Purchase Terms and Agreements
We believe every question you can ask is answered on our website, but if you don’t understand the terms, do not hesitate to contact us.
WOLTER LAND ESTATES owns all properties it sells, therefore you buy directly from the owner.
FIRST COME, FIRST SERVED. Each property will be sold to the first person from whom we receive a signed Order with the required down payment. If your requested property is not available your money will be promptly returned, or, because we anticipate that lands will sell quickly, on your request your deposit will be held for a substitute purchase. Please avoid disappointment by indicating your second and third choices on your Order.
NO OBLIGATIONS. You are allowed to improve the land after your down payment is received. If you buy a property, you are not obliged to live on it or build on it unless you wish to do so.
NO AGENTS. We handle all sales through our Kelowna office, thereby saving any agent’s commission, which saving is passed on to you. Nowhere can you buy any of our properties at a lower price than is quoted in our listings.
NON-RESIDENTS OF CANADA may purchase properties in Canada under the same conditions as Canadian residents.
TIMBER RIGHTS come with the land unless otherwise specified.
TITLE. GUARANTEE. We hold perfect title to each property and you may inspect the deed and title documents for every property at our office. We guarantee a good and marketable title free from any mortgage or other debt, or will refund the amount you have paid to us, in full, without interest or other charges.
PROPERTY TAXES. Purchaser must pay land taxes for current and following years. An adjustment for the current year taxes shall be made.
DEED. When the buyer has paid the purchase price in full, including HST, we issue on receipt of a fee of five hundred dollars (including tax), a Registered Deed or Certificate of Registered Ownership conveying clear title.
CANADIAN SALES TAX. Canada imposes a one time five percent Goods and Services Tax (GST), or Harmonized Sales Tax (HST) on the full purchase price of the property. HST is 15% in the Province of Nova Scotia, 14% in the Province of PEI, and 13% in the Provinces of New Brunswick, Newfoundland and Ontario. These taxes are payable to the Government through us when the account is fully paid and the title is being transferred to the new owner.
PURCHASE TERMS. We guarantee easy financing terms. The purchaser may choose for himself whether to take advantage of the 10% discount offered for cash, or to pay in regular monthly instalments. We will finance for a period of up to 50 months. If payments are to be made by instalments, the first monthly payment will fall due one month from the date of acceptance of the Order and regularly each month thereafter on the same date until the purchase price is paid in full. Regularity of monthly principal payments is essential. A low interest rate of nine percent per year (9% p.a.) will be calculated on the unpaid balance and payable every six months. An invoice will be sent to you one month prior to your interest payment date. Or you may prefer to make blended principal and interest payments monthly. – Account balances may be paid out at any time allowing you a discount of 7% off the outstanding principal balance.
CURRENCY & FORMS OF PAYMENT. Payments can be made by cheque, bank draft, money order, email-transfer, PayPal, Pre-Authorized Debit, wire transfers, Western Union, or credit card in Canadian or United States funds. Other currencies may also be accepted. We offer an exchange rate based on the current currency value at the time.
EXCHANGE PRIVILEGE. We guarantee a two-year exchange privilege. If upon initial inspection of your property, within 24 months from the date of purchase, you find that your property does not suit you perfectly, you may exchange it for any other property we offer of equal or greater value. This ensures you that you will get the land best suited for you. All payments made to WOLTER LAND ESTATES for the property will be credited to the new account, less interest and taxes, if any. There is a $250.00 service fee if you decide to exchange.
HOW TO BUY. Just fill out the Land Order Form in our program. You can order by email, phone, or fax, but must send a signed Land Order Form at the same time confirming your order.
CREDIT CARD. We accept VISA, Mastercard and American Express as payment method for map orders, down payments and payment on accounts.
INFORMATION on properties is taken from personal inspection, aerial photos, government maps, reports and other reliable sources and, while we do not guarantee it, we believe it to be accurate.
MAPS. Government topographical maps which are fairly detailed and cover about fifty square miles, are available with the specific location of our properties marked thereon. Send $10.00 for each map requested using the Map Order Form.
OFFICE HOURS between 9 A.M. and 5 P.M. Monday – Friday (Western Time)
Our prices are subject to change without further notice.