Understanding Land Contracts Land contracts, also known as contract for deeds or installment sales contracts, are agreements where a buyer makes payments to a seller over time for the purchase of real estate. Unlike a traditional mortgage, the buyer doesn’t receive immediate ownership. Instead, the seller retains legal title until the buyer completes all payments. … Read more
Market Overview The Mobile, Alabama real estate market, specifically concerning owner-financed homes, presents a unique segment with distinct characteristics. Understanding these characteristics is crucial for both buyers and sellers navigating this niche market. This overview will examine current market conditions, typical buyer profiles, price comparisons, and key market indicators to provide a comprehensive understanding. Current … Read more