LandLand contract

Parcel 44, County Rd 218

Fredericksburg, TX

Hill Country acreage, ag-exempt, live oak cover. Texas executory-contract rules apply.

Proposed term sheet

Purchase price$285,000

Down / option fee$20,000 (7%)

Monthly payment$2,580 / mo

Term15-yr contract

Annual Percentage Rate7.9% APR

What this deal means for you

Cash you need to startThat's 7% of the price. A conventional lender would typically want around $71,250.

$20,000

Your monthly paymentAs proposed by the seller. Confirm what taxes and insurance are included.

$2,580/mo

Paid off in fullNo balloon — the payments run to the end and the debt is retired. Full title transfers at final payment on a land contract.

15-yr contract

Sellers are often flexible on the down payment — see what a different amount does:

$20,000down

$2,580per month

Business-purpose transaction: consumer-credit statutes (TILA/RESPA) generally do not apply to commercial or land deals, but state usury, licensing, and disclosure laws do. Diligence and documentation by counsel are essential.

Equal Housing Opportunity. All terms are non-binding proposals until definitive agreements are signed; verify everything with a licensed attorney and use third-party escrow/servicing where required.

Posted by Rae Delgado (INVESTOR)