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In short, YES. We strongly recommend that you inspect the property before buying. You should also check with the county on the zoning and approved uses of the property. Particularly, the County Planning and Zoning Department will also be able to tell you about the current and future development plans for the area. While we will do our best to tell you everything we know about each property, nothing replaces the value of doing your own research and due diligence.
Currently, we only purchase properties from private parties and DO NOT engage in purchasing through tax sales or foreclosure sales. All properties are bought with WARRANTY DEEDS. Basically, we acquire beautiful quality properties and then offer them to you at bargain prices.
Unless otherwise stated, all properties sold on wonderlandbnb.com are the property of wonderlandbnb.com which is owned and operated by Wonderland Stays, LLC a Real Estate Investment Company. The only exceptions are the classified listings that are clearly labeled as such.
We make no guarantees concerning mineral rights or the lack thereof. If we are aware of the lack of mineral rights, disclosure will be made in the disclosure statement of each of the properties. However, buyers should do their own research to find out if the property has mineral rights or lack thereof.
We guarantee that the property is free and clear of any governmental or private liens or encumbrances other than recurring assessments or bonds. Basically we guarantee that at the point of ownership transfer from them to you, the property is free and clear and has a marketable title.
No, all properties we sell come with a marketable free and clear title.
Because we offer to finance the property for you there isn't any formal qualifying process, meaning you really don’t need much. We just ask for a valid form of identification as well as the funds necessary to pay your down payment. The down payment is due the moment you choose to purchase a property.
Once a sign contract is in place you cannot back out. All sales are final so please make sure you do your research and due diligence before you purchase one of the properties on our website. Please also remember that you will need to have the down payment for the property purchase at the time of purchase.
There is a one time document fee of $144.00 for each property purchased. This fee covers eventual document transfer fees charged by the respective counties, a recording fee of the Sale Agreement, as well as the setup cost for the loan servicing. A monthly loan servicing fee of $8.00 will also be included to cover the cost of maintaining the loan account by the loan-servicing agency.
The Down-Payment can also be in the form of a Credit Card (Master Card, VISA, AMEX, and DISCOVERY). The monthly installment payments can be made using personal checks or any of the previously stated forms of payments.
Payment in full can also be in the form of a Credit Card (Master Card, VISA, AMEX, and DISCOVERY).
If the $$ amount for the Down-Payment is larger than what is required the monthly payment will be reduced (minimum monthly payment is $60.00). The length (=time to pay-off) of the loan will stay the same.
NO, you don’t need to qualify for financing. We see it as our mission to make property ownership affordable for as many people as possible. Therefore, we do not require formal qualifications. It is very simple, you want to buy a piece of land and we want to sell it to you. That’s it. We do however, perform a check against a database in order to see if you have an IRS lien against you. This would be the ONLY disqualifying reason for the simple reason that IRS liens attach themselves to the property like glue. Other than that we do not look at your credit at all. We do not look at your credit score and even bankruptcies are fine.
The length of the loan (time to pay-off) depends on the purchase price.
The following rules apply:
If the purchase price$1 – $1,000: Must be paid in full at time of purchase
$1,001 – $4,999: Can be financed for up to 3 years (= 36 months)
$5,000 – $9,999: Can be financed for up to 5 years (= 60 months)
$10,000 – $19,999: Can be financed for up to 8 years (= 96 months)
$20,000 – $29,999: Can be financed for up to 10 years (= 120 months)
$30,000 – $39,999: Can be financed for up to 12 years (= 144 months)
$40,000 – $59,999: Can be financed for up to 14 years (= 168 months)
$60,000 +: Can be financed for up to 15 years (= 180 months)
You most certainly can!
No. You can pay off your property at any time with no pre-payment penalty whatsoever. Just email us at any time and we will let you know your pay-off amount.
When purchasing a parcel of land with us we will both sign a Sale Agreement/Contract for Deed which lays out all the terms of the transaction including the sale price, down payment, monthly payments, interest rate, cost of loan, and all the details commonly in such a document. Once we both sign this document we will, upon request record the original of this document with the County Recorder/Clerk where the property is located.
Recording the Sale Agreement/Contract for Deed gives you full security and puts you in a clear ownership position. For example, it makes it easy for you to sell the property again.
Once a property purchased through wonderlandbnb.com is paid off, transfer of title occurs exclusively using Special Warranty Deeds (Grant Deeds in California). This form of deed gives you, the valued customer, one of the highest levels of protection.
Once you pay for a property in full, your title to the property will be conveyed via Special Warranty Deed within thirty (30) business days. If a loan was paid off, the Loan Servicing agency will inform the seller of such pay-off. In case of a cash sale, loan servicing agency will inform the seller that a cash sale has occurred. In both cases, the seller commits to signing all paperwork necessary to transfer ownership and deliver a Special Warranty deed to the recorder/clerk of the county the property is located. In addition you will receive copies of the notarized deed via mail so you can have proof that the seller has issued the deed to you. After the recording of the original Warranty deed is completed the county recorder/clerk will then return it directly to you. Depending on the County it may take 4-14 weeks (depending on the county) for the county recorder/clerk to mail the recorded deed back to you.
Here are some helpful hints on how to find properties for sale. For each property listed on our website we have provided links to help you find the properties and determine the approximate geographical location. A link to www.maps.google.com, a link showing the topographical map of the property, a link to the aerial picture of the property location, and often a link to the County / Assessor’s Parcel Map for each property . Furthermore, these maps also list the latitude / longitude parameters for each property in case you have a GPS system available.
Here are 2 scenarios helpful in finding the properties of your choice:
1. The property has a Street address.
If this is the case finding the property is very simple. Go online to www.mapquest.com or maps.yahoo.com and enter the street name and the city/town name. If available, enter the zip code and the approximate property location will appear. You will be able to zoom in or out at your convenience until you can clearly tell where the property is located, relative to its surroundings. Once you identify the approximate location of the property you can then compare the detailed view of the property location (from www.mapquest.com) with the plat map (available for each of the properties on www.Sunnyland.com).
2. If the property is in an area with no street signs.
In this case, we recommend you print out the detailed Topographical map available through the “TOPO MAP” link for each property or by purchasing a good topographical mapping software such as www.delorme.com. If possible, we also strongly recommend the use of a GPS (Global Positioning System) to help you find the property location. Basic handheld GPS systems can be purchased inexpensively at any major electronic store. Ideally, such a GPS device can be connected to a laptop or handheld device running any of the major mapping software and you will have a fully functioning multi-color interactive GPS system. In such a system, you can now enter the Latitude/Longitude measurements provided by us for each property and it should be very easy to find the exact property location. This combination is useful for very large properties that are not located in a subdivision because the plat maps do not really show much of the surroundings and it would be easy to miss the property otherwise.
Understanding the Parcel number system.
Most counties in most states have a very explicit numbering system, to identify the individual parcels and its location in the county. Those numbers in many cases also serve as identifiers for property tax collection purposes. In Arizona, the Assessor Parcel Number (also called APN) is the single most important identifier of a property. It consists of three pairs of numbers XXX-XX-XXX and sometimes also XXX-XX-XXXX (in this latter case the last number is usually a letter). The three parts of each parcel number represent the Assessor’s Book, the Page, and the Parcel. For example: parcel number 503-90-664B means that this property is mapped in the Assessor’s Book number 503, on Page 90, and it is parcel 664B on that page. In California, the numbering is similar only that there is a slight difference between the Assessor’s Parcel number and the Assessor’s Tax number (in Arizona the same number is used for both). So in order to find a property on a parcel map, just look for the last set of numbers on the parcel number and find it in the parcel map we have attached to each property listing. For your convenience, on each parcel map, we have identified the parcel to be sold at the auction, we will issue the Warranty deed within 10 business days from the day of the auction.
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