I hate to say I told you so, but I did. Creative thinking pays off in today’s real estate market. Two weeks ago, I told you about one Birmingham MI home owner who decided to offer very attractive land contract terms to promote interest in a luxury home he was trying to sell. Guess what? [...]
Banks ARE lending money, they are just a quite a bit pickier about the particulars: who, what, how much, where, when etc… When I wrote this post about seller financing a few days ago, I really had no idea about how the floodgates would open. Frankly, there are very few land contract homes listed in [...]
Tightened credit markets and a sluggish real estate market have sellers looking for ways to seal the deal. This week I saw a Birmingham builder do what he could to take control of the situation and set his properties apart. His answer: the land contract. Not only is he offering land contracts, he’s offering them [...]