Options for your buyer if you are selling your VACANT LAND?
There are a few financing options for someone looking to buy your VACANT LAND.
First there is always the cash option in today's economy that is very likely to be the only one available, and most builders will pay cash.
Second is the OWNER FINANCING OPTION. This is sometimes a good option and can get you more money in your pocket but you may also have to repossess the property, which can be messy to say the least.
Third option is a LAND to CONSTRUCTION LOAN. This is the slowest way to finance. But will require 20=40% down. and requires APPROVALS TO BUILD before you can close. Bank takes all the risk.
Are their options for your buyer if you are selling your VACANT LAND?
There are a few financing options for someone looking to buy your VACANT LAND.
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