Here is how the Seller Financing program works:

First, we want to make this process easy and stress-free.  However, we don’t advise you to buy this property if you feel the monthly payments will be a stress or hardship in any way. We reserve the right for a credit check, employment verification, etc.

All you need to do to start the process is to choose the property on our website, then pay the down payment of $249 and the document fee of $249 online.  The down payment and document fee are non-refundable. So please be sure the property and terms are right for you before you move forward.

Once you determine the property you want to buy, agree to the terms and conditions, and enter your payment information for the down payment and document fee, we will email you a purchase agreement.  We use a digital signing service called SignNow (be on the lookout for an email coming from SignNow as the Sender). 

While you are making payments, the property remains in our company name, Davidson Land Company, LLC. When the property is paid in full, a deed will be drawn up in your name, and the property will be officially transferred into your name.

If you have any questions about this process or want to view a sample form, please contact me using the Contact Page on this website and I will be happy to walk you through your question(s). 

Here are some other key highlights (AKA Terms & Conditions) to know about seller financing with Davidson Land Company:

Pre-payment:  there is no penalty for an early payoff. It saves you money and works well for us, also!

Unfortunately, some Buyers break local laws and create liability issues; therefore, the following rules are now part of the contract:

RULES TO FOLLOW:

The buyer will not make any alterations to the property without the seller’s written consent. This includes, but is not limited to: clearing the property, adding structures, fences, or gates of any kind, or leaving items on the property.

Buyer shall comply with all building, zoning, and health codes and other applicable laws for using the said property (including, but not limited to HOA/POA, Local, State, and Federal).

Any costs incurred to correct the above, including, but not limited to, trash removal, lot cleanup, fines and permit costs, and attorney fees, whether due to the actions of Buyer or others, shall be the sole responsibility of Buyer. Buyer shall not record this contract in the public records of any public office. In the event of a violation of any of the conditions above, Buyer will immediately default on this contract.

Fine Print (please read):

Once a year, we pay property taxes. Then we invoice you for them. If your payment is late, a late fee of $35 or 15% of the payment, whichever is greater, is charged. We always try to work with people and be as flexible as possible, but at some point, if you default on your payment or any other term of the contract, we will give you a seven-day notice to make things right. After those seven days, you will lose the property if you still need to take care of it. This will not affect your credit in any way, but it is something neither of us wants.

Like any typical financing, there is interest. To afford to extend seller financing to everyone, we need to charge interest. The interest rate is 5%. Remember, if you make extra payments, pay off early, etc., you can save money and avoid interest.

You are buying the property AS-IS. You are responsible for making sure the property is right for you, and you can do what you want to do with it. There are no warranties of any kind, so please do your research.

If you’d like to review the document, please contact me using the form on the Contact Page, and I will gladly send you a sample copy.

IMPORTANT! Once you pay the down payment and document fee for the property on the website, we will get to work on your contract. Within 48 hours, we will send it to you using the email you provided via SignNow, an electronic document signing service. You will be able to view and sign the contract online via your computer or phone. The contract must be signed within seven days. If it is not signed within seven days, the non-refundable down payment and document fee will be forfeited and the property will be put back on the market.