July 22

Wisconsin Land Contracts for Sale

Wisconsin Land Contracts for Sale

Properties with possible Owner Financing in WI.

Main Page – http://www.thelandman.net/wisconsin-land-contracts.html

What is a Land Contract?  A Land Contract also known as “Contract for Deed” or “Seller Financing” is a loan through the seller you are buying the real estate/property from instead of getting a conventional bank loan or having a mortgage through a financial institution. The seller holds the title or deed and gives buyer equitable title until the contract is fully satisfied by the buyer.  Then buyer will get full ownership to the property.   Just like a bank loan, a land contract normally has a down payment, interest rate (commonly higher than banks interest rates), over all length of contract.  The loan can be fully satisfied at the end of the contract or a lump sum is due called a balloon payment.  Buyers sometime get bank financing to pay off the balloon payment to the seller.  A land contract is not just for vacant land, but can be used when buying a home, condominium, commercial property, farm land etc…

Contract for Deedshttp://www.land-contracts.net
What is a Land Contract? –  http://www.blog-wi.com/land-contract-wow-what-an-idea-124.htm
Land Contracts for Sale in Wisconsinhttp://www.thelandman.net/land-contract.html
Owner Financing – http://www.thelandman.net/Land_Contract.htm

Wisconsin Land Contracts for Sale

It's only fair to share...Email this to someoneShare on Google+Pin on PinterestTweet about this on TwitterShare on FacebookPrint this page
Category: WI Real Estate | Comments Off on Wisconsin Land Contracts for Sale
January 19

Land Contracts in Adams County Wisconsin

Land Contracts in Adams County Wisconsin

Land Contracts for Sale including Homes, Land, Acreage, Condos, Commercial Properties in Adams County, WI

Main Page – http://www.land-contracts.net/adams-county-wi.html

Located between Wisconsin Rapids and The Dells one of the hottest tourist spots in the entire midwest. Adams is more of a countryside farming & recreational area with a couple larger communities including; Grandmarsh, Arkdale, Dellwood, Friendship, Rome and Oxford. Adams County, WI is located in the Center of the State north of Madison the Capital about 60 miles and is surrounded by 7 other Counties; Wood, Portage, Waushara, Marquette, Columbia, Sauk and Juneau. On this page you will find Land Contracts, Owner Financing, Contract for Deed, Rent to Own, Seller Financing and Deeds of Contracts. These properties are located in the county and are listed by real estate agents.

More Types of Real Estate in the County!

Land Contracts in Adams County Wisconsin

It's only fair to share...Email this to someoneShare on Google+Pin on PinterestTweet about this on TwitterShare on FacebookPrint this page
Category: WI Real Estate | Comments Off on Land Contracts in Adams County Wisconsin
December 29

Land Contract? WoW!! What an Idea!!!

What is a Land Contract?

Find Wisconsin Land Contracts Here! – http://www.land-contracts.net

Simply put, a land contract is a contract for deed.  It’s Owner Financing. Terms set between Buyer and Seller.

It may just be the best idea yet to help pull America through this fiasco brought on by the banks that are dictating our economy.    List of Wisconsin Land Contract Properties: Homes | Land | Condos | Commercial | Multi-Family

When you sell your home on land contract, you are cutting the banks completely out of the deal.  You can set the terms based on your cost, your committments, the buyers ability to pay and any other factors you and the buyer deem important.

How Hard is a Land Contract?

Well I’m glad you asked!  A Land contract is so simple that even the average buyer and seller can understand the terms.

If you have never bought a home through a bank you probably don’t know how much paperwork there is for you to sign and initial.  I dare say there could be 40 or 50 pages or more even.  They have made getting a home loan through a bank or finance company so intimidating and the contracts so confusing that most people don’t even read them.  They simply trust that the banker is or broker is looking out for them.  That couldn’t be further from the truth.  It’s all done so they have an advantage over you.  It protects them and their investment.

Compare that to a Land Contract.  Most Land Contracts can be completed on 1-3 pages.  All the terms will be spelled out in plain and simple language like it should be.  How hard is that?

How does a Land Contract benefit the Seller?

Well the seller is selling the home on Land Contract, you can take a look at the amortization chart.  On a $100,000. 00 loan at 6% for 30 years, you will collect $115,838.53 in interest alone.  What!!?? You mean you sell a hundred thousand dollar home for $215,000.  plus?

Ok so what if they default?  Well, You should have gotten some money down and they have probably made payments for a while.  You should be able to keep that and resell the home.  You should come out very good if you have serviced your loan and made sure you were protected in the contract.

How does the Buyer benefit with a Land Contract?

If this is truly a Win Win meeting of the minds, the buyer should be getting a good deal too.  Less down payment than required through a lender, Maybe you are not as scrupulous with their credit score.   The financing terms can be easily taylored to meet the needs of both parties unlike bank financing.   This may be just what a buyer needs to get them into a home immediately.    If buyer and seller are working together to make this a Win Win situation, it can be wonderful.  Caution though to make sure both parties are working toward the Win Win

It's only fair to share...Email this to someoneShare on Google+Pin on PinterestTweet about this on TwitterShare on FacebookPrint this page
Category: Articles | Comments Off on Land Contract? WoW!! What an Idea!!!