Application Information


  You are about to fill out an application for a property on a Land contract.   A few things to note before completing and submitting the application are:


         A Land Contract is a contract between a seller and buyer of real property in which the seller provides financing to the buyer to purchase the property for an agreed-upon purchase price and the buyer repays the loan in installments. Under a land contract, the seller retains the legal title to the property, while permitting the buyer to take possession of it for most purposes other than legal ownership. The sale price is typically paid in periodic installments. When the full purchase price has been paid including any interest, the seller is obligated to convey legal title to the property to the buyer. An initial down payment from the buyer to the seller is usually also required by a land contract. 

         A Deed will not be issued in the customer’s name until the purchase price (full price of the home) has been paid in full. 

         The benefit of a Land contract is an opportunity for a family to purchase a home over time with low credit requirements and a low money down. 

         The homes are sold in “as-is” condition. Before filling out this application you should have visited and thoroughly inspected the home.  

         If you are approved and you move forward with the contract, you will be responsible for all repairs and maintenance. That means electrical, plumbing, roof, etc. You should inspect the home BEFORE filling out this application. By submitting this application, we assume you have inspected the home and it’s systems. 

         Purchasing a home is a big decision. Whether you are purchasing a brand new home or an older home, there will be repairs and unforeseen expenses. Take this into consideration when deciding if you can afford this home.

         A Land contract customer is responsible for paying the property taxes. Your sales associate should have given you last year’s property tax amount so you know what to estimate for your tax bill. Take this into consideration when deciding if you can afford this home. 

         A Land contract customer must carry a “hazard/collateral” insurance policy for the purchase price of the home, which only covers the structure and not personal belongings. The "hazard/collateral" insurance on the home will be added to your monthly payment to ensure that the structure is covered at all times. We highly recommend purchasing renters insurance, which will cover belongings in the home if anything were to happen. Renters insurance is affordable and most car insurance companies can add renters insurance to your policy. EasyHomes will not be held liable for any damages or loss of belongings inside the home.

         If there is an HOA, a Land contract customer is responsible for the dues. The sales associate should have told you whether there is an HOA, and if so, what the monthly, quarterly, or annual fees are. Take this into consideration when deciding if you can afford this home.

Click the button on the right to begin the application process.