When selling your land, and you plan on financing your new land buyer, here is a quick and simple way to draft up a Land Contract, or Contract for Deed. This 2 page Land Contract will get you started. Includes most standard clauses that protects you, the land seller in most situations.

Here's the way most use this Land Contract form.

- One, you will need a piece of land to sell :)
- Two, Interest Rate. Determine the amount of interest you would like to charge the land buyer for the term of loan.
- Three, The term of the loan. How long will the loan be for? How long will the land buyer pay you the money owed for the full amount of your lot or acreage.

Here are some of the benefits for selling your land with a land contract. Probably the most important reason, is that you can sell your land with minimal down payment, allowing the first time property buyer to purchase your land, while still maintaining ownership till the contract is paid off. The need to do a judicial foreclosure is not necessary if your land buyer defaults. Eliminating this alone can save you upwards of several thousand dollars.

This land contract is viewable and editable in Microsoft Wordpad. Since every State is a little different, we advise you to check your local laws regarding financing this way. At minimum, have a self help legal assistant proof read it, or have your attorney review for larger sales transactions.