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Red Flags To Watch Out For When Buying Owner Financed Land
Commissioned sales people: People who are set up to be compensated based off of commission may “bend the truth” to get the sale. If they are also competing with other salesmen, they may also pressure you to make a hasty decision in order to sell the tract before another salesman does. Real Estate agents are…
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Tips For Buying Owner Financed Land
Be cautious of anyone selling land “FSBO” on a commission. If they’re selling on commission, that probably means they are not the owner of the land and they need to be a licensed realtor. Ask them for their realtor’s license number. If they don’t have one, they are likely “practicing real estate without a license”…