HOW TO PURCHASE LAND?
Depending on the stage of development of the project we
are either taking reservations for lots or we are actually
writing contracts directly.
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Reservations are
cancelable by either party (Buyer or Seller) and the lot
that you reserve can be switched without increasing the
price that the property was selling for when your
reservation was made. Reservations are typically used
when the lots are not yet surveyed and before the
project plat is finalized. In return for your commitment
to purchase, the developer gives you “below market”
pricing. Please see the particular Development's web
page for a copy of the Reservation Form.
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Contracts are firm
commitments to purchase a specific piece of property,
with a specific closing date, and after the feasibility
period expires, your deposit on the property becomes
non-refundable…you are expected to purchase the parcel
on the closing date and pay the remainder of the
balance. At closing title of the property changes hands.
If the Buyer does not show up for closing, the deposit
money is forfeited and the Seller will resell the
property to another Buyer. A contract can not be
cancelled by either Party without the express, written
consent of both Parties. Please see the particular
Development's web page to review a copy of the Contract.
Simply call us at 561-296-4203 or send an email to
sales@synergyholdings.net to initiate the process.
Earnest Money/Deposit: 10% of the purchase
Price is required by the developer. This is fully refundable
during the due diligence period. Once this feasibility
period expires, the deposit becomes “hard” or
non-refundable. This deposit is applied towards the total
purchase price.
Closing Costs: This varies from property to
property. Includes pro-rated taxes, deed transfer fees and
other customary and normal charges. This should not be
confused with any bank financing fees that are strictly the
responsibility of the borrower and strictly depends on the
lending institution.
Email us for more information!
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