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.
When selling a home on land contract the seller acts as the private lender. The buyer provides down payment and makes monthly installment payments to the seller for an agreed upon period of time at an agreed upon interest rate. Usually land contracts are done on a 3 â 5 year balloon.