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Professional Dreamweaver Templates of premium quality for Macromedia Dreamweaver available for immediate download at Vooweb.com. Collection of all-new professional Dreamweaver Templates original, easy to edit, affordable. Dreamweaver templates for professional web site designers. | These Samui villas are built from tropical wood with large window panes and sliding glass doors. The Samui villas architectural style is typical Thai, with ornaments and elaborate wood carving. Characteristic for the Samui villas is the large roofed over terrace where much of the outdoor living takes place.
Land Contracts or Agreements for Deed are created through the sale of an existing piece of real estate. This would be where the buyer would give the Seller a cash down payment and in turn, the Seller would act as the Bank and finance the balance of the purchase or sale price.
On a Land Contract or Agreement for Deed transaction, the buyer of the property will not have the Deed to the property transferred to him or her until the Land Contract or the Agreement for Deed has been satisfied.
The interest rate and terms will have to be negotiated at the time of sale.
Land Contracts or Agreements for Deed are created on many types of property. Some of those property types would be:
1) Residential (1-4 family) 2) Commercial 3) Mobile Home with Land 4) Land Only
We strongly recommend having the final paper work of the land contract to be notarized and filed with the county recorders office to protect the buyer to prevent any dishonesty from the seller such as the following.
1) Seller takes out a home equity loan on the property 2) Decides to sell the house to another person 3) Files for bankruptcy protection (if he does makes sure he excludes the property)
If the seller has a current mortgage on the house we recommend financing the property in your name with a lender within two years.
If you have 20% equity at the time that you decide to finance the property in your name the lender would then probably require very little or zero down payment from you.
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