Click this link to see some we pulled for you:
When you're considering a land contract purchase, remember, the seller still wants to be confident about your ability to pay. Having lower credit may be an issue to some. To other sellers it doesn't matter, but they may ask about it, so have your explanation letter ready to address why the score is low and a plan for what you want to do about it.
And yes, the price may be double because remember, the price is not today's value, it's what the home will be worth in the future when the land contract is paid off. However, that doesn't mean you have to pay the asking price; negotiate the right price, payment and interest rate that works for your budget.
There are also a ton of terms and conditions that should be in place to protect your interest in the property.
If you need help with this, please feel free to contact us:
Letitia N. Patterson
Community Choice Realty
261 E. Maple Rd
Cell: 248 506-9426
Fax: 248 504-5656