Policies

Contract Signature

Your contract must be signed within 14 days of purchasing your property. Failure to sign the contract within this timeframe, unless an extension has been granted, can result in the cancellation of the contract, leading to the property being placed back up for sale. In most cases, you can expect to receive your contract within 48 business hours of making your purchase.

Multiple Lot Policy

The Multiple Lot Policy stipulates that a household is limited to having only one property under a payment plan at any given time. Larger down payments are required for each additional property. Alternatively, you have the option to purchase additional properties at the full cash price or acquire them after fully paying off your existing contract through a payment plan. Beyond that, for the second lot, an additional monthly payment is required, and for the third lot, two additional monthly payments are necessary. Any further lots (fourth and beyond) are subject to the discretion of the management.

Refund Policy

We want to clarify that the $300 charged at checkout is allocated for document fees and creation, and unfortunately, refunds for this fee cannot be provided after purchase. We strongly advise conducting thorough due diligence prior to finalizing your property purchase. You're encouraged to visit the property in person and undertake all necessary investigations, inspections, and inquiries to ensure it aligns with your requirements. Kindly verify any property-related details, restrictions, zoning regulations, or HOA information with the relevant county and associations. Please note that all paid payments are also non-refundable.

We operate on a first-come, first-served basis, and we have various purchase options available. To explore these options, kindly connect with your assigned sales representative, who will be happy to assist you in finding the right choice for your needs.

Defaulted Payments Transfer Program

Discount Lots understands that circumstances can change, leading to unexpected financial difficulties. To support our buyers during such times, we offer the Defaulted Payments Transfer Program.

This program allows buyers who have defaulted on a property to transfer the equity built through property payments (excluding escrow and other fees) from the defaulted property to another property currently available for sale on Discount Lots’ website.

To participate in this program, a one-time fee of $495 is required for document processing, along with the first-month payment for the new property at the time of transfer. Please note, this program is available for 12 months following a default and applies to selected contracts at the discretion of Discount Lots.

At Discount Lots, we aim to treat our buyers with the understanding and flexibility we would seek in challenging times.

Property Switching Policy

At Discount Lots, we're dedicated to helping our customers find their dream property. We offer a property switching option to ensure your satisfaction. Within 14 days of purchase, you can switch properties for free. After this window, a $300 switching fee applies. Please note that customers are responsible for due diligence with county and HOA regulations if applicable, and no refunds can be provided. Furthermore, please be advised that a customer's eligibility to switch is restricted in the event of any active citation issued after the initial purchase.

To switch properties, please reach out to our Customer Support with your original purchase details and reasons for the switch. We'll verify the availability of your desired property. Upon approval, you'll sign a switching agreement and other necessary documents. Contract payments must be current, and, all property taxes and HOA payments if applicable should be up to date.

Referral Program

We encourage all buyers to refer their friends and family members to Discount Lots! For any person you refer, make sure they enter your name at checkout. Once they have made 4 monthly payments towards their property (the initial down payment does not count towards this), you will get one month off the end of your contract.

Property Taxes and HOA Fees

According to the terms outlined in our agreement, the buyer assumes the responsibility for property taxes and HOA fees. However, Discount Lots has introduced a new option wherein these amounts can be included in your monthly payments. Should you opt for this choice, we will handle the payment of these expenses on your behalf.

Citations

In the event that the property receives a citation from a regulatory authority after the agreement is signed, the buyer is obligated to bear the expenses and make all necessary changes to bring the parcel into compliance. Failure to comply within 30 days may result in default. If the buyer is unable or unwilling to undertake the required corrective measures, the seller has the right to perform such activities and the buyer agrees to reimburse all costs associated with bringing the property into compliance, including any management or legal fees incurred by the seller in enforcing this provision.

SPECIAL NOTE FOR BUYERS IN CALIFORNIA: Many vacant parcels of land are being used as unlicensed growing facilities for Cannabis. This is in violation of California law and will be cited if, and when, the relevant authorities are made aware. Exercise vigilance with your property. Clean up of Cannabis farms is very costly.

DISCLAIMER:

ALL PROPERTIES ARE SOLD AS IS, WHERE IS. Buyer is responsible for conducting sufficient due diligence regarding the suitability for Buyer’s intended improvement and use, including, but not limited to county, city, or other municipality code requirements and building regulations.

NO REPRESENTATIONS OR WARRANTIES: Buyer understands and acknowledges that, except as expressly set forth in the contract, Discount Lots, LLC makes no representations representations and warranties, express or implied, made to Buyer or any other person, including, without limitation, any warranties regarding the quality, suitability, merchantability, fitness for a particular purpose or otherwise (irrespective of any course of dealing, custom or usage of trade), of any property. Seller disclaims any warranty of title or non-infringement except as otherwise set forth in this Agreement.