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Mossyland

Frequently Asked Questions

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FAQ Topics

Property Specific Questions

In most cases, the mineral rights were acquired or retained by the original developers many years ago. Unless explicitly mentioned in the specific property listing, Mossy Land does not claim to own or offer mineral rights as part of the sale.
Typically, unless you’re buying from an oil and gas company or a family that has owned the land for over a century, it’s uncommon to receive mineral rights when purchasing property from us or other sellers.

Yes, Mossy Land ensures that all taxes on our properties are kept current throughout the year. We pay the taxes either when we purchase the land or during the relevant tax seasons as additional amounts accrue. Any property with an outstanding balance will be settled and brought up to date at the time of sale.

Property taxes can vary based on the location and specific characteristics of the land. Generally, rural properties like those offered by Mossy Land tend to have lower taxes. The exact amount for each property will be listed on the individual property page or can be provided upon request.

The depth of the water table can vary significantly depending on the location and terrain of the property. While Mossy Land does not have specific water table information for each property, we recommend consulting local well drillers or county resources for more accurate data. They can provide insight into how far you might need to drill to access water on the property.

Each property listing will clearly specify whether utilities are available on the land or how far the nearest utility connections are. This information is typically highlighted either on the listing page or in the headline.

All properties listed on our website are generally suitable for building and development. However, whether you can develop the land according to your specific plans is a different matter.

For details on zoning and permitted uses, we recommend reviewing the individual listing page or contacting the county zoning office directly for more information.

At Mossy Land, we acquire real estate with the intent of reselling it. In the spirit of transparency, we disclose everything we know about each parcel in the listing. All available information is shared, and nothing is with held.

In House Closing Questions

Closing in-house refers to the process where Mossy Land handles the closing of the property sale directly, without involving a third-party title company or escrow agent. This streamlines the transaction, often making it faster and more cost-effective for both the buyer and seller.

After you pay the full amount online, you’ll receive a confirmation email with your receipt. Within 24 hours, we’ll prepare a sale/purchase agreement and send it to you for review. Once you’ve reviewed and signed the agreement, we’ll draft the new deed and any necessary county-specific documentation. These documents will be sent to you for approval. After your approval, we’ll sign, notarize, and send the deed to the county for recording. The county will then mail the recorded deed to you, typically taking about three to four weeks from start to finish before you receive the hard copy of the recorded deed.

The depth of the water table can vary significantly depending on the location and terrain of the proClosing in-house offers a more streamlined process, often resulting in faster transaction times and reduced costs. Since we handle everything directly, there’s no need for third-party involvement, which can sometimes lead to delays and additional fees. This makes the process more efficient and cost-effective for both the buyer and the seller.perty. While Mossy Land does not have specific water table information for each property, we recommend consulting local well drillers or county resources for more accurate data. They can provide insight into how far you might need to drill to access water on the property.

Yes, the in-house closing process is both secure and legally binding. We ensure that all necessary legal steps are followed, including the preparation and recording of the deed with the county. The process is handled by experienced professionals who ensure that all documentation is accurate and complies with legal requirements, providing you with peace of mind.

We recognize that most people might not be comfortable or able to charge several thousand dollars on their credit card at once. The earnest money deposit allows you to initiate the transaction and secure the property without the risk of declined payments or the hassle of contacting your credit card company to authorize a large charge. Once we receive your deposit, we’ll reach out to discuss your preferred method for paying the remaining balance, whether that’s through additional credit card charges, a wire transfer, or a cashier’s check.

In short, the $500 deposit serves as a simple way to start the transaction and shows your commitment to purchasing the property.

After placing the $500 earnest money deposit, you typically have 72 hours to fund the remaining balance on the property. During this time, we’ll work with you to arrange your preferred payment method, whether that’s through additional credit card charges, a wire transfer, or a cashier’s check. If you need more time, please contact us, and we’ll do our best to accommodate your situation.

Title Company Closing Questions

Closing with a title company involves using a third-party professional to handle the finalization of a property sale. The title company conducts a thorough title search to ensure the property is free of liens or legal issues, prepares and manages all necessary documents, and oversees the transfer of funds between the buyer and seller. They also handle the recording of the deed with the county, ensuring that the transaction is legally binding and properly documented. This process provides an additional layer of security and peace of mind for both parties involved in the transaction.

Yes, you can attend the closing in person. However, many title companies also offer remote or virtual closings, allowing you to sign documents electronically and complete the process from anywhere.

Once you place your deposit, you’ll receive a receipt via email. Within 24 hours, we’ll draft a sale/purchase agreement and send it to you for review. After you sign the contract, we’ll submit it to a title company, where they’ll begin the process of investigating the property’s title history and ensuring the land is free of any legal issues. This investigation and title insurance process typically takes between 15 to 30 days.

Once the title company completes their work, they will request the remaining funds from you and a signed deed from us. After we sign and submit the new deed to the title company, they will record the property in your name and release the funds to us.

While closing with a title company offers numerous benefits, such as thorough title searches and secure handling of funds, there are a few potential downsides to consider:

  • Additional Costs: Closing through a title company typically involves extra fees, including title insurance premiums, escrow fees, and administrative charges. These costs can add up and may be higher compared to an in-house closing process.
  • Longer Processing Time: The comprehensive title search and due diligence performed by the title company can extend the closing timeline. This process can take up to 45 days, which may be longer than other closing methods.
  • Less Direct Communication: Involving a third party can sometimes lead to less direct communication between the buyer and seller, potentially causing delays or misunderstandings if not managed properly.

Closing costs generally range between 2% to 5% of the property’s purchase price (Estimate $750 – $1,500 as a general rule of thumb), but the exact amount can vary based on several factors such as location, loan type, and the services required. Here’s a breakdown of common expenses included in closing costs

  • Title Insurance Premium: Protects against future claims or disputes over property ownership.
  • Escrow Fees: Covers the title company’s services in managing the transaction and holding funds until closing.
  • Recording Fees: Charged by the local government to officially record the new property deed and mortgage documents.
  • Loan Origination Fees: Charged by your lender for processing the mortgage application and underwriting.
  • Appraisal and Inspection Fees: Pays for professional assessments of the property’s value and condition.
  • Prepaid Expenses: Includes advance payments for property taxes, homeowners insurance, and mortgage interest.
  • Attorney Fees: If legal services are used during the closing process, their fees will be included here.
  • Survey Fees: Covers the cost of verifying property boundaries and identifying any encroachments or easements.

The title company or your lender will provide a detailed Closing Disclosure at least three days before closing, outlining all the costs involved so you can review and prepare accordingly. It’s also a good idea to discuss these fees early in the process to avoid surprises and ensure transparency.

Financing Questions

Owner financing is a process where the seller of the property provides the financing for the buyer, allowing the buyer to make payments directly to the seller rather than obtaining a traditional mortgage from a bank.

Owner financing can be beneficial for buyers who may not qualify for a traditional mortgage, as it often requires less stringent credit checks. When working with us, we do not require a credit check at all. As long as you can make the initial down payment, you will be qualified for the loan. It can also offer more flexible terms and faster closings since there’s no need to go through a traditional lender.

If you miss a payment on an owner-financed property, Mossy Land provides a 30-day grace period before initiating the default process. During this time, it’s essential to communicate with us and try to make arrangements if you’re facing financial difficulties. If the issue isn’t resolved within the grace period, we may take legal action, which could include repossessing the property.

No, Mossy Land does not conduct credit checks for owner financing. We only require that you can meet the down payment. This makes the process more accessible, focusing on your ability to make the necessary upfront payment rather than your credit history.

Yes, Mossy Land offers the option to pay off the owner financing early without any prepayment penalty. This allows you the flexibility to settle the balance whenever you’re ready without incurring extra fees.

Yes, we charge a $15 monthly loan servicing fee. If your property is financed on a land contract, we also charge a prorated monthly fee for property taxes. Additionally, there is a document preparation fee, which is only a few hundred dollars. Beyond these, there are no other additional costs involved in our owner financing.

Refund Questions

We do not offer refunds.

If we have conveyed a piece of property to you, we trust that it was after you had done the appropriate due diligence required for you to be satisfied with the purchase – whether that be scouting the land, speaking with county officials or getting quotes from local vendors. If you did not elect to take the appropriate measures to confirm the piece of land you purchased was what you wanted and suited to your needs, we will not be responsible for refunding the purchase. 

Additionally, at checkout you are prompted to acknowledge our Terms & Conditions of sale which state, among other things, that all sales are final and no refunds will be afforded. This disclaimer is written at checkout to dissuade people from making impulsive or uninformed decisions.

On the bright side, however, if you have made a mistake with your purchase, you can take comfort in the fact that you now own an asset which you likely bought for below market value. This means you can list the property with a realtor – or even by simply putting ads on Craigslist or Facebook – and resell the land for a profit. Many of the people who purchase from us are professional investors who go on to ‘flip’ their purchases for a profit. In most cases, you can easily do the same.

Company Legitimacy

Yes, Mossy Land is registered with the Texas Secretary of State. To verify our registration and confirm that we operate as a legitimate business entity in Texas, you can follow these detailed steps:

  1. Visit the Texas Secretary of State Website:
    • Go to the official website at https://www.sos.state.tx.us.
  2. Access the Business Filings Section:
    • On the homepage, look for the section titled “Business Services” or “Business Filings.” This is where you can search for registered businesses in Texas.
  3. Search for Mossy Land:
    • In the business search tool, enter “Mossy Land” into the search bar. You may also have the option to search by our entity number if provided.
  4. Review the Registration Details:
    • Once the search results are displayed, you should see Mossy Land listed. Click on the business name to view detailed information, including our registration status, entity type, and any other relevant details.
  5. Confirm the Registration:
    • Verify that the status is listed as “Active” or “In Good Standing.” This confirms that Mossy Land is a registered and legitimate business entity in Texas.
  6. Additional Information:
    • If needed, you can request a copy of the business registration certificate or other official documents directly from the Texas Secretary of State website for further confirmation.

By following these steps, you can independently verify Mossy Land’s registration and ensure you’re dealing with a legitimate and recognized business.

Mossy Land is a legitimate and reputable company with a 5-star rating on the Better Business Bureau (BBB), reflecting our commitment to exceptional service and high ethical standards. To verify our legitimacy and check our BBB reviews, you can follow these detailed steps:

  1. Visit the Better Business Bureau Website:
  2. Access the Business Search Tool:
    • On the BBB homepage, locate the search bar where you can search for businesses. You’ll typically find this under a section labeled “Find a Business” or something similar.
  3. Search for Mossy Land:
    • Enter “Mossy Land” into the search bar and enter Houston, TX as the location. Click the search button to view the results.
  4. Review Our Business Profile:
    • In the search results, find Mossy Land and click on our business name to access our BBB profile. This profile will display our accreditation status, overall rating, and customer reviews.
  5. Check Our BBB Rating and Reviews:
    • On our BBB profile page, you’ll see our 5-star rating prominently displayed, along with detailed reviews from our customers. This rating is a strong indicator of our dedication to providing excellent service and conducting business with integrity.

 

By following these steps, you can verify Mossy Land’s legitimacy and read through the experiences of our satisfied customers, ensuring you are dealing with a trusted and credible company.

You can confirm Mossy Land’s legitimacy by exploring our website, reading through the detailed descriptions and history of our properties, and reviewing the experiences of our previous clients. Additionally, our team is always ready to provide any further information or documentation you might need to feel confident in your purchase. Just give us a call or shoot us an email.

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