A Buyer and Seller who plan to work under an Ohio Land Contract must agree upon several items of financial information before they can undertake their seller-financed real estate transaction. Continue reading Financial Information to Create an Ohio Land Contract
It’s quite common for an Ohio Land Contract to have a contract duration of 3 to 5 years with a buyout clause — often called a “balloon payment” — due at the end of that time period.
Let’s examine why that structure is common. Continue reading Ohio Land Contracts and Balloon Payments