Free Land Contract Forms

Free Printable Land Contract Forms in WordLand Contract Form Advantage

•The seller enjoys the benefit of Interest
•The buyer may find it easier to make payments in installments, instead of lump sum of the property value at a time
•Helps, the buyer to overcome his bad credits in the market, which otherwise may prevent him availing credits in the market.
•The property deal closing costs are low and affordable.
•The buyer may get the finance from the financier at easy rate of interest, as the risk is minimized due to real asset nature of property, against the loan.
•The seller held the title to the property till final payment is received, thus, minimizing risk factor on the property title transfer.

Disadvantages

•The property may be mortgaged and the buyer may not be aware of this.
•The seller gains, if the sale deal matures before the mortgage closure.
•The mortgage maturity, may loose the buyer his installment money and future home.

Though few states want the Land Contract Deed to be recorded, but the seller and buyer may not want to record the same, as the secrets of the deal may be leaked out to the third person due to the recoding. The seller can easily download Land Contract Deed from OCweb.org and print it for his real estate property sale.

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