Land in Maine for sale.
The small rural real estate markets list and sell more than houses, just homes. Lots of land in all sizes are listed for sale in the Maine real estate buffet of current properties available. For folks that the timing is right to make the purchase of land in Maine.
But unlike buying a house, land is a more difficult animal to tame.
To get financing for a piece of land requires larger down payments, higher interest rates from the lenders used to packaging up a house loan and selling it on the secondary mortgage market.
That's why owner financing is a great vehicle to use to buy land in Maine for sale and providing terms that custom fit the buyer and seller.
More on why owner financing land in Maine works so well and fills the void that banks create with the higher cost obstacles. Banks don't get to sell the land mortgages on the secondary market and have to hang onto the paper. As interest rates rise, they are stuck with lower return mortgage notes.
The owner financed Maine land provides a nice annuity for the seller of the land and often times the seller does not need to replace the property. So they can wait for the sale's price divided into the monthly installments.