Creating a direct real estate transaction without a bank allows the parties to set their own terms: on the amount of the down-payment, the interest rate, the monthly payment amount, the number of months of the contract term, whether or not there is a ‘balloon’ payment due at the end ...
Obligation to buy. Unlike lease-to-own agreements, where lessees typically have the option to purchase the property at the end of the leasing term, a land contract requires the buyer to agree up-front to pay the full price of the real estate. Equitable title for the buyer. Once the buye...
For over 11 years, SafeWise experts have conducted independent research and testing to create unbiased, human reviews.Learn how we test and review. Share Article Written by Alina Bradford Alina is a safety and security expert that has contributed her insights to CNET, CBS, Digital Trends, MTV,...