Frequently Ask Questions and   Answers

Auctioned parcels: Is the Winning Bid the total price or a down payment?  Most auctions are for down payments. The amount of the winning bid is applied toward the total price of the property as stated in the auction description. In addition to the down payment, the winner is required to send the processing fee.

What is a Warranty Deed?
Regal Land LLC and Marv Land LLC (NY properties) presently transfer parcels via Warranty Deed.  In some states it is called a Special Warranty Deed. This deed warrants the title of the property against title defects to the time of property transfer to the new owner.

What is due diligence?
Simply put, you need to do your research, check the property and resolve any questions or issues before placing an offer on the property. It is a legal term used to make certain that you do YOUR research, because once you make an offer it is too late.

Is the survey included in the property price?
Yes.  If the parcel is part of a subdivision you will receive a copy of the subdivision survey at the time of the property transfer which includes the parcel you are purchasing. If it is an individual parcel, not associated with a subdivision then the survey will be of just the parcel.

What is the property zoning?
Most of the parcels are zoned either residential or mixed residential/recreation. If you have a question about the zoning please ask the county. Several of the subdivisions were either large farms at on time or part of a residential estate.

Can we build on the property?
Once the property is paid in full you can build on the property. There is not a time limit to build.

Do we get the mineral, oil and gas rights with the property
In unless otherwise stated, you have all the rights. Again ask your questions and do your research. Also, check the subdivision restrictions, if any.

Can we visit the property and walk around?
We recommend visiting the property if possible. If you need good directions please call or email us.  We do not have local guides to the property at this time. This keeps the costs low on these parcels.

Are the images displayed of the actual property?
The images are of the property and this issue is very important. We provide links to areas of interest but all the images displayed, unless otherwise stated, are of the actual parcel being offered. Many companies offer property on the internet, saying the property is in the general area or the picture shown is of towns, parks and other things near the property. If the property is worth buying it is worth seeing!

What is the processing fee?
The processing fee helps to cover a portion of the costs of the survey, sales tax, property transfer fees, legal review of documents, certified mail fees and other associated costs.