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Providing a superior level of informed, professional servics to real estate sellers and buyers in the greater Schuylkill County area. Schuylkill Haven real estate.

Schuylkill Haven homes for sale. Ashland real estate. Ashland homes for sale. Pottsville real estate. Pottsville homes for sale.  Hegins real estate. Pine Grove real esate. Pine Grove homes for sale Orwigsburg real estate. Orwigsburg homes for sale. Lake Wynonah real estate. Lake Wynonah homes for sale. Hegins real estate. Hegins homes for sale. Tamaqua real estate. Tamaqua homes for sale. Shenandoah real estate. Shenandoah homes for sale. Mahanoy City real esate. Mahanoy Area homes for sale.  Realty World We Get Results, real estate for sale, real estate, realty, reality, Schuylkill County, homes for sale, real estate for sale. realtor, realator, real estate professional. Realty World Schuylkill County.

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Land Contract

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the land contract buyer on fulfillment of the land contract obligations.

A land contract can be helpful for those who need time to establish or improve their credit rating. There are only small closing costs, and payment can help establish a good mortgage payment record. This can help establish an overall good credit rating, and it is possible for the buyer to later refinance the land contract with a conforming loan.

On the other hand, there are risks associated with land contracts. Land contract purchases are not necessarily recorded in the public record, and there are no guarantees that the seller will be able to transfer a clear title to the buyer upon fulfillment of the land contract. There also is no lender assuring that the purchase price for the property is justified, and no inspection of the property’s condition.

Another alternative to a non-conforming loan is assuming the seller’s mortgage. By assuming a mortgage, if the mortgage is assumable, it is possible to save on closing costs, and may allow you to obtain a favorable interest rate.

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OUR AGENTS

Our agents are here to help you with all your real estate needs. We cover all of Schuylkill County and offer many years of experience. Remember - "The Right Agent Makes All The Difference In The World."

WENDY E.
KNORR

Broker/Owner
REALTOR®

HELEN M.
MIERNICKI

Associate
Broker
REALTOR®

JEFFREY
BAMFORD

REALTOR®

GINA 
WARHOLA

REALTOR®

CARL V.
RARING

REALTOR®

ROB
FETTEROLF

REALTOR®

NIKI 
FELLOWS

REALTOR®

 

JASON R.
LARSEN

REALTOR®

Equal Housing OpportunityMLS membershipReal Estate ABC Standard AwardReal Estate ABC Gold AwardRealEstate ABC - Real Estate and Home Buying NewsREALTOR® certificationYahoo® Real Estate Classifieds

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