What is a land contract?
aka 'contract for deed'
A land contract is a written agreement between the buyer and seller in a real estate transaction (normally, a raw or improved piece of land) that outlines the terms by which the buyer will repay the financing the seller offered in the purchase of the property. In a land contract, the seller plays the role of the lender, and agrees to receive installment payments for the selling price of the land, minus the buyer's down payment. This is also known as a “contract for deed” as the seller holds title to the property until the payment that is outlined in the contract is fulfilled by the buyer.
Can I sell my land contract?
Interested in converting your land contract to cash?
Your contract is great source of income. However, you may want cash instead. Depending on your goals and how the contract is written, selling it at a discount today could be the right move.
There are multiple factors that impact the current cash value of your land contract. As a buyer since 1989, we understand what those factors are all and are here to help you get the most out of your asset. We'll discuss when it makes sense to convert it to a note and deed of trust, whether a partial or a full sale is right for you and what you can today to increase the value of the note before you sell it.
If you decide to keep it, we’ll help you get the most out of that decision too.
Currently buying performing, 1st position land contracts with a balance of $25,000 and up.
To learn more, fill out the form on this page