Selling Land

Owner Financing Land You Want to Sell

Owner financing is a type of real estate agreement between buyers and sellers that operates like a mortgage but without a third-party lender. The seller takes up a position similar to a lender. However, the buyer repays the seller in monthly installments as opposed to the bank. The buyer and seller agree on an interest rate for the financed portion, as well as the monthly payment amount, schedule, and other details of the loan. Seems simple, until you think about all the things that can go wrong. Is owner financing worth considering if you want to sell your land?

Pat Porter, broker at RecLand Realty, covers some of the basic information you need to know before you negotiate owner financing and discusses how it is an appealing option for sellers who want to close a deal fast, get a higher purchase price, and earn good returns in the form of interest.

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About the author

Pat Porter

Pat is the owner / broker for RecLand Realty. RecLand specializes in selling hunting land, timberland, farms, & ranches in LA, AR, MS, TX, IA, & MO. See their company website at RecLand.net.

Pat, his wife, and three boys are land owners and enjoy hunting, shooting, and an outdoor lifestyle. They live in northeast Louisiana and are usually in the woods somewhere several times a week.

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