Joel Lobb (NMLS#57916)
Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*
By definition , it is a real estate INSTALLMENT agreement allowing the buyer to use, occupy and enjoy the land, but no deed is given by the seller, thus, no title passes until all or a specified part of the sale price has been paid.
Listing agents are in the business to list and sell property and collect a commission at closing for their efforts. Therefore, a licensed realtor is most likely not the best resource to assist you.
Consider placing a classified advertisement in the local newspaper stating your desire to enter into a contract for deed arrangement. As with any financial transaction is is wise to consult your CPA, and involve an attorney to prepare the required documents.