Financing in 48420>Question Details

tami_78, Other/Just Looking in Flint, MI

Hello I have vacant land that I would like to sell.....

Asked by tami_78, Flint, MI Mon Apr 1, 2013

Problem is possible buyer has another mortgage and no bank will allow him to puchase my land. They also told him that he couldnt roll the 2nd mortgage into his current one. He has a nice down payment for the property and was wondering about a Land Contract. Id like to know if this is possible and what the pros and cons of this choice.

Tami

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Good Evening Tami,
You can't go wrong offering land contract terms. Where else can you make 10% on your money? Of course you would want to put some restrictions on the property until the balance was paid in full. It is all in the details and I would be happy to speak with you further about your options and what I could do to ensure your transaction is in your best interest. Call me anytime 810-652-2222 I am looking forward to working with you.
Web Reference: http://www.itshome.org
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