FINANCING TERMS

Some lots are available for seller financing.  

Terms for seller financing:

Lot down payment is 30% of the purchase price.  The balance may be financed over 3, 5 or 7 years at 12% interest. No credit checks.

Here is an example of the monthly payments for seller financing. These examples assume $5,442 down on a $18,150 purchase price.

3 Years: $421.82 /month (plus real estate tax escrow approx. $50/mo)
5 Years: $282.50 /month (plus real estate tax escrow approx. $50/mo)
7 Years: $224.19 /month (plus real estate tax escrow approx. $50/mo)

No prepayment penalties. You can prepay the loan at any time.

This transaction is a Land Contract (also known as a "Contract for Deed"). Upon purchase the buyer and seller will enter into a legal Land Contract giving the buyer immediate legal rights to and access to the property. The seller retains the deed. Once the purchaser completes the payments to the seller, the seller then transfers the deed to the purchaser. The purchaser will receive a Deed fully registered with Charlotte County.

Buyer to pay a $295 closing fee. This can be added to the loan. This fee will also cover the cost of issuing a fully executed Deed when the lot is paid in full.