What may be an ownership afterthought or even a tax burden to you, could be a dream come true, once in a lifetime land opportunity for one of our land enthusiasts. Be the hero of your own story and submit your own property to LandSpot.org, where every deal is a win-win!
What kinds of properties are you looking for?
Well, if you’re here on LandSpot.org, our best guess is that you own some land. …We’re interested.
That said, vacant, recreational, or agricultural properties are not the only types of properties Premier RE Investments, Inc. purchases. Our start was in multi-family and single family residential properties and we are still very active in small to medium sized commercial apartment buildings. Our passion is land, however.
My personal favorites are the hard-to-get-to, extreme rural, properties with some amazing feature or attribute, but largely our bread and butter comes from infill lots in residential suburbs. So, if you have some land, let’s talk.
Need more specific examples? Crop land, pasture lands, flat, wide-open barren landscapes, steep, rocky unbuildable mountainsides, or even swampy, leech infested, mosquito havens… 0.1 acre properties, 1000 acre properties… etc., blah, etc., blah.
Yep, we’re interested.
What would your plans be with my property?
We’ve had owners in the past agree to sell us their land on the conditional commitment that we would only sell the property to someone who would actually use and enjoy the property. Namely, they didn’t want it to just go to someone for investment purposes.
We have always honored such preferences and usually, with the new owner’s permission, have even sent courtesy follow up notes to the former owners to let them know that their property has found a good new caretaker and even what their plans are for it. For example, “the new owners are a young couple with two toddlers that hope to make the property their summer getaway camp and yearly family reunion destination. They loved your shared story of having held a Valentine’s Day picnic there every year of your marriage no matter what the weather and plan to make that part of their tradition as well. ”
So, please let us know your request and we’ll do our best to comply.
This specificity aside, we ARE real estate investors and hope to make money off every purchase, but first and foremost when it comes to land, we are land lovers. Depending on the land and circumstance, we may hold it for a short while in hopes of a more favorable market or plan on holding onto the property indefinitely. (We have vacations and dreams too!) We may seek to develop and partition large land claims into numerous smaller land claims to “spread the wealth” sort of speak or we may simply post its availability out to our Buyer’s List, the vast majority of which are land dreamers too.
At the end of the day, the vast majority of the land we purchase we never set foot on. That said, we still get the enjoyment and experience of having owned each property, dreamed of how we would personally use each parcel, and even shared our experiences, observations and plans for each property with the new owner(s). In fact, it is always our hope that YOU will have some stories and/or hopes for the property that we might share with the new owner(s). A sense of history and legacy only adds to each new owner’s appreciation for the property, such as referenced in the example above.
How do I request an offer from you?
Just submit your contact information and interest on this page’s form and we’ll get the ball rolling for you. Phone conversations are always best and so we do request phone numbers, but as you can see from our contact form, we realize some people are reluctant to speak and so we do not require it in our Contact Form. (Just make sure to watch for our email! It could come from a LandSpot.org email address or more directly even from Jenn, Neil or perhaps even Tessa, from one of their name@PremierREInvestments.com addresses.)
I received your offer, but would like more money. What options might we discuss, as opposed to my just walking away?
Using us as buyer to your property is lot like choosing to go to the Convenient Store instead of the Full Service Grocery Store. We’re VASTLY more convenient, but at a cost.
We are not offended if you should choose to take the long road to selling your property on your own. In fact, I would say that more than half of owners that sell their land to us first tried to do so on their own or through a realtor.
The truth is, when it comes to Real Estate, especially land, when we speak of the “Market Value” of a property, we are speaking of a possible sales price value that someone would act upon if the property was held on the open market for an extended period of time or at least enough time for an interested party to come along that really just didn’t care about the price. This is the norm for all real estate, but land especially. One to two year waiting periods in some regions of the country are common for vacant land.
What we deem true “Market Value” for land to be is a price at which the land is likely to sell within the next 30 to 60 days. (More like an appropriately priced new car.) THIS is the price we generally must sell our properties at and is therefore this price that we will utilize to back into our offers to you.
We refer to our sales prices as being 50 to 60% of the “Market Value” for the property, but in truth, our prices are probably more in line with their TRUE “Market Value”. Just like quality jewelry sells brand new for incredibly high amounts of money… It’s pricing on the secondary market is probably more akin to brand new costume jewelry cost. However, if you list it for sale out there for a long enough period of time and at or near your original purchase price, eventually someone will come along and agree with you that it is just as desirable as it ever was when you purchased it… and you’ll have your sale. In our opinion, however, that is not a good reflection of “Market Value” and if frustrates us to have to refer to it that way. We certainly couldn’t stay in business long if our properties all took so long to sell as the norm.
As for your options, let’s talk. Your property itself may lend itself to options that others may not possess. 1) We may be willing to pay more. 2) We may not be comfortable paying more, but would be willing to come to an agreement that would allow us to market your property to our buyer’s list mindful of your higher price. There’s no harm in trying and if you’re right, everybody still wins and wins quickly. 3) Also, if you have a large piece of land and/or are considering selling off a whole portfolio of properties, that can be a management nightmare, but opens up the possibility of varying partnering type relationships that go beyond the normal scope of LandSpot.org, but not the Premier RE Investments, Inc. family.
In short, every situation and property is unique. We can’t cram them all through the cookie-cutter that is LandSpot.org, but we always try to help. Please just call. We’ll help if we can and if we can’t, we’ll do our best to make some recommendations on how you might best look out for your better interests.
Are there any fees if I sell my land to you?
As a general rule, never. We want to make this as simple and convenient as possible for you and generally cover all the costs associated with our normal purchase methods.
That said, especially on smaller properties, sometimes sellers wish to include something that we might otherwise not include. For example, if we are purchasing a small property for $500 and the seller wishes to close through a title company that would cost us a $1000, we just can’t do it. The property loses us money right from the get go.
In this instance, we would request that the seller either follow our normal procedure of sending a mobile notary with a cashiers check to meet with him or agree to pay for the additional desired title company themselves.
Aside from this sort of irregularity. We cover it all and never surprise anyone with some sort of hidden fee.
What’s involved and how long does the process take?
Much of this will be dependent on your property and the situation, but it’s usually a matter of how many days and not weeks.
Smaller properties that we can avoid having to use title companies or attorneys to manage the closing tend to go the fastest. For example, if you have the property deed, we can just use a faxed or emailed copy of the deed to draft a new one. Then we simply find a mobile notary convenient to you, mail them a cashiers check along with the deed to be signed, and then they’ll contact you to arrange a meeting, gather signatures and leave you with your check.
This is only usually dragged out longer if we have to rely on the county to provide a copy of the deed. Many counties won’t even take email or fax requests for deeds and require us to mail in our deed request with a check to cover processing costs and a self addressed stamped envelope for them to snail mail it back to us. We’ve had this extend purchases by weeks. (We sort of always keep our fingers crossed that you’ll have your deed and that… for some reason, it just so happens to be right in your pocket… As opposed to the less convenient, but probably far more intelligent place of keeping it in a secure place, such as in a bank security deposit box across town.)
For larger properties that we would wish to utilize a title company for, the time can be extended past days, but in our experience, title companies tend to love the simplicity of our deals and many will bend over backwards to process your closing quickly so that we keep utilizing them. We wire them the money, they collect your signature. Done.
They love our land deals compared to the frustrating coordination and headaches of house closings that require the juggling of multiple party schedules via phone (tag) and/or email of both the buyer and seller’s real estate agents and/or attorneys. Seriously, the hearts of these poor people to put up with such stresses day in and day are simply extraordinary.
Some states, such as New York, are what we term “Attorney States”. These states require by law that an attorney be involved in every property closing. We do not tend to market for properties in such states simply because of the added costs and business headaches of buying and selling through attorneys. It’s just frustrating to control and provide, fast convenient service as a business when your success at doing so is hitched to the ever full schedules of an attorney. We sill still consider purchasing land in such states. Just be prepared to have the time horizons for such a closing to be completely out of our control or even realm of influence.
I still have questions…
…and I still have long winded answers. Give us a call! We’re going to get along fine.
I signed your Purchase Agreement, but now I want to keep my property. Can I get out?
Of course, you are exactly the type of people we want to help attain land of their own. We aren’t about to make this about money.
That said, we do need to cover any incurred costs. On occasion, costs can even be very significant for us. Perhaps, for example, if we had agreed to pay for a survey of a property to clean up a “cloud” on the title with a neighbor property owner. That would be significant, even in the thousands of dollars. Especially if, for example, a large irregular shaped property out in the middle of nowhere were involved.
In short, it would hurt us to not have any costs reimbursed but will always work with you to keep the property with you. We have never forced an owner to honor a purchase agreement and we would consider it unconscionable to do so. Consider the purchase agreement more of a handshake over the agreed to terms…
So, in advance, congratulations!