can i sell a home at any time during a land contract as long as it gets paid off?

Rickey Phillips
Both Buyer and Seller
49047

i have this 2 story home that i am getting on land contract but was wandering if i decided to sell it if i could

Answers (2)
Pam Winterbauer,...
Broker
San Ramon, CA

The answer is going to depend upon the terms of the land contract you entered into. Look it over carefully to see if you are prohibited to selling it without going back to the person you purchased it from. In any even the contract would have to be paid off.

Mon Oct 22 2007, 07:43
Patti Pereyra
Agent
Chicago, IL
FIRST ANSWER

Typically, depending on the provisions of the contract and area laws, the buyer has the right to sell to another purchaser, so long as he has not been prohibited from doing so in the contract.

At closing, the current buyer will pay off the land contract to the original owner, then do a deed transfer to the new owner.

Again, this may vary state to state, so it's best to check with a real estate attorney.

Mon Oct 22 2007, 07:33

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