You should never pay for land under terms you haven’t seen. After your down payment, we send the full purchase package for electronic signature via OpenSign — and nothing is binding until you have read and signed it. This page walks through, in plain English, exactly what is in that package, so you know the terms before you pay a dollar. And if you sign and change your mind, the 90-Day Satisfaction Guarantee applies from the day of your down payment.
The package: three documents
Every owner-financed purchase uses the same three documents, filled in with your parcel’s numbers:
- Agreement for the Sale and Purchase of Real Estate — who is buying, who is selling, which parcel (identified by its APN and legal description), and at what price.
- Land Sale Contract — the owner-financing engine: your payment schedule, who holds title while you pay, taxes, and what happens if a payment is missed.
- Promissory Note — your written promise to pay: the amount financed, the 0% interest rate, the monthly amount, and the late-payment rules.
The money terms, with a real example
Using our 0.35-acre lot near Crown Lake as the example (every parcel page shows its own numbers):
- Cash: $2,499, and the deed transfers to you right away.
- Owner-financed: $210 down + $250 one-time document fee at signing, then $105 a month for 36 months — $4,240 total. The difference versus cash is the cost of financing without a bank or a credit check, and it is printed in the documents, not hidden.
- 0% interest, no prepayment penalty: the Note is written at 0% per annum, and you may pay off the balance early, in whole or in part, at any time. Your monthly payment includes a small note-servicing fee and an estimated property-tax amount, both stated in your contract.
Who owns the land while you pay
On a cash purchase, the Warranty Deed is prepared, recorded with Izard County, and delivered to you — you are the owner of record from the start. On an owner-financed purchase, YAI LLC holds the title while you make payments (this is a standard land installment contract). When your final payment clears, we deliver a Warranty Deed — the strongest common deed type — and record the transfer with the county within the window stated in the contract (30 days). During the term, YAI remains the owner of record and handles the county tax bill; the estimated tax amount is built into your monthly payment.
If a payment is missed — the exact ladder
The contract spells out every step, in this order:
- Days 1–5 after the due date: a grace period. No fee, no consequence.
- After 5 days: a flat $50 late fee is added.
- 35 days past due: you receive written notice of default by email, and a 30-day window to bring payments current.
- Only if the default is not cured: the contract permits YAI to terminate and retake the property, with amounts paid retained. The Note also permits a default interest rate (five percentage points) at the lender’s option.
In practice, we pick up the phone first. If you are having trouble paying, contact us before the deadline — we would rather work out a solution than terminate.
The guarantee, in the documents
The 90-Day Satisfaction Guarantee is part of the deal: if you are not satisfied for any reason within 90 days of your down payment, you may request an exchange for another parcel or a refund — returned less the $250 document fee, closing costs actually incurred, and payment-processing fees. Visiting the property is recommended but is not a condition of the guarantee. Full terms: Refund Policy.
Sold AS-IS — do your checks first
The property is sold as-is, and the documents state that you have done your own due diligence. That is exactly why every parcel page publishes the APN, a map link, the county tax bill, and the recorded build minimum — and why our due-diligence checklist shows you how to verify everything yourself, for free, before you pay.
This page is a plain-English summary for your convenience. The signed documents are the entire agreement — if anything here differs from your signed contract, the signed contract controls. See also our Terms and Disclosures.