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Buyer's Request for Accounting from Seller under Contract for Deed Michigan Form

Buyer's Request for Accounting from Seller under Contract for Deed Michigan Form

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hello and welcome back to our series on how to sell a house today we're going to talk about how to sell a house land contract stay tuned you don't want to miss this one all right thanks for coming back before we get started click the like button and subscribe to the channel all right so what exactly is a land contract now back in the 1980s when interest rates were extremely high like above 15 to buy a house people had to get creative people needed to buy houses and sellers needed to sell houses but a lot of people were not getting approved for the kind of house they wanted because the interest rate was so high today's interest rates are at historical lows of two percent so but what is the land contract it's considered seller financing now this is when the buyer purchases the property from a seller they give the seller a down payment and they pay the seller monthly that is what a land contract is instead of paying the bank you pay the seller all right so

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