Lenders use the assessed value of the home and your creditworthiness to refinance the land contract You can refinance undeveloped land but it is more challenging Land contracts are usually short-term agreements ranging from three to five years with balloon payments due at the end of the term.
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Q Can you sell a house that you are buying on land contract if you have not finished paying for it A Yes you can but you will need a good real estate attorney to do this for you one that can structure this type of transaction.
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