Is it okay to buy a land contract deed?

Getting Started
1

Hi
I found a good off-market land deal, but the deed is listed as a ‘land contract.’ Is it okay to buy a land contract deed?

2

Without knowing any other information, it sounds like that property was sold with seller financing, which means the deed is still held by the seller while the buyer is paying it off.

Are you trying to buy the note, or are you trying to buy the property from the original seller or from the borrower?

Unless you’re buying the note (land contract), it doesn’t sound like the title is clear.

3

Thank you Seth! for the information.