Established in 2019, Discount Lots is a Fresno, California-based real estate enterprise specializing in selling a diverse range of land options, such as residential, commercial, and industrial parcels, all at discounted rates.
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Is Discount Lots a Trustworthy Option?
Signs Pointing to Legitimacy
- Better Business Bureau Accreditation: Discount Lots is not only registered but also accredited by the BBB with an A+ rating. This indicates that they have a track record of addressing customer grievances to the BBB’s satisfaction.
- High Trustpilot Ratings: Customer feedback on Trustpilot reflects a 4.9 out of 5-star rating, suggesting a majority of their clients are content with their experiences.
- Financing Flexibility: The company offers various financing solutions, including conventional, government, and private loans, illustrating their confidence in facilitating land sales to a wide range of buyers.
For a complete guide on how Discount Lots can assist you in finding the most affordable land in the U.S., read the full article here: “How to Find the Cheapest Land for Sale in the U.S.”
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What Are Customers Saying? Is it Legit or a Scam?
It’s essential to understand that no business can please everyone. Both positive and negative reviews will inevitably emerge. Always scrutinize these reviews critically. A lack of any negative feedback could be a red flag.
Reviews from Popular Websites
Better Business Bureau At the time of writing, there were only four recorded complaints, some of which were resolved.
Trustpilot Discount Lots enjoys a 4.9-star rating from about 117 reviews, with no negative comments at first glance.
So, Is Discount Lots Legit?
The evidence suggests that it is.
ALSO SEE: Is Discount Lots Legit?
Discount Lots: Company Overview and Services Offered
Co-founded by Willie Goldberg and Paul Hersko, Discount Lots aims to simplify and democratize land ownership. Located in Chicago, Illinois, with a LinkedIn following exceeding 3,000, they offer an average discount of 47% on all properties.
Their portfolio includes residential, commercial, and recreational lands. The company also provides property management services, like site preparation and permitting assistance, making it an attractive option for various investors.
Guidelines for Buying Land with Discount Lots
- Understand Zoning Laws: Prioritize understanding the zoning restrictions of the land you are interested in.
- Conduct a Title Search: Ensure that the land is free from any legal entanglements.
- Get a Land Survey: Confirm the land boundaries to avoid future disputes.
- Research the Local Market: Investigate market conditions to ensure you’re getting a fair deal.
Risks of Buying Land from Discount Lots
- Remote Locations: Some lands may be in isolated or underdeveloped regions, complicating development.
- Zoning Restrictions: Certain lands may have zoning rules that could limit your intended use.
- Property Taxes: Undeveloped lands are still subject to property taxes.
Discount Lots appears to be a genuine company, but it’s important to conduct your own research to understand the associated risks and ensure you’re making a wise investment.