Be careful of accepting a land contract if you are selling your home
Whether you are selling your home with a Realtor® or trying to sell your home yourself, PLEASE be careful if a buyer wants to purchase your home using a land contract.
I recently had a home listed for sale and we received an offer that seemed to good to be true. The more questions I asked for my seller, the more vague the buyers became.
http://www.theindychannel.com/call6/15980115/detail.html
These two mentioned in the news article are not typical buyers...they are bordering on scamming home sellers and potentially face criminal charges. If you receive an offer to purchase from a buyer using a land contract, you have every right to ask for a credit report, income verification, job history...anything that will tell you your buyer is legit or not.
Feel free to contact me if you have any questions about land contracts or any real estate related questions.