Many land buyers in Maine like to look towards seller finance options when investing in land for sale in Maine. The terms may be slightly different with each owner but in general the benefits include:
- Lower down payment deposits than conventional land financing with a bank
- Buyers can also close quicker as sellers do not charge early pay off fees for those buyers who want to pay off the land quicker
- The closing costs in general are much less than the bank loans.
The process is actually quite simple as compared to bank financing. You can either look for large parcels of acreage or small building lots for your home or camp. Buyers also like to use the owner finance option when looking at waterfront land which could be on a lake, river, stream or even ocean front. If you are looking to buy land in Northern Maine with seller finance, I am nearly certain you can find what you are looking to purchase. The http://www.mainelandbroker.com/ site has many seller finance properties if you are moving to Maine or just looking to recreate in our wonderful state.