Common Contracts
1 similar Land Contract Agreement contracts
Land contract agreement form pdfLand Contract Agreement • March 9th, 2021
A land contract is a written agreement between the seller and the buyer on the acquisition of the property. While sellers often prefer a one-time payment in cash for the property, the land contract allows the buyer to effectively obtain a loan from the seller, who pays back in predetermined instalments. This allows land transactions to proceed without the hassle of obtaining traditional bank financing and for a buyer with a bad loan to get a home. The land contract is also called a trust property, a private mortgage, a contract or shifts. Identify the property you want to purchase and negotiate the terms of the transaction with the seller. These conditions should include the purchase price, payment period and repayment amounts together with other contractual obligations under discussed. Analyze the location and market value of the property. Information about the location of the accommodation can be found online on the website of the city/ district / city. The value of a property can be
