Maine Land for Sale by Owner Cash Only

If you are a Maine land owner and have some property that is not getting used or is costing you more to maintain than you get out of it, you should look at ways to put it to better use. Selling Maine land to a buyer who will build on it or at least use it for the purposes for which you bought it, is one way to do that.

Unlike most houses, Maine land is not easy to finance through the banks. The banks usually do not like lending on large, undeveloped parcels of land. For that reason many Maine land owners sell their property by offering owner financing on a percentage basis. This helps the buyer afford that extra bit of Maine land he or she wants but cannot afford to buy in full outright.

It also helps the seller save the commission that would be paid to a real estate agent or broker. That is a significant amount of money.

Owner financed Maine Land for Sale by Owner – Cash Only often comes with terms that will allow the buyer to use his or her new piece of Maine real estate property in a way that is not possible on bank financed land. It might include building a small cabin on the property. It might be a hunting or fishing camp. Or, it might be a piece of Maine land that can be used for farming and the production of potatoes or blueberries or other food crops.

Many people who buy Maine land for sale by owner financed use it for recreational reasons. That might mean a cheap vacation spot to run away from the fast pace of city life. It might be to hunt and fish on a piece of Maine land that is rich in wildlife. Or, it might be to enjoy a quiet time up in the mountains or on a glacial lake like Moosehead.

Often these types of Maine land buyers will divvy up their newly purchased piece of Maine real estate with friends, family and other sports men or women who enjoy spending time in the wilderness in the state that is nicknamed “Vacationland”. They might even use their piece of Maine for sale by owner financed land to harvest timber for profit or for heat.

Whether they are using their land for recreation, hunting and fishing, logging or simply heating with wood, the Maine land buyer will likely have a lot of rules set in place to help him or her preserve that part of the property by being in compliance with the terms and conditions of the owner financed mortgage on the Maine land for sale by owner. This can keep a Maine land buyer from cutting trees or doing damage to the property that may not be allowed in an ordinary foreclosure. This is why it is so important that the Maine land seller choose a lawyer who has experience in setting up owner financed land sales.