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Add You - Why Land Contracts Are An Intelligent Way To Purchase Property
The Internet holds a wealth of information. On the Internet, you can find just about anything you can think of. There are web pages upon web pages of information regarding any business imaginable. The fastest growing business on the Internet today is online retail shopping.Many people feel that they can have a successful online retail shop, however, they do not know what to sell in there shops. Creating a website is very easy, filling it with products on the o
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell th
People call me crazy because I tell them I talk to my pets. Well, they don't actually call me crazy for talking to my pets they call me crazy because I tell them my pets talk back to me. And they do. But, am I crazy to get pet medical insurance?You see, my pets are like family to me. I value and love my pets. I have health insurance for my family members. I have life insurance for my family. I have insurance on my home and my car. Why shouldn't I have pet medi
Takes home buying for example, what do most people do? They contact a real estate company, get hooked up with a commission-driven real estate agent, and pay too much for property. The they find themselves hooked up with wealthy mortgage lending organizations staffed with attorneys who are ready to pounce on them and foreclose if they are late making payments on there fancy “interest only loan” or “negative amortization loan” or some other fancy loan program. The creative lenders (often in cahoots with agents) qualify an otherwise unqualified borrower to buy the property they really couldn’t afford to begin with. The real estate agent gets the commission, the mortgage lenders get the fees and commission and the buyer gets the over-sized house and the monthly payment, (that would be the principal, interests, taxes AND insurance payment). There is a better way…
It’s called a land contract and you don’t need a real estate agent or wealthy mortgage lender with a staff of attorneys waiting to gobble you up either.
I believe that buying a property under a land contract is one of the smartest things a person can do for the following reasons:
1. When you buy property directly from a seller under a land contract, you and the seller are on a more level playing field economically—many sellers are not “rich” and don’t have a staff of blood sucking attorneys working for them. For this reason, they are less inclined to pounce on you to foreclose on a property.
2. Sellers who are selling under a land contract are usually motivated sellers and can be flexible on selling price, down payment requirements and interest rates on the land contract. Everything is negotiable, a seller may accept a lower selling price if you give them a higher interest rate on the contract. Or, they may take payments on the down payment. They may take a balloon cash-out in 5 or ten years, etc. The point is there are a lot more negotiable elements when dealing with a seller on a land contract.
3. If you have an economic situation arise (loss of job, lay off, etc) a seller is much less inclined to foreclose on you. This is especially true if you have a good track record with them, and they will often work with you to get through the tough times, especially if you get along well.
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell the
I recently completed 2 weeks of jury service and it’s an interesting and fascinating experience. Obviously I can’t tell you about specific cases but I do have some thoughts on the process of being part of a jury.In my first week, I was the foreman of our jury and that meant facilitating the discussion and making sure everyone could express their point of view and that we all agreed on our verdict.During the course of our deliberations a number of things
It’s called a land contract and you don’t need a real estate agent or wealthy mortgage lender with a staff of attorneys waiting to gobble you up either.
I believe that buying a property under a land contract is one of the smartest things a person can do for the following reasons:
1. When you buy property directly from a seller under a land contract, you and the seller are on a more level playing field economically—many sellers are not “rich” and don’t have a staff of blood sucking attorneys working for them. For this reason, they are less inclined to pounce on you to foreclose on a property.
2. Sellers who are selling under a land contract are usually motivated sellers and can be flexible on selling price, down payment requirements and interest rates on the land contract. Everything is negotiable, a seller may accept a lower selling price if you give them a higher interest rate on the contract. Or, they may take payments on the down payment. They may take a balloon cash-out in 5 or ten years, etc. The point is there are a lot more negotiable elements when dealing with a seller on a land contract.
3. If you have an economic situation arise (loss of job, lay off, etc) a seller is much less inclined to foreclose on you. This is especially true if you have a good track record with them, and they will often work with you to get through the tough times, especially if you get along well.
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell th
Investment Real Estate, First Things FirstConsidering investing in property? What are some pertinent things to consider before taking this leap? Of all the investment possibilities, investment in land generally produces the most positive results. It is vital, however, to carefully investigate the pros and cons, benefits and deficits of real estate investment. Most people look at investment real estate as risky and feel woefully inadequate to tackle this fo
I believe that buying a property under a land contract is one of the smartest things a person can do for the following reasons:
1. When you buy property directly from a seller under a land contract, you and the seller are on a more level playing field economically—many sellers are not “rich” and don’t have a staff of blood sucking attorneys working for them. For this reason, they are less inclined to pounce on you to foreclose on a property.
2. Sellers who are selling under a land contract are usually motivated sellers and can be flexible on selling price, down payment requirements and interest rates on the land contract. Everything is negotiable, a seller may accept a lower selling price if you give them a higher interest rate on the contract. Or, they may take payments on the down payment. They may take a balloon cash-out in 5 or ten years, etc. The point is there are a lot more negotiable elements when dealing with a seller on a land contract.
3. If you have an economic situation arise (loss of job, lay off, etc) a seller is much less inclined to foreclose on you. This is especially true if you have a good track record with them, and they will often work with you to get through the tough times, especially if you get along well.
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell th
Term life insurance is a low priced life insurance policy which simply offers a pay out upon the holder’s death, with no cash build up. Many people opt for term life insurance because they only seek to be able to supply their families with money in the event they are no around.But term life insurance can also be used for another important objective.Estate planning is the process of setting up an estate so that when it passes on the next generation it do
3. If you have an economic situation arise (loss of job, lay off, etc) a seller is much less inclined to foreclose on you. This is especially true if you have a good track record with them, and they will often work with you to get through the tough times, especially if you get along well.
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell th
Student loan consolidation is a very important move in your financial life. This is usually the first thing college graduates can do to move toward a solid financial future.There are many programs offered today that can benefit recent graduates. When starting a new life after college most people carry the burden of debt straight out of school with them. This will sometimes lead to making bad financial decisions right out of the gate. These decisions can haunt
4. If a land contract is structured correctly, it is just as legal as an outright purchase and you have most (if not all the rights) of home ownership.
5. You eliminate real estate commissions and mortgage application fees.
The most important consideration you need to focus on in a land contract deal is two things:
1. Have an attorney specialized in real estate transactions write, read, negotiate and/or approve of your land contract before you sign on the dotted line and…
2. Make sure you have a “right to sell” clause in the land contract that allows you to sell the home on the market (with or without a real estate agent). As long as the original seller under the land contract is cashed out when you sell the home (they will be because they hold the title) there shouldn’t be any problems.
Like I say, everybody has an angle… this one is called common sense.
To your success! Copyright © 2006 James W. Hart, IV All Rights Reserved
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