We have bought and sold a handful of homes on land contract in 2011. Because a land contract ties the buyer and seller together financially for a negotiated number of years, land contracts tend to be more intricate than a regular purchase agreement. For example, what happens if the seller declares bankruptcy and stopped making their mortgage payments? On multiple occasions in 2011 my company retained an attorney to review the negotiated land contract to ensure that our client's legal and financial interests were protected.
I would be happy to meet with you, learn more about the goals your family has and develop a plan to help you achieve them. Best wishes to you in your search!
Realtor & Auction Manager
Real Living Ness Bros
Have you spoken to a mortgage lender yet? If not, you really should do so, even if you don't plan to get a mortgage right now. A competent mortgage agent will be able to help you plan for eventually rolling into a mortgage and how soon you might be able to do so. I know several good agents locally if you are not already working with someone. Just let me know.
If you are interested in seeing some listings or getting more information on mortgage lenders, don't hesitate to call me at 260-579-1516 or email me at firstname.lastname@example.org.