Porscheâs Mission E may be very explicitly a concept carâits exaggerated lines and ridiculous ride height attest to that. But its mission is abundantly clear: This all-electric performance sedan is out for Tesla blood.
A land contract is a written legal contract, or agreement, used to purchase real estate, such as vacant land, a house, an apartment building, a commercial building, or other real property. A land contract is a form of seller financing.
Under Contract. When an owner accepts a written offer, he countersigns the offer to purchase agreement. This agreement is a contract so signing places the property under contract. Once a property is under contract, the contract is binding and the seller cannot change her mind and sell to someone else. However, if you are still interested in the property, you can submit a back-up offer. If the contract falls through, you could be first in line to buy the property.