Terms for Land Contract

$500.00 will hold any lot for 30 days.
10% down payment on lot.
6% interest.
Payment due on 1st or 14th of each month.
(figures based on $500 / month payment)
Buyer pays
$550.00 lawyer fee.
Deposit on lot is non-refundable.
Buyer assumes accrued property taxes.

(Based on a 2 year land contract with final balloon payment)

 

 

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