Land contract

[RCS13579]

I'm looking into purchasing a home under LAND CONTRACT in North Carolina, What advice can you give me?

 

[army judge]

I'm looking into purchasing a home under LAND CONTRACT in North Carolina, What advice can you give me?

I suggest you GOOGLE "land contract home purchase North Carolina".
Most anything you need to know is available.
The most important thing to know about such an arrangement is that you won't be treated a sa home buyer.
Land purchase contracts are simply forms of rental agreements/leases.
Very few protections are offered to peopel who choose to go this route, except as tenants.
You accrue no equity in most purchases such as what you mention, and can simply be evicted, not foreclosed against.
If the seller acts financially irresponsible, you could be left with nothing.
Bottom line, renting is better and far less risky, assuming you rent form a financially stable owner.