Searching for a Reputable Land Contract Buyer?
The professionals at The Mortgage Buyer, Inc. are among the most experienced and reputable land contract buyers in the country. We’ve proudly served as land contract buyers since 1994 and have earned an A+ rating from the BBB. Personalized service is our trademark and you will work directly with our President John Avenia (800- 618-2485) and Acquisition Specialist Heidi Cooper (844-999-9878) every step of the way.
Selling a land contract can provide substantial benefits for the contract holder. Providing an immediate source of capital, liquidating a long term investment, eliminating servicing and ending the possibility of foreclosure are chief among them. When you are ready to have an honest conversation with one of the country’s most reputable land contract buyers call or email our President John Avenia (800) 618-2485, or Acquisition Specialist Heidi Cooper (844) 999-9878. If you prefer, you can receive a no–obligation purchase proposal for your land contract via email by using our confidential online Quote Request form.
Learn How to Sell a Land Contract
There are a standard set of procedures to follow when selling a land contract. Here are the essential steps:
- Determine if there is a need or motivation to sell the land contract. Because private contracts are sold for less than face value, people selling a land contract should have a reason important to them for selling.
- Research land contract buyers online. There are dozens of contract buyers, but only a few are considered the best.
- Request a set of purchase proposals for your land contract from the companies who inspire the most confidence.
- Determine which purchase proposal best meets your needs and select the land contract buyer you’d like to do business with.
- Complete the due diligence necessary to close the sale. You will supply the up-front information and your land contract buyer will complete the rest.
- When the due diligence is complete, a formal title company closing will be scheduled. Closings normally take about 30 minutes and you will leave check in hand.
When you are ready to have an honest conversation about selling your land contract, call or email our President John Avenia (800) 618-2485, or Acquisition Specialist Heidi Cooper (844) 999-9878.
Facts about Selling a Land Contract
Land contract holders who sell their contract achieve numerous benefits. Here are some important facts to consider when deciding whether or not to sell your land contract.
- With interest rates near all-time lows, there may never be a better time to sell a land contract. You see, the market value of a land contract is inversely related to the general interest rate environment. Meaning that as interest rates rise, the market value of land contracts will fall. If you believe higher interest rates will return, now would be an excellent time to consider selling your land contract.
- The market value of a land contract is defined as the maximum price it will sell for in an active and competitive marketplace. Fortunately for contract holders, an active and competitive market does exist for privately held land contracts.
- There are several independent variables that factor into determining the market value of a land contract. Chief among them are the type of collateral property, the amount of owner’s equity in the property, the financial terms of the contract and the creditworthiness of the borrower.
- Land contract holders can take steps to ensure they receive the best possible sale price. We recommend doing your homework, contacting more than one land contract buyer and choosing the company you feel most comfortable doing business with.
- We believe in allowing each land contract holder to decide exactly what the sale of their contract accomplishes for them. With over 25 years of experience we are able to present multiple sale options customized specifically for the land contract holder we are speaking with.
Because each land contract holder has a unique decision to make, we invite anyone who holds a land contract to contact us. Our President John Avenia (800) 618-2485 and Acquisition Specialist Heidi Cooper (844) 999-9878 are available anytime you would like to talk.
Sale Options Offered by Land Contract Buyers
Most people who search for land contract buyers only think about selling all of their remaining land contract payments. For many however, the option of selling just a portion of the remaining payments will provide the best results. Below, we review three of the most popular sale options available.
- Full Sale: A full sale of all the remaining land contract payments is the most popular sale option. A full sale of the land contract provides a number of important benefits, including generating the highest sale price, eliminating the possibility of foreclosure, and completely liquidating the land contract investment.
- Partial Sale: A partial sale of the remaining land contract payments is an excellent option for people who would like to generate a specific amount of cash. Selling a portion of the remaining payments, rather than all of them, allows the contract holder to determine exactly how much cash they receive at closing, while also allowing them to retain an investment in the future contract payments.
- Split-Payment Partial: A split-payment sale will allow the land contract holder to sell a portion of each monthly payment and retain the remainder for themselves. This type of sale is excellent for people who want to generate cash, while also maintaining a source of monthly income.
We invite you to contact our President John Avenia (800) 618-2485, or Acquisition Specialist Heidi Cooper (844) 999-9878, to discuss the available options when you sell a privately held land contract. You'll have an opportunity to ask questions and learn everything needed to make the decision that's best for you.
Creating and Servicing a Land Contract
If you’re thinking about using owner financing to sell your property, we can help. As nationwide land contract buyers with over 25 years experience, we’ve seen a thing or two. If you own a property that has been challenging to sell offering owner financing could make the difference that gets the property sold.
Unlike other investments, the land contract you own is backed by specific real estate collateral. Protecting this collateral is imperative to maintaining the health of your investment. The ability to protect the collateral is built into the land contract document, but it is the land contract holder’s responsibility to enforce these provisions.