Author: Evan Vanderwey
Website: http://www.lansingmimortgage.com/land-contracts-part-ii.html…
The sellers who use a Land Contract most effectively approach the process with a profit motive and a service purpose. Doing this in the right way and for the right reasons will allow you to make money from the sale of your home, but also help another family in the process. Keep these both in view and you will likely do well. Again, this list is meant to be helpful. It would be advisable for you to consult an attorney as well.
Here are some helpful tips to remember:
1. Keep a good rapport with the buyer – This is may be the best advice I can give. Remember, you are helping a family that might not have the credit standing to get into a traditional home loan. Help them out. Stay in good communication with them. Help them where, when and how you can. This deal doesn’t work for you if it doesn’t work for them. In the event that your buyer needs to walk away from the deal, make sure they know that you were rooting for them all the way! Why? Not to mention the…
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