Frequently Asked Questions
Gotma Land Holdings can get you fast cash for your vacant land. We receive dozens of questions daily, and here are some of them.
Q: Do you buy properties that have back taxes?
A: Yes! If you owe back taxes on your vacant land, we can pay it off for you and still cut you a check. Every situation can be different so we handle this on a case by case basis.
Q: Do you buy land that is in probate?
A: Yes. As a matter of fact, this is a very common transaction for us. Many of our clients sell their vacant land to us because they inherited some land they will probably never use.
Q: How much will the closing costs be?
A: You will pay no closing costs. We pay it for you. When we make you a cash offer, you will receive the entire amount of that offer without any other deductions.
Q: Do you work with Realtors?
A: Our preference is to buy land directly from owners and avoid Realtor fees. Realtors charge commissions which can be up to 10 percent for vacant land. Our process of working directly with the sellers allows you to get maximum cash for your property.
Q: How do you come up with your offer amounts?
A: Carefully and methodically. When we make an offer for your land, our software factors in many things about the property. Here are just some of the details that go into our calculation. Please consider all of these benefits when you evaluate our offer.
Location, Location, Location – After all, location is the Golden rule of real estate. Is it prime or is it rural?
Current Market Conditions – The real estate market can change quickly. Therefore we have to take present conditions in account.
Realtor Fees – Real Estate Agents need to get paid too. They take up to 10 percent commission for vacant land as an industry standard.
We Pay ALL Cash – Cash is king in real estate and is worth more than deferred payments.
Closing Costs – All costs for closing the transaction are paid by us, instead of you!
We Pay Off Liens – If you have liens on your property, we may be able to pay those off too.
Q: What is your refund policy?
A: All purchases and sales are considered FINAL at the time of closing. We strongly recommend you do your due diligence before signing closing documents.
Q: Do you own the land on your website?
A: Yes, we own all properties and sell directly to people just like you. One of the reasons we can sell land at below market values is that usually the only third party involved is the title company.
Q: Do you guarantee the property will transfer cleanly to the buyers?
A: Absolutely! We sell land properties using Warranty Deeds in most cases. Furthermore, we guarantee that all of our properties that we sell have a clear title without any liens or encumbrances. Additionally, we guarantee that all property taxes and any other fees such as association fees are paid up current.
Q: What title company do you use?
A: We use many title companies all over the Untied States. If your property is in Ohio, your closing will be with a title company in Ohio. Many states have different rules for closing a transaction. Working with a local title agency often makes the most sense, but for more on this, read about the pros and cons of title companies here.
Q: Do you offer seller financing? If so, how do I get approved?
A: Yes, we do offer seller financing and you will get approved. It's a very simple process too. There is no credit check required and a fair interest rate. We simply require a small down payment and affordable monthly payments. If you want to pay off the loan early, there is no prepayment penalty. In other words, if you want to buy this property, we can make it happen for you.
Q: Do you buy contracts from wholesalers or other people?
A: No. We do not.
If you have any additional questions, please contact us using our easy to use contact form HERE.