GOLDEN LAND SALES PURCHASE TERMS OF USE

These terms govern the sale and purchase of real estate between the Buyer and Golden Land Properties (herein “Seller”), located at 1042 Willow Creek Rd, Ste A101 #143, Prescott, AZ 86301. Phone: (916) 547-7581 | Email: support@goldenlandproperties.com

WARNING: THIS AGREEMENT HAS SUBSTANTIAL LEGAL CONSEQUENCES. BUYERS ARE ADVISED TO CONSULT LEGAL AND TAX COUNSEL BEFORE SIGNING.

AGREEMENT TO PURCHASE

Seller agrees to sell, and Buyer agrees to purchase, the property identified by its Parcel ID as specified in the purchase agreement. All property covered under this agreement is referred to as the “Property.”

PURCHASE PRICE AND PAYMENT OPTIONS

Two payment options are available:

CASH SALE: The full purchase price is paid in full at the time of closing. This agreement is not contingent on financing.

OWNER FINANCING (TERMS): Seller agrees to finance a portion of the purchase price through a Promissory Note and Land Contract. The Buyer will make monthly payments covering principal, interest, and a Note Servicing Fee, beginning approximately 30 days from the contract date. There are no prepayment penalties — this note can be paid off at any time, and only interest accrued up to the payoff date will be assessed.

DOWN PAYMENT AND PROCESSING FEE

A down payment is required at the time of signing. Additionally, a one-time processing fee is due at signing. Receipt of both the down payment and document preparation fee will be acknowledged in writing.

PROPERTY TAXES

Seller will pay all property taxes on the Property as they become due. Buyer agrees to reimburse Seller for all property taxes paid, as outlined in the Promissory Note. Failure to reimburse Seller within 30 days of the date due shall constitute a default under this agreement.

PROPERTY CONDITION

Buyer confirms that they have personally inspected and examined the Property and accepts it in its current “as-is” condition.

SATISFACTION GUARANTEE

For Cash Sale buyers, a 30-Day Satisfaction Guarantee applies from the date of purchase.

For Terms/Financing buyers, Golden Land Sales provides a 90-Day Satisfaction Guarantee from the date of down payment. If, for any reason, Buyer is unsatisfied with the Property within this period, Golden Land Sales agrees to either exchange the Property or refund all monies paid, minus closing costs, payment fees, and accounting setup fees.

UTILITIES AND ENVIRONMENTAL DISCLOSURES

Buyer accepts the current condition of all utility access to the Property. Seller discloses no known existence of wetlands, shoreland, flood plains, hazardous substances, petroleum products, or underground storage tanks on or affecting the Property.

TITLE AND CONVEYANCE

Seller will convey title to Buyer by Warranty Deed. Prior to or at closing, Seller will satisfy all outstanding mortgages, liens, and special assessments against the Property. Title shall be good and marketable, subject only to existing covenants, utility easements, zoning ordinances, mineral reservations, and general taxes for the current year and beyond.

A title report will not be provided at closing. Buyer may conduct their own title search at their own expense. If title defects are discovered, Seller will notify Buyer within 5 days of closing, and Buyer may: (a) cancel the contract and receive a full refund of earnest money, (b) accept the title as-is, or (c) allow Seller reasonable time to cure the defects at Seller’s expense.

For financing/terms buyers: Seller holds the Title Warranty Deed until the Property is completely paid off. Upon final payment, Seller will record the Warranty Deed in the Buyer’s name within 30 days.

CLOSING

Closing will occur on or before the date specified in the purchase agreement, unless extended by written agreement or as needed to resolve title objections (up to 7 additional days). No closing costs are charged to Buyer when closing directly with Golden Land Sales. If closing through a title company, costs are allocated as follows:

Attorney/Title Company Fees: Buyer
Title Insurance: Buyer
Title Abstract or Certificate: Buyer
Recording Fees: Seller
Appraisal: Buyer
Survey: Buyer
Transfer Taxes: Seller
All Other Closing Costs: Buyer

POSSESSION

Prior to closing, the Property remains in the possession of Seller.

APPRAISAL AND SURVEY

Any property appraisal is the sole responsibility of Buyer. A survey is not required.

RESTRICTIONS DURING FINANCING PERIOD (TERMS BUYERS)

Until the Property is fully paid off, Buyer may not: live on the land, pull permits, or construct any structures. Buyer agrees to abide by all applicable local and state zoning codes and regulations. Seller reserves the right to limit timber removal to only what is necessary for placing a dwelling or structure.

MONTHLY PAYMENTS AND LATE FEES (TERMS BUYERS)

Payments are due 30 days from the contract date and will be automatically drafted from the Buyer’s provided payment account. A grace period of 15 days is allowed. If payment is not received within 15 days of the due date, a $25.00 late fee will be assessed. If a payment is 35 or more days past due, Seller will notify Buyer by email, giving Buyer 15 days to bring all payments current. Failure to cure the default within that period will result in contract termination and forfeiture of all payments made. Seller will also apply a default interest rate increase of 5 percentage points on any unpaid balance upon default.

DEFAULT

Buyer default occurs when Buyer fails to make payments or comply with any terms of this agreement. Upon default, Seller may enforce specific performance or terminate the agreement and retain the earnest money as liquidated damages.

If Seller defaults, Buyer may enforce specific performance or terminate the agreement and receive a full refund of all earnest money.

ASSIGNMENT

Buyer may not assign this agreement without prior written consent from Seller. Seller reserves the right to assign this agreement, and it shall be binding on the heirs and assigns of all parties.

PRORATIONS

Property taxes, interest, maintenance fees, assessments, and related charges will be prorated as of the closing date. Adjustments will be made once the current year’s tax statements are available.

EMINENT DOMAIN

If the Property is condemned by eminent domain after the effective date of this agreement, Seller and Buyer will mutually agree to either continue or cancel the transaction. If no agreement is reached, Buyer is entitled to cancel and receive a full refund of all down payment money.

FEDERAL TAX COMPLIANCE

If Seller is a “foreign person” as defined by applicable federal law, Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and remit the same to the Internal Revenue Service with the appropriate forms.

ATTORNEY’S FEES

In the event of any legal proceeding arising from this agreement, the prevailing party is entitled to recover all legal costs and reasonable attorney’s fees from the non-prevailing party.

GOVERNING LAW

This agreement is governed by the laws of the State of Arizona. TIME IS OF THE ESSENCE IN THE PERFORMANCE OF THIS AGREEMENT.

ENTIRE AGREEMENT

This agreement constitutes the entire and final agreement between the parties and supersedes all prior representations, statements, and understandings. No changes to this agreement are valid unless made in writing and signed by both parties.

NOTICES

All notices must be submitted in writing and delivered by mail, hand delivery, or facsimile to:

Golden Land Properties 1042 Willow Creek Rd, Ste A101 #143 Prescott, AZ 86301 Phone: (916) 547-7581 Email: support@goldenlandproperties.com

NO BROKERS OR AGENTS

Neither party has employed the services of a real estate broker or agent in connection with this transaction. If any party has engaged such services, that party is solely responsible for all associated costs outside of this closing.

By proceeding with this purchase, Buyer acknowledges that they have read, understood, and agreed to all terms stated herein.