Common Contracts
1 similar Contract for Sale of Land contracts
Contract for sale of land nswContract for Sale of Land • February 3rd, 2021
A land contract is a written agreement between a seller and a buyer for the purchase of a property. While sellers often prefer a one-time cash payment for the property, a land contract allows the buyer to effectively get a loan from the seller as they pay down in predetermined installments. This allows the land transaction to happen without difficulty obtaining traditional bank financing and for a buyer with bad credit to get a home. A land contract is also called a Trust Deed, a private mortgage, a contract of deeds or notes. Identify the property you want to purchase and negotiate the terms of the transaction with the seller. These terms should include the purchase price, payment period and installment amounts together with other discussed contractual obligations. Analyze the location and market value of the property. Information about the property's location can be found online via the city/county/county/city's website. Property value can be assessed by comparing recent sales in you
