properties we sell. We do not sell land which belongs to other companies or other individuals. In addition, we do not sell land for other parties. All of the land we sell belongs to us.
How does Radius acquire these properties?
We buy land from many different sources, including private parties, auctions, banks, tax sales, and government sales. We only buy desirable, quality properties which we feel will satisfy the needs of our buyers. We buy properties that we can buy for a good value, and then we offer the properties to buyers at a fair price with simple, easy terms.
Are there any liens on the properties?
No. None of our properties have liens on them. We guarantee that all of our properties are sold to you with clear title, free of any type of lien, encumbrance, mortgage, loan, back taxes, contractors lien, or any other type of lien.
Should I visit the property before buying?
Only you can make that decision. Most of our buyers purchase property from us without viewing the land.
Can I buy more than one property?
Yes. We have had many buyers who purchased several properties at the same time. We do limit the number of parcels that can be financed at the same time to three. However, you are welcome to purchase and pay in full as many properties as you like.
What is owner financing?
Owner financing is the easiest way to buy property. It is extremely simple. We own the land, and you would like to buy the land. We will sell the land to you, and all you need to do is pay a small down payment and small monthly payments. We finance the land for you, so you don't need to qualify for a bank loan. You don't even need to fill out a loan application. Everyone qualifies!
Do I qualify to buy with owner financing?
Yes. Everyone qualifies to buy with owner financing. There is no loan application, no bank red tape. All you do is pay the small down payment and pay the small monthly payments. It couldn't be easier!
Do I pay any kind of sales tax or real estate transfer tax when I buy land from Radius?
In some states where a tax is required, the transfer tax will be part of the total paid upfront when the property is purchased. We do not charge any sales tax for any land that we sell.
Is Radius a realtor/broker?
No. We are not Realtors or Brokers. Realtors and Brokers are people who sell real estate which belongs to others, and they earn a commission from the sale. We own all of the properties we sell. In addition, we sell directly to the public, thereby avoiding the Realtor's commission, allowing us to sell our properties for a lower price.
