But sellers need to take precautions. Legal advice is always suggested.
But say your next-door neighbor gets wind of the fact that you are considering putting your home on the market. And maybe that neighbor doesn't want to or can't qualify for a loan. So the neighbor suggests that you not list with a real estate agent but instead sell to her on a land contract. What should you do?
Here are tips for selling on a land contract. They are designed with a seller's interest first and foremost in mind.
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.