Land Contracts and benefits to seller.
In today's hot real estate market where things are typically selling without being on the market for very long, why would a seller consider a land contract? In my mind, if a seller can sale his property out right.. then why would they entertain a land contract offer? I understand that some sellers would rather not take a huge lump sum on a property for tax reasons. From my understanding though, with land contracts, most buyers put hardly any money down. I have owner financed two properties to buyers in the past, and i required a down payment with both offers. Also, both properties sat on the market for months w/o selling outright. Thanks in advace.
Adam