real estate

[Puddintane]

Are land contracts a good way to sell property ???

I have a party insisting on buy my house on land contract.

[buildersmate]

Is this a question related to UK property law? If it is, a 'land contract' almost certainly relates to a separate agreement signed up front that binds you to sell at an agreed price, allowing time for the buyer to check out your property title. It provides them the surity that you won't pull out half-way without same financial penalty. Equally they should pay a price for your initial signature such that if they fail to complete the deal for whatever reason, you pocket the money. Because you use the term 'Real Estate', I suspect this may be a US-inspired question but that's how it can work in the UK.