Originally Posted by wildcatgirl
I have been trying to sell my house for six months now. My realtor's agreement is about to expire, so I thought of listing the property myself as I can sell it for less without the realtor fee. I was considering to advertise it with a land contract to attract more prospective buyers. I understand that there are new laws in Kentucky which gives the buyers more legal rights to the property if they happen to get delinquent on the payments. I understand that I would have to foreclose on the buyers should they default. What type of costs would I incur should I have to foreclose on the buyer? Has anyone had any luck with selling a home on a land contract? I was considering asking for foreclosing costs as cash down on the home, but if it is too much, there is really no since in considering it; as many people who would buy a home under land contract probably don't have any money to put down. Any answers are greatly appreciated!:D