1.5- Acre on Paved Frontage north of Wing, Alabama

Lease-Option or Rent-To-Own Will Finance!

Low monthly Payments Help You Become a Homestead Owner

Build your custom home, Set up a Modular Home, or Bring a Mobile Home

Low $100 per month for your very own Homestead Land

Rent Monies Count Towards Purchase Price

Save Money on Your Land and Put the Savings Towards Your Home On Your Land

 Land Sold As-Is

View from East towards West on North side of Parcel

View from West Side towards East

Aerial Parcel Location

Plot Map of Cawthon-Stokes Addition to Falco

1.5 acre parcel for sale is to the left (west) of County Rd 11,

This "West Cawthon Parcel A-B" is 11⁄2 acres of land on a paved road, suitable for garden or future homesite. Plot is located north of Wing, Alabama, zip code 36483, three miles north of the Florida state line. 


Why Rent-to-Own?
When you Rent-To-Own your land, you save money for your home.  No big down payment or credit qualification is needed.  You can purchase the land and pay off the balance at any time.

Financial: 
This is a Rent-To-Own project.  Monthly Rent-to-Own payments are only $100.00 per month;  your payments count 100% towards the purchase price of $4,800.  You do not need bank approval or even a certain credit score.  Security deposit, all rent payments, and your option fee count towards your purchase price. Low monthly payments, low purchase price.  No obligation to buy. 
 
Location:
Wing, Alabama. Triangular parcel on west side of County Road 11 at Avery Balkom Road. 
(Description: Cawthon-Stokes Addition to Falco, Blocks A & B west of County Road 11, Wing, AL 36483). 


Property Details:
Triangular parcel of approximately 64,038 square feet, has  approximately 565 ft. frontage on County Road 11, north of Wing, Alabama, in Covington County.  Refer to map photos. 
Mixed hardwood & softwood trees on the lightly-forested land. 
Rear (west) side of property is the old (dirt) Falco Road, now grown over, with a pecan grove on the other side of the old road.  The total parcel is approximately 1.5 acres, and the map shows that this parcel was designed for several homesite plots.  There are a lot of individual lots for sale, as well as this 1.5 acre piece.

This property is sold "AS IS, WHERE IS"  with any and all defects, flaws, and benefits.  This property has a free and clear title, and there are no liens or encumbrances attached to the property.  Property has not been surveyed; boundaries are estimated based on platbook map. 


Utilities and fees:  Electricity and city water services can be connected at the paved frontage.  You would have to pay to connect to these if you wanted to live on the land.  The 6" water main with a fire hydrant is on the paved road.
Overhead electric power is supplied by Covington Electric Cooperative.
Buyer is responsible for property taxes to be paid in October (approximately $5.00 on this as raw land) and liability insurance during the rental period.
Buyer is responsible to pay the legal filing fees  ($100).
There are no Property Owners Association or Home Owners Association dues in this location.


The non-refundable Option Fee will be credited 100% towards the $4,800 purchase price of the land. The option fee is not a down payment; it secures your right or option to buy the land at the stated price at any time during the rental period. 

Why is this important for you? 
    Because it keeps me from raising the purchase price on the land while you have an option to buy. 
Why is it  non-refundable?
    Because I won't sell or rent the land to anyone else while you are renting it.
 
After you pay the option fee and filing costs, your monthly payments are $100.00 until the property is completely paid for.  There is no penalty for paying off the purchase early. BUT, if you miss or are late with a payment, you break the rental agreement and the rent-to-own agreement and you lose your right to buy the land at the original price. The option contract can be renewed each year.

The total purchase price of this property is $4800 + $100 transfer fee.  There is no pre-pay penalty, and you can pay off the total balance due at any time. 
If you decide to purchase the land, additional closing costs will include Deed recording, Conveyance fee, Closing fee, Document Preparation fee, and Prorated taxes for the rest of the year.  An official survey is optional.

Owner financing and rent-to-own is perfectly legal in the USA, and this is a legitimate and binding transaction.  


Review the Rental Agreement and the Rent-to-Own Option Agreement.  

==========================
How Does This Rent-to-Own Work?
I have a nice piece of land on a paved road that I want to sell to good people who will be good community members.  The price on the land is $4800.00 + a filing fee of $100.

In my rent-to-own process:
1. You (the buyer), read the rental and rent-to-own agreements and agree to comply with terms of the agreements.

2. The "option fee" gives you (the renter and the buyer), the right to pay off the rest of the purchase price ($4800 minus the option fee) in monthly payments of $100.  Because the option fee reserves for you the right to buy the land for a fixed total price and at fixed monthly payments, it is non-refundable.

3. You and I will sign the standard rental agreement and the Rent-to-Own agreement.

4. When I receive:
a. the signed agreements, and
b. the non-refundable payment of the option fee, and
c. the non-refundable payment of the filing fee of $100, and
d. the first month's rent of $100, then
you will be given access to the land to hold, to farm, to garden, or to use for a homesite.

5. You make monthly payments of $100, payable on the first day of each and every month. These must be paid on time.

6. You pay off the balance of the purchase price ($4800 minus the option fee and minus all on-time rental payments) and the land is yours!  Closing and transfer of title can be handled through the mail; you do not have to be present to close on this title or to receive full and legal ownership.

===========================
Examples:

If your option fee is $2000,  we sign the rental and rent-to-own contracts, you pay the non-refundable option fee of $2000 plus the filing fee of $100, and you will owe a balance of $2,800. 
You can pay it with 28 payments of $100 per month, and the property is yours.

If your option fee is $1000, we sign the rental and rent-to-own contracts, you pay the non-refundable option fee of $1000 plus the filing fee of $100, and you will owe a balance of $3,800. 
You can pay it with 38 monthly payments of $100 per month, and the property is yours.

If your option fee is $500, we sign the rental and rent-to-own contracts, you pay the non-refundable option fee of $500 plus filing fee of $100, and you will owe a balance of $4,300. 
You can pay it with 43 payments of $100 per month, and the property is yours.

Other examples:
If your option fee is $500, we sign the rental and rent-to-own contracts, you pay the non-refundable option fee of $500 plus filing fee of $100, and you will owe a balance of $3,800. You pay four monthly payments of $100 each.
     But, you are transferred to another job and you stop paying your rent-to-own monthly payments.  Your contract ends, and you can move on to your new life.  Unfortunately, you will have lost your right to buy the property at $4,800, and you will not be entitled to a refund.  However, you also will not have to be concerned with having a large sum of your money tied up in property you no longer want.

If your option fee is $500, you sign the rental and rent-to-own contracts, you pay the option fee of $500 plus the filing fee of $100, and you will owe a balance of $3,800. You pay four monthly payments of $100 each and owe a balance of $3,400. 
Then, maybe you get a bonus check, so you pay me the full balance of $3,400. 
There is NO pre-pay penalty for early completion of payments! You are now the owner of the property!

==========================

Why Rent-to-Own?
Why would I (the seller) sell this property as Rent-to-Own instead of selling it for cash all at once?
Answer:  This is a great site for a home or a large garden.  And, it can be bought for cash all-at-once or in several payments.

But, many good tenants cannot afford to buy land and also to buy or build a home.  By offering to you a Rent-to-Own option, I can make my land available to good people, like you, who only want a piece of land and have a temporary credit or cash limit that keeps you from buying a home with a large plot of land.  You can build a frame house or bring in a modular or mobile home or a 5th wheel trailer.  You can even work with me to finance your home!

What Credit Score Do You Need?
Answer:  Your credit score is unimportant to me because I know that accidents and financial problems happen to most of us, and I am far more interested in getting a good tenant-buyer into our community than in making money quickly.  I do ask for basic information to find out if you have problems with paying bills on time.  This is called a background check and is not a Credit Score check.  I want a good tenant who pays bills on time, because I have found that if a tenant does not always pay bills on time, they are not likely to be a peaceful and helpful member of my community.  That is why I offer Rent-to-Own, but do not do rentals only.  I want tenant-buyers in my community, not only enters.


Downloads:
Rental agreement and Rent-to-Own Option agreements.


Local Land Prices to Compare.  The latest local land to sell was a 100 acre piece at $1750/acre.  A 40-acre piece sold at $2,000/acre, but had no public utilities or paved access.

Why am I selling this property?  This land is large enough to put a house on, or a large garden, but I do not want to live here or put a garden in this location.  It is a nice location, but I do not want to keep it.


Why Buy From Me?
I have excellent eBay feedback, with 12 positive feedback comments in the past year and zero neutral or negative feedback comments. 

Examples:
"" A TRULY PHENOMINAL E-BAY SELLER AND EXTREMELY WONDERFUL PEOPLE. THANK YOU""

"Thank you for an easy, pleasant transaction. Excellent buyer. A++++++."

"Great transaction!"

"****SUPER HALF.COM CUSTOMER*****"


What about You? 
You must be serious about buying this property, and are ready to pay a serious option fee and transfer cost upfront, and then follow through with your $100/month rental payments until the property is completely paid for. 
If you are not ready to make that commitment, please do not bid on this auction.

Think ahead.  If you might place a bid and then hesitate because you think you may have made a mistake, then please, do not bid on this auction.

You are buying this property "As Is, Where Is." 

Due Diligence
Do all of your homework (Due Diligence) before you place your bid. 

Rental Agreement and Rent-to-Own Option Agreements are downloadable.
Agree with the Rental Agreement before you place your bid.
Agree with the Rent-to-Own Agreement before you place your bid.
Ask your questions before you place your bid.
Your Option Fee and $400 transfer fee are non-refundable, and must be received within 48 hours (2 days) of the end of this auction.  If you cannot pay these immediately after the auction ends, please do not bid on this auction.

You are bidding on the Option Fee only. 
The balance of the Total Purchase Price of $4,800, minus your winning bid for the Option Fee, will be paid in monthly payments of $100.00.

This property is raw land, meaning there are trees and brush on the land, and no improvements. 
There is no electrical connection on this property. 
There is no water connection on this property. 
There is no house on this property. 
There is no septic tank or sewerage connection on this property. 
There is no beach on this property.

But, you are only one hour from the beaches at Fort Walton Beach or Navarre, Florida.  You are close to Eglin Air Force Base, Whiting Field, Pensacole NAS, etc.  By living in Alabama, you have low property taxes, low income taxes, and low cost of living.  You are very near the outstanding Conecuh National Forest, with deer, turkey, quail, big fish, little fish, and squirrels. 

Googlemap of This Parcel.

Parcel is 235 feet wide at the widest point, and 545 feet long (running north to south on this plot map) on the west side of the parcel, to the south side of the old Falco Road.  Paved frontage on County Road 11 is approximately 565 feet long (running diagonally from lower right to upper left).  Official survey has not been done.  Property boundaries are estimated from PlatBook.


Final note: 
Your bid commits you to accept the binding rent-to-own and rental contracts, enforceable in a court of law, on the real estate described in this auction.  eBay posts a statement in all real estate auctions stating that this is not a binding contract.  I remind you that if you are the winning bidder, and if you default on your bid, we have the right to take legal and/or collection action to collect the amount of your bid + any costs and any fees incurred by us, including costs of collection and/or damages.  Jurisdiction for any dispute resides in Covington County, Alabama.  If you bid, you acknowledge that you have completed all your due diligence, and that you understand that your bid is a contract to purchase, within the time limit imposed by this auction, and that you agree to complete your purchase promptly according to the terms contained in this auction description if you are the winning bidder.

For other properties for sale, see: Heart of Dixie Real Estate
I plan to put my "McLelland Farm" of 58 acres on eBay in the near future.  It is marked into 6 smaller parcels.  It is also about 3 miles from the Florida state line.  For photos and descriptions, see the website.

One other special set of properties are the 180 acres at the headwaters of the Blackwater River, which empties into Escambia Bay at Pensacola.  The "Wolf Bay Thicket" is a natural swamp and has been protected from development and pollution.  This rare piece of property has been in my family for many years and we have tried to interest conservation groups in it, to protect for future generations.  No success so far.  Rare pitcher plants, alligators, and other swamp-loving creatures fill up this beautiful site. It is to the east of the corner of Beda Road and Falco Road (County Road 11), north of Wing, Alabama.  See other descriptions on this website.