Would consider Land Contract/Contract for Deed (real estate market, house)

[gonzolafacce]

Taking the advice of a poster, I will try and repost the following here.

As it has been a while since I have posted, I would like to throw something out to the group for comment.

The Real Estate market is down , I know.

I have approx a hundred acres in Southern Spotsy, close to the Caroline County Line.

I have been told that 10 Acre lots in the not too distant past had been selling ranged from maybe $10,000. to 15,000 per Acre, or $100,000. - $150,000. per 10 acre lot. I accept that was then and now they would be somewhat less.

I also know that RE has cycles and in probably a year to two years the market conditions will be absorbed and will return and probably shortly thereafter to surpass the economic levels of a short period ago.

My idea is to look for a party who might wish to purchase on a land bank type of deal.

Land Contract or Contract for Deed, however you may know it.

Miniscule down payment, and interest only payments for say 5 years and a low interest rate.

Balloon at 5 years.

Buyer may opt to arrange his own financing at that time or depending on the who what and where, I may consider to finance them.

Should market conditions change earlier than 5 years , pick up and close out may be considered.

My question to all of you the learned multitude would be..... do you think that something like this would be of interest to a buyer in todays market?

Gonzo

[1vaguy]

Good evening all,01/08/09....... I am looking to buy a house with a contract for deed. I have done tthis before and it worked out well for the buyer and seller. I can be contacted at [email]time_4change@ymail.com[/email]. If you are an investor shoot me an email and we can talk about the deal