Tag Archives: profit motive
Land Contracts – Part III – Horror Stories!!
The fact is that some sellers who have used land contracts have had horrible experiences and you need to be prepared that some negative things could happen.
What is the worst? Since you are going to stay in control to keep the home insurance and taxes paid, you are not in jeopardy of losing the home to a fire or that the property tax authority will take over your home because of an unpaid bill. That would be really bad. YOUR buyers have the ability to pay you slow, sometimes nothing for a while. But you will keep your payments up and therefore, your interests in the home are protected…
Full StoryLand Contracts – Part II
The sellers that do the best selling their home using a Land Contract, approach the process with a profit motive and a service purpose. Doing this in the right way and for the right reason will cause 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…
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