Frequently Asked Questions
Due to the high volume of questions presented to us, we have compiled the following list of frequently asked questions. You will be happy to learn that we are very open about how everything works. If you have a question that you do not find here, please feel free to contact us!
Q: What is owner financing?
A: Owner financing is the easiest way to buy property; it’s extremely simple. Owner financing is when the owner of a property extends credit to the buyer by accepting monthly payments and holding the deed as collateral until the property is paid for in full. Owner financing is very similar in nature to an auto loan, where the car title is used as collateral.
Q: How do I qualify for owner financing?
A: By paying the down payment you are automatically approved for owner financing through us. We do not do a credit check, verify income, or check references. In fact, the only information we need is your name, address, and phone number; it's really that simple.
Q: Do you have a pre-payment penalty or balloon payment?
A: We do not have a pre-payment penalty or balloon payment and we never will, because we believe they are too confusing and tricky. We do all we can to keep the buying process very simple and straightforward and we don't have any fine print. If you have any questions, please feel free to give us a call anytime.
Q: What is a documentation fee?
A: A documentation fee is a fee that we charge to cover our costs in documenting your purchase, notorizing the sale, generating the invoices for your monthly payments, and mailing your welcome kit to you.
Q: What interest rate do you charge?
A: Our interest rate is a fixed rate of only 9% for all of our properties. Many other companies charge much higher interest rates and add on many additional charges. We keep it simple by charging a fixed interest rate.
Q: Can I resell the properties I buy from you?
A: Yes, we sell to many individuals who turn around and sell our properties to others for a profit. With this type of investment opportunity we fully expect you to in turn sell your purchased property to either another investor or to a consumer.
Q: How much down payment do you require?
A: You get to choose! We are willing to work with you on your down payment. We have made sales with down payments as low as $10 before. The thing to remember is that the lower your down payment, the higher your monthly payment will me. Feel free to use our payment calculator on the Financing page to find what works best for you.
Q: When do I get the deed to my property?
A: If you pay in full for the property, you will usually get your deed in 2-3 weeks. However, if you are financing your property with us, your deed will be used at collateral until the balance of the loan is paid off. Once the loan is paid in full, your deed will be delivered in about 2-3 weeks.
Q: What is a Warranty Deed?
A: A deed in which the grantor (Grave Investment) warrants, or guarantees, the title against defects against the property. In real estate transactions, warranty deed is a promise that the buyer's title to a parcel of land will be defended.
Q: Do you have photos of the properties?
A: We purchase property in bulk from many different sources. Unfortunately, it would be impossible for us to offer this service due to the fact that it would add to our costs and therefore add to the sale price of the property.
Q: What is due diligence?
A: Due diligence is the research you, as the buyer, complete prior to making a bid. This includes questions to the county where the property is located, questions to us, and/or visiting the land. We strongly encourage you to feel comfortable about your knowledge of the property before buying.
Q: How much are closing costs?
A: A $50 documentation fee is it! Our goal is to offer cemetery plots at prices that are affordable to all and one of the ways we accomplish this is by not charging you any additional costs (transfer tax, recording fees, commissions, etc.). We charge a simple one time documentation fee to cover all of our costs in preparing and delivering the sales documents to you. We apply 100% of your down payment toward the purchase price.
Q: Are you a real estate broker or Realtor?
A: Brokers and Realtors are people who sell real estate which belongs to others and they earn a commission from the sale. We own all of the properties we sell and are not required to be licensed. And since we sell directly to the public, there are no commissions, points, or fees; allowing us to sell our properties for a lower price.
Q: How does the finance process work?
A: Once we receive your down payment we will mark your property as "SALE PENDING" on our website and then mail you a land sale agreement to sign and mail back to us; it should arrive in the mail in about 3-5 business days. After you receive the paperwork, just sign it and mail it back in the enclosed self address stamped envelope and the property is all yours. Once we receive the signed sale agreement from you in the mail we will mark your property as "SOLD" on our website and we will mail you a welcome packet with all your account information, payment schedule, payment coupons, and certificate of ownership.
- LIFETIME FREE AND CLEAR TITLE GUARANTEE
We guarantee that the title to the property we sell you will be free of liens, judgments, or any defects. We guarantee this by giving you a free and clear Warranty Deed when you pay off your land.
- American Express
- Money Order
- Cashiers Check
- Personal Check