Guide to Land Ownership

When people start looking at land for sale, owner financing isn't typically one of the first things that come to mind. They often think about where they want the land to be located, how much it will cost, and how practical it is for the purpose they have in mind.

Almost everyone knows that property is measured in acres. A typical real estate ad might read "house with 10 acres of land for sale." The problem is that most buyers have no idea how much an acre really is. Even if you break it down to square feet (43, 560) or square yards (4,840).

Although most homes or businesses that are purchased are bought with a mortgage through a bank, an option that is sometimes used for undeveloped land is owner financing. When you see ads for owner financed land for sale, it means that the owner of the land is willing to act as the bank and finance the land to you.

Anyone who has had dreams of owning their own ranch but never thought they would have the money it takes to purchase one have options that can make their dream more affordable. When you see ads for recreational land for sale, it may be misleading.