Posted by John Behle on March 30, 1999 at 09:25:31:
Your LTV ratios are good, but with the lack of credit and seasoning, many buyers will shy away. A local buyer using their own funds may jump at this one though. Shop it around locally.
You don’t say the area, so I cannot comment specifically, but in some states buyers really shy away from land contracts or will not buy them at all. It depends on your local forms and laws. The local buyers will inform you about that.
The insurance requirement isn’t that far out of the ordinary or too much too ask.