Unakite Properties

Frequently Asked Questions:

Question: Do you use title companies at closing?

Answer: Yes. Since we buy land nationwide, we work with title companies from many different states. This means that if your property is in Michigan, your closing will be with a title company located in Michigan, because each state has their own rules. Under certain circumstances, we may close with a local notary public. Either way, the seller is guaranteed to be paid at closing.

Question: How do you determine the cash offer for each property?

Answer: We carefully evaluate each property, make best effort to find relevant information on the property and accordingly calculate a cash offer based on some of the following key criteria:

• Location: This is a major consideration in determining the property’s value. We look at comparable properties in the area to calculate a fair market value.

• Property Size is one of the determining factors, however, size alone is NOT the only factor.

• Availability of utilities: Water, sewer, electric close by.

• Road Access: Legal, paved or dirt road or any other form of access to the property that may exist.

• Market conditions: We look at the level of demand in the property’s state, county, city, and even subdivision to evaluate the level of demand. This helps us determine a fair price, as well as the amount of marketing resources we’ll need to complete the transaction in case of a re-sell of the property.

Question: Do you pay fair prices for land?

Answer: Yes. We make fair offers that are a win-win for both parties. Real estate agents may offer to list your property for more money, but our wholesale offers provide a number of benefits that agents can’t:

• NO Commissions: At Unakite Properties, our offers are net offers with no hidden costs. REALTORS® charge up to 10% in commissions for vacant land, but we charge no commission fees.

• NO Administrative Costs: We pay all administrative and closing costs, and most existing liens. Real estate agents will likely offer to list your property for more money, but our offers come with no hidden costs.

• NO Long Waiting Times: we usually close relatively quickly since we are paying in cash and buying the property directly. This can save you significant money by cutting the amount of time in which you must pay taxes and HOA/POA fees (if any). Plus, we make your life easier by completing the transaction quickly and getting you off the burden of property ownership.

Keep in mind that land is very different from the housing market. The land market can move very slowly when going the traditional way with a REALTOR®, as the process often takes several months or longer! At Unakite, we can close on the property much faster, which is ideal for owners who don’t want a long, drawn out process. Our offers are free of obligation.

Question: How do you complete the transfer of real estate ownership?

Answer: Most of the time, transferring property is facilitated through deed work signed by the owner. A deed transfers ownership and assures the new owner that the seller holds good title to the property.