How do you negotiate a land contract with a seller who wants a high interest rate?
A land contract is a type of seller financing that allows you to buy a property without a mortgage. It can be a flexible and affordable option for real estate developers who want to acquire land for their projects. However, one of the challenges of a land contract is negotiating the interest rate with the seller, who may want a higher return for their risk. How do you convince them to lower their rate and agree to a fair deal? Here are some tips to help you.