A Land Contract is a specialized legal agreement between a buyer and a seller of real estate. A bank is not involved since, in effect, the seller acts as the bank for the buyer. Typically, a down payment of several thousands of dollars is made. Monthly installments are then to be paid for an agreed period, typically a year or more. Then, at a … Read More
We are planning to sell our house. How much money can we save on sales commissions by handling it for sale by owner?
In Ohio, a typical real estate agent’s sales commission is 5 – 6%. This means that for every $100,000 of value in your real estate, you will pay $5,000 – $6,000 in real estate sales commissions. For a $200,000 house, the cost would be $10,000 – $12,000. Higher value homes cost even more to sell. What would you do if … Read More