Land contracts homes are a popular option for home buyers who are in a situation where they will have to wait to purchase a home due to a challenged credit situation. On January 18th of this month I released a new book entitled: ‘Land Contract Homes: The Top 10 Mistakes Home Buyers Make… And How to Avoid Them!‘ in an effort to answer questions I frequently receive concerning land contracts.
Over the years I have written many blogs on real estate in Michigan, and Land Contract Homes continue to be a popular topic of inquiry. In 2012 I wrote and released two books on this subject, one entitled: ‘Understanding Land Contract Homes: In Pursuit of the American Dream‘ and the other one ‘Land Contract Homes for Investors’.
Both of these books have been popular with those interested in learning about the subject. However, after two years I discovered that there were still questions that people had. Some were still getting into trouble with land contract arrangements and therefore I decided to write a book specifically addressing the most common mistakes. Thus this new book is now made available in both paperback and print.
This new book covers the subject of seller financing of residential real estate, and addresses the top ten mistakes home buyers make when choosing this method of acquiring a home. The reader will learn what a land contract is, how it is structured and what are the essential legal problems to be aware of and avoid.
The book will help the reader identify quickly the key areas that can create trouble for the home buyer with the land contract, and construct an agreement mutually beneficial to both parties to avoid these problems. Understanding these common areas of difficulty makes it simple and easy to avoid. Neglecting any of them can make for a painful and expensive lesson after the fact.
Land Contracts are a popular form of seller financing. They offer a home buyer a means to purchase a home on an immediate basis, while they prepare for refinancing the home at a later date. This book will serve to educate the reader on how they work, as well as give them the knowledge they need to create the best possible future for themselves as a home owner.