If you’ve been wondering “Is Discount Lots legit?”, you’re not alone. Buying land through unconventional methods can raise eyebrows, and it’s smart to investigate before taking the plunge. Having recently gone through the process myself, I can shed light on this question and share what I learned.
How Discount Lots Works
Discount Lots offers a unique way to buy land with low upfront costs. They use a Land Contract or Contract for Deed, where you gain equitable interest in the property immediately but receive the deed once all payments are complete.
Here’s how it played out for me:
- Down Payment: I started with just $1 down and set up easy monthly payments.
- Ownership Transition: After completing all payments, the deed will officially be transferred into my name.
This setup is ideal if you don’t have a large chunk of cash on hand but want to invest in property.
The Purchase Process: Smooth and Transparent
Overall, the process was straightforward and aligned with what they advertised.
- Contract Details: I was provided with a certificate of contract early in the process. While I won’t get the deed until I finish the payments, everything so far feels legitimate.
- Hidden Fees: To my relief, there were no hidden fees. However, I always recommend reading the fine print carefully.
Customer Service: Responsive and Helpful
When I had questions or concerns, the Discount Lots customer service team was easy to reach. They provided clear answers and assistance, which gave me confidence in my decision.
Is Discount Lots Real? My Land Purchase
I bought a .28-acre plot of land in Eloy, Arizona, about 10 minutes from where my camper is parked. Here’s why I chose it:
- Zoning Benefits: The land is zoned as community commercial (C2), offering flexibility for various uses with the right permits.
- Proximity to Family: Its location close to my family added personal value.
That said, I still need to confirm the zoning details to ensure it meets my needs, so I recommend doing the same if you decide to purchase land through Discount Lots.
Pricing and Investment Considerations
- Total Cost: The land will cost me about $14,800 over time. This is higher than what I might pay through a traditional realtor for similar lots (around $7,500).
- No Credit Check: The ability to purchase without a credit check made the higher cost worth it for me.
For those without perfect credit or with limited savings, this can be a fantastic option to consider.
Is Discount Lots a Scam?
Based on my experience, I can confidently say Discount Lots is not a scam. They’ve been in business for several years and have accumulated positive reviews. While their pricing might be higher compared to traditional real estate transactions, their accessibility and flexibility make up for it.
Discount Lots in Florida, Georgia, and California
Discount Lots also offers properties in states like Florida, Georgia, and California, making it possible for buyers across the U.S. to find land that fits their needs. Whether you’re seeking rural land for a homestead or a commercial lot for future business opportunities, they provide diverse options.
Final Thoughts: Should You Use Discount Lots?
If you’re asking, “Is Discount Lots real?”, my answer is yes. For buyers looking for an accessible way to invest in land, especially without significant upfront costs, they’re worth considering.
However, here’s my advice:
- Do Your Research: Verify zoning laws and other land details before purchasing.
- Read the Fine Print: Understand the terms of your land contract.
- Weigh the Costs: The convenience may come at a higher price than traditional methods.
Discount Lots proved to be a solid option for me, and I’m satisfied with my purchase so far. If you’re interested in exploring their offerings, check out their listings in Florida, Georgia, California, or other states they serve.