Is Landmodo Deals Legit? Landmodo.com Reviews (2024) -

Landmodo.com claims to help people find land that is owner-financed for sale. This type of land is financed by the seller instead of a bank. We will be writing a concise review on how Landmodo really works, precautions to take when buying land on the site, and how to verify the legitimacy of lands listed there.

How Does Landmodo.com Work?

Landmodo works for land buyers, sellers and land investors. For the buyer, it links you with legit land investors who give great financing choices for your purchase. Just search for land based on your location, find a seller you’re interested in, sign some documents, and you’re good.

What Landmodo offers

Buyer Program: This program helps you buy land at a discount with payment options that suit you.
Seller Program: If you own land, you can sell it by listing it here, reaching buyers across the US.
Investor Program: Investors can build land portfolios in different places without leaving home

Is Landmodo.com Legit?

The website landmodo.com has been functioning for ten years now. The platform also has a very active YouTube page were available lands are shown and listed. As far as legitimacy goes, Landmodo is legit.

Does Landmodo Have Any Guarantee?

Yes, Landmodo has a guarantee of up to $500,000 for eligible investments.

What Type Of Land Do They Have?

Landmodo has different types of land for sale, like rural areas, residential plots, and land for business use. All in USA.

Actions To Take When Exploring Land Deals on Landmodo

Ask the seller for the APN (Assessor’s parcel number). This information should be readily available on the ad. It is always listed in the ad description. You’ll be able to find out what category a property falls under. It’s either residential, commercial or industrial.

Do not Finalize Deal Before Viewing Property. To ensure a legit transaction, it’s recommended not to finalize a land purchase over the phone, email, or mail. Instead, physically view the property.

Get to know the property and its surroundings. Talk to residents who live in the area to gain an understanding of the neighborhood.

Don’t Overlook Tiny Fees. Look into the amount of all fees, such as real estate taxes, or community assessment fees.

Find out about future development plans for the area. Check with the county planning office to learn of plans for the land or property near this area that may affect land value. It would be important to know if an airport or dump is scheduled to be built in the future.

Get an Understanding of future financial responsibilities. For undeveloped lands, ascertain who bears the responsibility of funding infrastructure development like roads, utilities, and sewers. This financial aspect can significantly influence your decision-making process.

Landmodo Reviews & Complaints

Flood Worries

Some people are concerned that a few properties might be in areas prone to flooding. It’s important to check this before deciding to buy.

Money and Price Problems

It’s not clear how they set prices, and properties are sold “as is,” so you might end up spending more unexpectedly.

Issues for Buyers and Not Many Choices

There aren’t many properties to pick from, often in popular areas, which can mean higher prices.

Trouble with Customer Support

Landmodo’s support is basic, and you might have to wait a while for help. However, be ready for difficulties in getting the customer service.

Pros:

It has an easy-to-use platform with a simple account creation process.
They have flexible financing and investment gurantee.
They give valuable information about the real estate market through webinars and virtual events.

Cons:

There are small selection of properties.
Poor customer support

Create an Account: Sign up on Landmodo in just a few minutes.
Specify Your Preferences: Narrow down your property search by setting location, price range, and other criteria.
Explore Financing Options: You can learn more about the buying process and financing options available to you on their website.

Conclusion

Landmodo.com is a legit website, however when using Landmodo, be wary of potential loopholes and a 5% commission fee on successful transactions, which can add up.