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Owner Financing Land for Sale

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5Picture(s)
0.55Acres
.55 Acre lot on Gulf Of Mexico, Dog Island, Carrabelle, FL – Sold Comps at $75K – Buy for $70K with Owner-Financing Only $14,000 Down or $64,999 Cash!Payment as low as $895 a month!Beautiful parcel of land with approx. 100 ft. of frontage on the Gulf of Mexico for sale on Dog Island with white sand beaches. Island is secluded and is the perfect get away property.
$64,999

.55 Acre lot on Gulf Of Mexico, Dog Island, Carrabelle, FL – Sold Comps at $75K – Buy for $70K with Owner-Financing Only $14,000 Down or $64,999 Cash!

806 Gulf Shore Dr, Carrabelle, Florida 32322, Carrabelle, Florida 32322
0.55Acres
.55 Acre lot on Gulf Of Mexico, Dog Island, Carrabelle, FL – Sold Comps at $75K – Buy for $70K with Owner-Financing Only $14,000 Down or $64,999 Cash!Payment as low as $895 a month!Beautiful parcel of land with approx. 100 ft. of frontage on the Gulf of Mexico for sale on Dog Island with white sand beaches. Island is secluded and is the perfect get away property.
$64,999

Lot 42 Cibola Trails - Cibola County, NM

Lot 42 Cibola Trails, Ramah, New Mexico 87321

6Picture(s)
10Acres
Secluded property w/ NO RESTRICTIONS- Electricity & phone landline on square parcel, year-round gravel road near Grants, NM is uniquely surrounded by many National Monuments. Will build to suit - several cabin plans to choose from! El Morro National Monument 12 miles to the west.
$80,000

Lot 42 Cibola Trails - Cibola County, NM

Lot 42 Cibola Trails, Ramah, New Mexico 87321
10Acres
Secluded property w/ NO RESTRICTIONS- Electricity & phone landline on square parcel, year-round gravel road near Grants, NM is uniquely surrounded by many National Monuments. Will build to suit - several cabin plans to choose from! El Morro National Monument 12 miles to the west.
$80,000

Lot 42 Cibola Trails - Cibola County, NM

Lot 42 Cibola Trails, Ramah, New Mexico 87321
$80,000

Tennessee, Decatur County, 7.30 Acre

Lot 16 Sweet Water Ranch, Holladay, Tennessee 38341

10Picture(s)
7.30Acres
Sweet Water Ranch,Lot 167.30 AcreSweet Water Ranch is the perfect place to build a rural homestead or cabin in the woods. Not only is the land beautiful, but you'll also have access to some of Tennessee's most popular cities with just a short drive away. There is a beautiful creek running east and west through several tracts.This lot is being offered for sale with financing.
$27,497

Tennessee, Decatur County, 7.30 Acre

Lot 16 Sweet Water Ranch, Holladay, Tennessee 38341
7.30Acres
Sweet Water Ranch,Lot 167.30 AcreSweet Water Ranch is the perfect place to build a rural homestead or cabin in the woods. Not only is the land beautiful, but you'll also have access to some of Tennessee's most popular cities with just a short drive away. There is a beautiful creek running east and west through several tracts.This lot is being offered for sale with financing.
$27,497

Tennessee, Decatur County, 7.30 Acre

Lot 16 Sweet Water Ranch, Holladay, Tennessee 38341
$27,497
11Picture(s)
5Acres
This Dollar Land Store 5 acre parcel is accessible via dirt road (Somerset Rd) and is located within the San Luis Valley Ranches subdivision.  Costilla County was the first area of the state of Colorado to be colonized with recorded history dating back to 1540, the year Coronado explored the Southwest. It is home to the oldest town in Colorado, San Luis.
$9,995

L40023-1 5 Acres in Rio Grande Ranches Costilla, Colorado $9,995.00

Address not available!
5Acres
This Dollar Land Store 5 acre parcel is accessible via dirt road (Somerset Rd) and is located within the San Luis Valley Ranches subdivision.  Costilla County was the first area of the state of Colorado to be colonized with recorded history dating back to 1540, the year Coronado explored the Southwest. It is home to the oldest town in Colorado, San Luis.
$9,995

Kentucky, Wayne County, 4.06 Acre

Lot 4 Bluegrass Ridge, Monticello, Kentucky 42633

9Picture(s)
4.06Acres
Bluegrass Ridge,Lot 44.06 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$36,000

Kentucky, Wayne County, 4.06 Acre

Lot 4 Bluegrass Ridge, Monticello, Kentucky 42633
4.06Acres
Bluegrass Ridge,Lot 44.06 AcreBluegrass Ridge is perfectly located just 12 miles southeast of Monticello, KY. This rural property is also within a short driving distance of larger cities like Somerset and Ferguson, as well as attractions such as the gorgeous Daniel Boone National Forest.
$36,000

Kentucky, Wayne County, 4.06 Acre

Lot 4 Bluegrass Ridge, Monticello, Kentucky 42633
$36,000

Missouri, Douglas County, 5.10 Acres

Lot 9 Timber Crossing, Rockbridge, Missouri 65741

7Picture(s)
5.10Acres
Timber Crossing,Lot 95.10 AcreSurround yourself with rolling hills, blue skies, thousands of acres of conservation land and fabulous panoramic vistas. All are the perfect setting for the unspoiled countryside of Douglas County.
$18,500

Missouri, Douglas County, 5.10 Acres

Lot 9 Timber Crossing, Rockbridge, Missouri 65741
5.10Acres
Timber Crossing,Lot 95.10 AcreSurround yourself with rolling hills, blue skies, thousands of acres of conservation land and fabulous panoramic vistas. All are the perfect setting for the unspoiled countryside of Douglas County.
$18,500

Missouri, Douglas County, 5.10 Acres

Lot 9 Timber Crossing, Rockbridge, Missouri 65741
$18,500
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Owner Financing Land News 

Owner-Financing-Land

Benefits of Owner Financing for Your Land Purchase

Buying land is a substantial investment, and many first-time buyers aren’t aware of all their financing choices or may feel intimidated by the process. There are a variety of options when it comes to financing property, but the traditional forms may not always be viable. Have you heard of owner financing? Are you aware of the benefits? Read on to learn why owner financing your land purchase maybe read more…

Owner Financing

It might seem out of the ordinary for a buyer to ask a seller to help buy their home. It is actually a quite common occurrence for a seller whose home is not selling or buyer who is having trouble with traditional lender guidelines. Owner financing is also popular in local real estate markets where the scene is a buyer’s market.

So, what is owner financing, you may ask? Owner financing is when the current homeowner puts up part or all the money required to buy a property. To make things simple, the buyer is borrowing money from the seller instead of taking out a mortgage with a commercial lender. Buyers can choose to fully finance a purchase in this manner or combine a loan from the seller with one received from a banking institution.

When it comes to owner-financing, there are benefits for both buyers and sellers.

Buyers who choose owner financing can reap several advantages:

  1. When it comes to owner financing, there is little or no qualifying.
  2. Buyers and sellers can choose from a variety of loan repayment options or a combination of them.
  3. Without an institutional lender in the picture, there are no loan or discount points, origination fees, processing fees, administration fees, or any other assorted miscellaneous fees that lenders routinely charge which in turn leads to saving money on buyer closing costs.
  4. Buyers and sellers can select from a variety of the following loan repayment options: interest-only, fixed-rate amortization, less-than-interest, or balloon payment (if your state permits it), or even a combination of these options.
  5. Down payments are negotiable.
  6. There is quicker possession without an institutional lender involved.

Sellers who decide to opt-in for owner-financing reap multiple benefits, as well:

  1. The sales price can be higher since the seller is offering to finance. He or she can command a full list price or higher.
  2. The seller may pay less in taxes on through an installment sale, reporting only the income received in each calendar year.
  3. Payments from a buyer increase the seller’s monthly cash flow, creating spendable income.
  4. An owner-financed loan can carry a higher rate of low-risk types of investments.
  5. Offering owner financing is a great way to make a quicker sale. It can draw in a different set of buyers on a property that has been difficult to sell.

As advantageous as it can be, owner financing is a complex process. Let LandHub.com guide you through every step of the way. We thank you for your interest in our services as you sell your land and land your dream.

Owner Financing Frequently Asked Questions

Owner financing is an arrangement wherein the seller of the property either agrees to accept payment in installments or finances the buyer by giving him enough credit. This makes things easier for the buyer as he does not have to go to a bank to secure a loan.

How does owner financing work?

Owner financing is a useful tool that can be used by buyers to purchase property without having to take a mortgage. Mortgages are taken from banks who lend you money. You, then, have to repay this loan to the bank. However, in owner financing, an arrangement is made where you pay the seller in installments along with interest. Such installments are to be paid until the purchase price has been paid off.

Is owner financing a good idea?

Owner financing is a faster way to close a deal. The problem with banks is that you have to go through a lot of red tape to prove income and assets. You have to wait for the loan officer to inspect, their legal team to process documents and approve them. This method may save you money as you do not have to give any bank fees and other costs that come with that, but make sure to compare the interest rates. The down payment arrangement will be flexible as you can negotiate with the sellers. This method comes in handy to those who are unable to secure a traditional mortgage from a bank.

As a seller, is owner financing a good idea?

The most amazing benefit of owner financing is that it is advantageous to the seller as well as the buyer. Just by eliminating the banks, the middle man, both parties enjoy a variety of advantages. The seller can sell the property as it is without having to make expensive repairs that the conventional lenders demand. This is also a safe form of investment as sellers can earn good returns in the form of interest. If the buyer defaults on his payment, the seller can retain the title of the property along with the down payment. As already pointed out above, this is a faster method to close a deal as the buyer does not opt for a mortgage from a bank.

How does owner financing affect taxes?

When one sells his land using owner financing, instead of an ordinary sale, it is considered to be an installment sale. In an ordinary sale, the buyer pays you in a lump sum. However, in an installment sale, the buyer would hand over a down payment on the date of closing and thereon payments until the last installment. When you report a sale as an installment sale, you will be allowed to realize gains over the coming years. Therefore, instead of paying the entire tax in the very first year, you pay smaller amounts of tax and spread the tax over several years.

Who owns the property in an owner financing deal?

In owner financing deals, the purchaser is entitled to the “equitable title”. On the other hand, the seller is the holder of the legal title. The purchaser will be the owner of the property, otherwise, it would amount to leasing.

Can an owner financed mortgage be reported on your credit report?

Owner financed mortgages do not end up on your credit report. This means that you would not receive the boost in your credit that you get when you use a traditional bank loan.

What are the forms of owner financing?

Mortgages and promissory notes are the most common forms of owner financing. The promissory note mentions the borrowing amount and repayment terms. A mortgage, on the other hand, is a different document. It secures the seller in case the buyer defaults.

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