Owner financing is a great way to buy property that is pretty simple. The way it works is that the property owner accepts monthly payments from the buyer until the property is paid off. The property owner holds the deed as collateral until the property is paid in full by the buyer.
To qualify for owner financing at Land Sales Company, the buyer just needs to make the required down payment. Information is exchanged such as name, address and phone number and then payments are made. The property remains in SALE PENDING status until the buyer signs a land sale agreement. Once signed and returned, the property is marked as SOLD and the buyer will receive their account information, payment schedule, payment coupons, parcel map, satellite photos, pictures, and a certificate of ownership. Our interest rate is set at a low 9.9%, much lower than our competitors in this arena and certainly lower than any banks, who also require large down payments as high as 20% or more depending on your credit worthiness.
We also don’t charge any closing costs or document fees; therefore 100% of the down payment goes towards the purchase price. We also don’t have any pre-payment penalties, balloon payments, or fine print that you will find elsewhere… our goal is to keep it simple so everyone can own a piece of the American Dream. Down payments and monthly payments can be made online using major credit cards as well as PayPal, Money Orders or Cashier’s Checks and Western Union, MoneyGram, ComCheck, or Personal Checks.
Owner financing through Land Sales Company makes it possible for anyone to invest in land today even when they don’t have the full purchase price in hand. Those who want to buy a piece of land can do so with just a small down payment and make monthly payments. Since land today is one of the highest commodities and the best investment you can make, it makes sense to get it when you can at today’s prices rather than wait until the prices go up. Remember the famous quote: “Don’t wait to buy land, buy land and wait.”
In the end, the buyer owns a piece of land that will have a great return on investment. The title to the land, or the deed, is guaranteed to be free of liens, judgments or defects. If they buyer finds, that within 90 days of purchase, that they have found a similar piece land with comparable terms, a new contract will be written up beating the sale price of that land by 5%. Also, if the buyer finds a different piece of land that Land Sales Company is selling, they can do an exchange within 180 days of purchase.
The bottom line is that owner financing makes it easy for buyers to acquire land and make a profit. Land Sales Company works with buyers to make it possible for everyone to succeed.
Read famous real estate quotes from past president and real estate tycoons – click here!
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