Frequently Asked Questions about Buying Rural and Raw Land
Is land a safer investment than the stock market?
Some of the wealthiest people on earth got their start in real estate, and for good reason. Simply put, they are not making any more land. There is a finite supply and as the world’s population grows, rural, undeveloped land will likely become even more valuable.
Why should I buy from Criterion Assets instead of Craigslist or eBay?
Price, quality, simplicity and trust. There are a lot of land sellers, but none have as simple and transparent a buying process as ours. Our land has been handpicked for access, mountain views and potential appreciation.
Why should I buy from Criterion Assets instead of a real estate agent?
A real estate agent’s fees can range from 3% to 8% of the purchase price. At Criterion Assets, we eliminate the middleman to save you even more.
Does the property have utilities?
Unless indicated in the description, the rural properties we represent do not have utilities. They’re perfect for a solar- or wind-powered “green getaway.”
Are mineral rights included?
Mineral rights are not included. However, the area has been geologically investigated and nothing of value has been found. We have never found this to be an issue with any of the properties we have sold.
Can I raise crops on the property?
Yes. Unless otherwise noted, the property is zoned for agriculture, mining and recreation. You can do almost anything you’d like with it, including installing a manufactured home or trailer.
Can I raise animals on the property?
Yes. Unless otherwise noted, the property is zoned for agriculture.
How much are property taxes?
The property taxes are typically current unless otherwise stated and will vary from parcel to parcel. We will disclose the tax information in all of our listings.
Do I need an attorney or real estate agent?
We have simplified the buying process with straightforward, easy-to-read contracts. Of course, we encourage you to hire a professional if you think it’s necessary, but we have done our best to make the process easy for anyone to understand.
Is title insurance available?
Yes. With most of our financed properties we will buy for you a title insurance policy in your name and close via a title company unless otherwise stated.
How do I apply for owner financing?
There is NO application process! No credit checks. You are already pre-approved. Simply put, if you can afford the down payment, we will finance you. And you may qualify for a lower interest rate if you choose to put down a larger down payment. Financing may not apply for all properties; please see the property’s details for financing terms, if applicable.
What documents do I need to apply for owner financing?
None. Our process is so simple that no documentation is required.
How do I make arrangements to inspect the property before I buy it?
All buyers are responsible for performing their own due diligence. We can let you know where the property is located, but you are responsible for verifying all facts and figures. We encourage you to visit the property in person, if applicable, to ensure the investments meets your needs.
How long does it take to close on a property after I make my down payment?
Once your down payment clears we will send out your entire deed package via email using an online signing service. This package may include maps, photos, your Land Contract, Promissory Note, and Purchase Sale Agreement. Once you sign the documents digitally we will set you up on a payment schedule or automatic payments if you are financing the property through us. Once you pay off your note we may close with a title company and issue your Warranty Deed along with your title insurance, if applicable. The county will then mail you the original recorded deed for your files. It is that simple!
The whole process usually takes a few weeks, and most of that is the time it takes for the county to process the paperwork.
Once you make your final payment on the property we will issue you your Warranty Deed. At that point you own it free and clear!