BUY OR HOLD
This plot is part of the existing Tierra Grande subdivision, which has some 1,900 other lots. The subdivision is accessible from multiple highways, including Interstate 25, New Mexico Highway 47 and U.S. Highway 60 (which runs through Tierra Grande).
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt, U.S. president
The area is zoned for single family residential and residents are allowed to keep 2 horses per 5 acres. Homes in the area sell for an average price of about $114,000, so building a house is a great way to increase the value of this lot.
“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” – Andrew Carnegie, billionaire industrialist
The parcel is located within the Tierra Grande Improvement Association. Please contact Tierra Grande for more information on their rules and regulations on building and land use.
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$1 down + $299 doc fee
and $199/month for 30 months.
0% APR. No prepayment penalty. No credit check.
For $25 we can hold the property for you for 2 days while you decide whether you want to purchase. If you buy the property, this will count toward the purchase price. You can also hold the property up to 8 days.
BUY OR HOLD
Tierra Grande is a subdivision within Valencia County, New Mexico. As part of your purchase of this lot, you will buy into 14,000 acres of permanent open space, conserved and maintained by the Tierra Grande Improvement Association. The area also borders the Manzano Mountains, which has many trails for hiking, backpacking and horseback riding. The area is known for the beauty of its night sky, which has been declared by New Mexico as one of the state’s Most Endangered Cultural Resources.
“Don’t wait to buy real estate. Buy real estate and wait.” – Will Rogers, actor
Belen is only 17 minutes away from Tierra Grande and is geographically at the center of New Mexico. There is a commuter railroad to Albuquerque and Santa Fe in Belen and several festivals throughout the year. The total population is around 7,000. Property values in Belen and Valencia County are likely to see a boost due to the upcoming construction of a Facebook data center in Los Lunas (15 minutes outside of Belen and 30 minutes from Tierra Grande). In addition, Los Lunas was recently awarded a federal grant to build water infrastructure out to its new BNSF Central Rail Park. The construction of the rail park and its attendant infrastructure should bring lots of jobs to the area.
|Assessor's Parcel Number||Z39-72A-0168|
|Legal Description||Unit 18 Block 10 Lot 7 of Tierra Grande|
|GPS Center Coordinates (Approx.)||34.4813, -106.6193|
|GPS Boundary Coordinates (Approx.)||34.4819,-106.6192; 34.4814,-106.6181; 34.4805,-106.6187; 34.4813,-106.6204; 34.4817,-106.6201; 34.4818,-106.6201; 34.4818,-106.6200; 34.4819,-106.6200; 34.4819,-106.6199; 34.4819,-106.6198; 34.4819,-106.6198; 34.4820,-106.6197; 34.4820,-106.6196; 34.4820,-106.6195; 34.4820,-106.6195; 34.4820,-106.6194; 34.4819,-106.6193; 34.4819,-106.6192;|
|Time Limit To Build||None as far as we are aware|
|Power||There is access to power, but you will need to pay for a connection to the lot. Contact Socorro Electric Cooperative, (575) 838-6420 or NM toll free 1-800-351-7575.|
|Water||A well would need to be installed.|
|Sewer||A septic system would need to be installed. Please note that a perc test has not been done.|
|Official Contacts||Please contact Socorro County.|
|RVs Allowed?||We recommend that you contact Tierra Grande to confirm, but, according our research, RVs are not allowed.|
|Buildable?||Yes, you can build on this lot. Please contact the Tierra Grande Improvement Association for more information on building regulations. All construction in Tierra Grande must go through the Improvement Association's Architectural Control process first before going to the County or State. All information on this process can be found on this web page along with the forms and contact information for permits for Valencia County and the NM State Construction Industries Division. Please note that mobile and manufactured homes are not allowed on the lot.|
|Survey Available?||No, we have not had a survey commissioned, but if you would like to pay for a survey we would be happy to work with your chosen surveyor.|
|In HOA?||Tierra Grande Improvement Association|
Q. Are there restrictions on what I can do with the property during the owner financing term?
A. Yes. You cannot build or live on the property until the end of the loan term when the title is transferred over to you. However, you are able to use the property for recreational purposes and make minor improvements (such as clearing, grading, fencing) so long as you are in compliance with all the local rules & regulations. You'll also need written permission from the HOA authority if the property is in an active HOA.
Q. Can I build whatever I want on this property after the title has been transferred over to me?
A. What you can or cannot build legally on this land is controlled by the local government. Please contact the county and/or HOA, and provide them with the parcel number to confirm what you can or cannot build on the property.
Q. Can I visit the property?
A. Of course! Please feel free to visit the property at any time. There is no need to make an appointment with us. Please note we own all the lots we sell and we are not real estate agents. Since we are based out of New York, and own lots all over the U.S., we won’t be able to meet you at the lot.
Q. Does the property have an address?
A. Most of the properties we sell are rural and vacant, which means they usually don't have an address unless specifically mentioned in the listing page. Please call the county for the procedure to assign an address to the lot, if interested.
Q. Has the property been surveyed?
A. No, we have not had a survey commissioned, but if you would like to pay for a survey we would be happy to work with your chosen surveyor.
Q. Can I park an RV on the property?
A. Some counties allow you to park an RV on a temporary basis only, others require you to install a septic system first. If the property is in an HOA, RVs may not be allowed at all. Please contact the county and/or HOA to confirm.
Q. Are the property taxes up to date?
A. We pay all tax bills as soon as we receive them, but you can always check with the County Treasurer to verify that the taxes are current.
Q. Has a title search been done?
A. We usually do our own in-house due diligence before purchasing a property. Depending on the chain of title, we may or may not purchase a title search or title insurance when we buy a lot. With that said, we would never buy a property with a known title issue or lien. We recommend you hire a title company to perform a title search and obtain title insurance before buying any property.
Q. How does the closing process work if I choose to close directly with you?
A. Please fill out the Buy Or Hold form to get the process started. Through this link, you will be able to pay either the down payment plus the doc fee (owner financing) or the cash discount doc fee (cash). Once a payment is made, the automated system will generate the loan documents (owner financing) or purchase agreement (cash) for you to sign. If you purchase with cash, we will follow-up with an email that gives you instructions on how to pay the full purchase price. Once the full payment is made, we will draft and record the deed transferring title to you.
Q. Do you work with title companies?
A. Yes, we are always happy to work with the title company of your choosing at buyer’s expense. Please have them reach out to us directly to get the process started.
Q. How does the seller financing work?
A. With owner financing, we will sign a land contract that gives you legal right to use the property; however, you won’t be able to pull any building permits during the loan term. Once the down payment and doc fees are paid, we will send you a link to our third party loan servicing software, where you will make monthly payments for the length of the loan term. After the loan is paid in full, we will then transfer the title to you.
Q. What kind of deed will I receive?
A. If you close directly with us, you'll receive a special warranty deed, which means we are guaranteeing that the property wasn't encumbered during the time of our ownership. If you close through a title company with title insurance, you'll most likely receive a warranty deed.
Q. How many people/entities can be included on the deed?
A. You can have as many people/entities listed on the deed as you would like.
Q. Can the deed be made out to an LLC?
A. Yes, the deed can be made out to an LLC or a corporation.
Q. Does the property come with mineral rights?
A. We buy all of our properties assuming that we only have the surface rights. In order to determine whether a particular property has mineral rights, you will usually need to hire a title company to specifically run a mineral rights search going all the way back to the original homestead.
Q. How do you deal with the transfer of title?
A. We will draft and record the deed transferring title to you as soon as the full purchase price is paid. You may also elect to hire a title company to handle the deed transfer, but this will be at buyer's expense.
Q. What are the benefits of purchasing with cash over seller financing?
A. We generally recommend that you purchase with cash so you can take advantage of the cash discount price and never have to worry you will lose the property in a default. Having said this, we understand that it can be hard to put together the funds to purchase a property outright. This is why we do try to offer the most accessible owner financing possible. We do not run a credit check or have an application process; however, because of this, we do not record the land contract with the county. Please also note that a $9 monthly servicing fee will be added to each monthly payment, which is passed on to us from our third-party loan servicing software. This is on top of the principal.
Q. What is a legal description (or metes and bounds)?
A. Please check out this blog post on legal descriptions. It explains all about the different kinds of legal descriptions that go in deeds.
Q. Can I buy property from you if I’m not a US citizen?
A. Yes! The process is exactly the same for U.S. and non-U.S. citizens. Simply fill out the Buy Or Hold form to get the process started.
“Buying real estate is not only the best way, the quickest way, the safest way, but the only way to become wealthy.” – Marshall Field, entrepreneur
We completed an extensive due diligence process on this lot, but we recommend you do your own research as well. Take the time to get to know your new property before purchasing – it could remain in your family for generations!
BUY OR HOLD
Our mission is to offer high quality properties at reasonable prices, provide maximum transparency and always strive to do the right thing.
Note: this video is of the subdivision and not of the property. We have provided it to give a general sense of the landscape.
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