Discount Lots is a real estate company that sells land at discounted prices. They offer a variety of land for sale, including residential, commercial, and industrial land. Discount Lots has been in business since 2019 and is headquartered in Fresno, California.
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- 1 Is Discount Lots Legit?
- 2 Discount Lots Reviews – Legit or Scam?
- 3 Discount Lots: An Overview Of Company History And Offered Services
- 4 Guidelines To Consider When Purchasing Land Through Discount Lots
- 5 Potential Downside Associated With Buying Land From Discount Lots
- 6 Is Discount Lots A Scam?
Is Discount Lots Legit?
Evidence That Discount Lots Is Legitimate
1. Registered business with the Better Business Bureau: Discount Lots is a registered business with the Better Business Bureau. Discount Lots have been evaluated by the Better Business Bureau and found to meet its standards, thus they have been accredited. They have an A+ rating with the BBB. This means that they have a history of resolving customer complaints to the satisfaction of the BBB.
2. Positive reviews from customers on Trustpilot: Discount Lots has positive reviews from customers on Trustpilot. They have a 4.9 out of 5 star rating on Trustpilot. This suggests that most customers who have purchased land from Discount Lots have been satisfied with their experience.
3. Offers a variety of financing options: Discount Lots offers a variety of financing options, including conventional loans, government loans, and private loans. This suggests that they are confident in their ability to sell land, even to people who may not have a lot of cash upfront.
If you want to know about Discount Lots and how they can help you in the purchase of some of the cheapest land in the US, you can read this full post DiscountLots.Com: How To Find The Cheapest Land For Sale In The US
Discount Lots Reviews – Legit or Scam?
A Closer Look At What Customers Are Saying
I want to let you guys know that no company can satisfy everyone 100%. There will always be complaints that may be resolved and some might not. So there are bound to be both positive reviews and negative reviews.
You will need to examine these reviews critically because sometimes they might be maneuvers. When there are 100% positive reviews and no single complaint, then something might not be right.
With all of these in mind, let’s take a close look at the reviews online from popular review websites.
Better Business Bureau Discount Reviews and Complaints
On Better Business Bureau (BBB), there are complaints about Discount Lots. At the time this post was published, only 4 complaints were recorded on the website. If you go through the complaints which are published below, you will see that some of them were resolved.
Let’s go to the reviews. Discount Lots has 60 reviews and while going through them, it observed that there were more positive reviews and fewer negative reviews. Below is a screenshot of just the first page.
Discount Lot Reviews On Trustpilot
On Trustpilot, Discount Lots have 4.9 star rating with about 117 reviews. While scrolling through the review, I didn’t see any negative reviews. Below is a screenshot of the first page of what people are saying about Discount Lots on Trustpilot.
So if we go back to the big question: Is Discount Lots Legit? You have the answer.
Discount Lots: An Overview Of Company History And Offered Services
Discount Lots is a real estate company that aims to make land ownership easy and affordable for everyone. They were founded by Willie Goldberg and Paul Hersko, who initially found overlooked land deals. The real estate company offers an average of 47% off on all properties they provide. They are located in Chicago, Illinois, and have over 3,166 followers on LinkedIn.
Discount Lots offers a variety of properties to suit different investment goals, including residential lots, commercial lots, and recreational properties. They aim to make it easy for anyone to buy land by providing affordable pricing options and expert advice throughout the process.
In addition to property sales, Discount Lots also offer property management services such as site preparation, permitting assistance, and researching zoning laws. This makes them an ideal choice for buyers and investors who are looking to buy land without worrying about time-consuming tasks associated with managing their portfolios.
Whether new to real estate investments or looking to diversify your portfolio, Discount Lots has something for everyone. Their team of experts can help guide you through every step of the process from identifying suitable parcels to the development phase.
With several satisfied customers under their belt, it is no surprise why they have become one of the go-to companies when it comes to towing and investing in raw land.
Guidelines To Consider When Purchasing Land Through Discount Lots
Make sure you understand the zoning restrictions for the land you are interested in. Before you buy any land, it is important to understand the zoning restrictions for that land. This will help you to avoid buying land that you cannot use for the purposes that you want.
Get a title search done. A title search will help you to make sure that the land you are buying is free of any liens or encumbrances. This will help to protect you from financial loss in the future.
Get a survey done. A survey will help you to make sure that the boundaries of the land you are buying are accurate. This will help to avoid any disputes with your neighbors in the future.
Do your research on the local market. Before you buy any land, it is important to do your research on the local market. This will help you to make sure that you are getting a fair price for the land.
By following these tips, you can help protect yourself from any potential risks associated with buying land from Discount Lots.
Potential Downside Associated With Buying Land From Discount Lots
Some land may be in remote or underdeveloped areas: Some of the land that Discount Lots sells may be located in remote or underdeveloped areas. This could make it difficult or expensive to build on the land or to develop it in other ways.
There may be zoning restrictions that prevent you from building on the land: There may be zoning restrictions on some of the land that Discount Lots sells. This means that you may not be able to build on the land or use it for certain purposes.
You may have to pay property taxes even if you don’t develop the land: Even if you don’t develop the land that you purchase from Discount Lots, you may still have to pay property taxes on it. This could be a significant expense, especially if the land is located in a high-tax area.
Is Discount Lots A Scam?
Discount Lots is a legitimate company, but there are some risks associated with buying land from them. It is important to do your own research before buying land from Discount Lots to make sure that you understand the risks and that you are getting a good deal.