Posts Tagged ‘land contract’

How does selling a house on a land contract affect your ability to buy another house?

Thursday, August 18th, 2011

I’ve been trying to sell my house for 6 months with very little success. I was recently approached by someone about the possibility of purchasing my house via a land contract. How would that affect my ability to purchase a new home? Would I even be able to secure another mortgage considering I would essentially [...]

What are the pros and cons of selling a house on land contract?

Monday, January 3rd, 2011

I had my house up for sale for a year and I could not sell it. I had several potential buyers but most were unable to get financed to buy. We are moving out of state and can only afford to make the payments on this house for about 3 more months. I have had [...]

How do you go about selling your house on land contract?

Saturday, May 29th, 2010

I have a home in southern Michigan that has not sold and there hasn’t been much interest…I can’t lower the price so would selling it land contract be better? We moved for jobs months ago and the house is just sitting empty. I have the house listed for 7k which is low for the area [...]

Need to Sell House – How Does Land Contract and Owner Finance Work?

Saturday, November 7th, 2009

Hi. I need to sell my house which has a current mortgage. I have had no luck in the 5 years that I’ve had it for sale and I’m getting desperate. I am not in defaut and all payments are current. I’m willing to consider a land contract or owner financing, but I don’t know [...]