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Elizabeth Weintraub

Selling on a Land Contract: Tips for Sellers

By April 18, 2007

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Home buyers have many advantages when it comes to home buying on a land contract. But sellers have more drawbacks. That's not to say it's not a good idea for a seller to sell on a land contract, because often the opposite is true.

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.

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