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We all know that today’s real estate housing market fluctuates on a consistent basis. From general economic health to FED interest hikes, external factors can force the housing climate to change overnight.
A real estate land contract is considered to be a legal agreement. It takes place between parties who are buying and selling real estate.
Selling vacant land requires a certain amount of patience. Paying for periodic upkeep while on the real estate market is stressful, while hiring realtors with a modicum of experience handling vacant land can be hard to find.
The sale of acreage in the Greater Philadelphia area is a taxable endeavor, no matter if the land sold is vacant or has an attached structure.