Re: Buying land on contract

Posted by 1rooster on October 15, 2003 at 08:40:48 from (65.162.74.53):

In Reply to: Buying land on contract posted by dhermesc on October 15, 2003 at 06:05:19:

I am a real estate broker from Texas, if you close with a warranty deed, and a policy of title insurance, it would help you in avoiding problems. You should think about how recent the property has been surveyed, so that you can be certain about the boundary lines. I have always thought owner finance made a good deal for both parties, the seller gets a higher interest rate, than he could if he had the money in CD's, and the buyer generally get a lower interest rate, than he would have to pay the bank.
Again, just my .02 cents worth.

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