Frequently Asked Questions (FAQ)
1. What does Vathea Inc. do?
Vathea Inc., an incorporated company, operates Vathea.com to provide land acquisition services. We buy and sell land, often by entering purchase agreements with sellers and assigning those agreements to third-party buyers. Licensed title companies or closing attorneys handle all transaction closings and fund disbursements, including Vathea’s assignment fees.
2. How does selling land to Vathea work?
If you own land and wish to sell, you submit property and contact details through Our Email’s, Only reply and use emails that end with the domain of “ @Vathea.com “ . We evaluate the property and may offer a purchase agreement, which includes terms allowing assignment to a third-party buyer. If accepted, a title company or closing attorney manages the closing process, including payment to you and any assignment fees to Vathea.
3. What is a contract assignment?
A contract assignment occurs when Vathea transfers its rights under a purchase agreement with a seller to a third-party buyer for an assignment fee. All Vathea purchase agreements include terms permitting assignment. The title company or closing attorney handles the closing and disburses funds, including Vathea’s fee.
4. Who handles payments and transaction closings?
All payments and closings are managed by licensed title companies or closing attorneys, who ensure funds are disbursed according to the purchase agreement, including payments to sellers and Vathea’s assignment fees.
5. What fees does Vathea charge?
Vathea earns an assignment fee when a purchase agreement is assigned to a third-party buyer. This fee is paid by the third-party buyer at closing. Vathea does not charge upfront fees to sellers.
6. What information do I need to provide?
To sell land or engage in transactions, you must provide accurate, complete information, such as contact details (name, email, phone), property details (address, ownership documents), and financial information (e.g., for verification). Failure to provide accurate information may result in termination of access to the Website or services.
7. Are transactions guaranteed to close?
No, Vathea does not guarantee that land sales, assignments, or closings will occur. Factors like title issues or buyer performance may affect outcomes. Users must verify all property information (e.g., valuations, surveys) before transacting.
8. What happens if a buyer doesn’t close?
Vathea is not liable for a third-party buyer’s failure to close or for title company errors. If a buyer does not complete the transaction, the purchase agreement terms govern any next steps, such as termination or reassignment.
9. How is my personal information handled?
Your information is handled per our Privacy Policy at Vathea.com/privacy-policy, which details how we collect, use, and protect your data, including compliance with state privacy laws (e.g., Virginia’s VCDPA, Colorado’s CPA).
10. Can I cancel a transaction or get a refund?
All transactions are final — no refunds or returns.
11. How can I contact Vathea?
For questions or concerns, or to verify An Executive Agent Works with us:
Vathea Inc.
Emails:
Vathea@vathea.com
Help@vathea.com
Contact@vathea.com
Privacy@vathea.com