Looking for a home or some land but don’t want to jump right in to a bank loan yet? How about a land contract for real estate? A land contract is a contract between a seller of a property (oftentimes an investor) and a buyer, where the seller provides the financing for the buyer. I know several people (me included) who have purchased property through a land contract, through an investors and some through private property owners. It’s a great way to get a home– it’s a type of “rent to own” deal but the buyer does have rights– and it’s perfect for people with no credit or low income or people who want to avoid bank loans (which is a smart thing to do right now).
The LandContract.com website has a large listing of homes all around the United States available for land contract purchases. With the instability of the housing market, many homes are now on the market, which makes for some good deals on land and homes for home buyers. You can even check out Land contract Oakland for a listing of some of the most beautiful homes in the country. See the website for more details, or to browse the listings.
Remember, I’m a pro-blogger and I am sometimes compensated with stuff or money to review or mention products or services! This was one of them.
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January 14, 2010
business services, Internet