Key Elements of Your Land Contract
Down Payment: A down payment must be paid in full to complete the signing. Loan payments: A land contract is essentially a loan and a property sales contract. “Loan payments”…
What Risks do I take on a Land Contract?
Forfeiture: After buying the home, if the buyer stops making payments, they risk losing the home by forfeiture. In that case, the down payment and any investments put into the…
What is the role of ValDetroit?
At ValDetroit we promote homes for sale in the Detroit area. While our primary focus is land contract properties, you will also find some traditionally financed properties on this site.At…
How do I buy on a Land Contract?
Familiarize yourself with buying on land contract Inquire about a property through this website, or at out facebook page Set up a showing Complete the Buyer Application Agree on terms…
Is a Land Contract right for me?
A land contract may be a good option if You: Would like to stop spending money on rent year after year, and you’re ready to own your own home Have…
What is a Land Contract?
A land purchase contract is a real estate transaction in which the buyer pays the seller for the purchase of a property over time. This is a form of “seller…