Seller FAQs

Yes, Heartland Management buys all real estate product types. If you have any real estate and are interested in selling it, please contact us and we'll discuss next steps.

There are a lot of factors when determining that value of your property. The most important is location, condition and if it is currently being rented or not.

Contact us and we'll be able to discuss market value is you in more detail. Our team is highly specialized in property valuation and acquisition.

We are currently focused on purchasing homes in Central Indiana. With that said, we will look at all areas, especially for larger, multi family properties.

We are licensed in several states, including Indiana. You are welcome to use a real estate agent to help you navigate the transaction, or we can help you as well.

Our acquisition team has hundreds of transactions helping both buyer and seller through the process.

Yes, we always like to keep an existing occupant in the property as long as they are abiding by the lease agreement.

Sellers that offer seller financing of their property has several advantages:

1. Broader Market: Attracts buyers who might struggle with traditional financing.
2. Higher Sale Price: Can command a premium due to the financing flexibility.
3. Steady Cash Flow: Monthly payments can provide a consistent income stream.
4. Potential Tax Benefits: Spreading the sale's income over several years might reduce annual tax liability.
5. Reduced Closing Costs: Avoids some bank-associated fees.
6. Faster Sale: Can expedite the selling process without waiting for bank mortgage approvals.
7. Retained Interest: Earn interest from the financed amount, often at rates better than other investments.

We have structured many seller financing deals that have worked for both buyer and seller.

Please contact us and we'll be able to discuss the options in more detail.

A "contract for sale" (often called a land contract or contract for deed) is an agreement where the seller retains the title to the property until the buyer fulfills payment terms. Only then is the title transferred. A "note and mortgage" involves two documents: the promissory note (which details the borrower's promise to repay the loan) and the mortgage (which secures the loan using the property as collateral). In this scenario, the buyer gets the title immediately but the lender can foreclose if the buyer defaults on the note's terms. Essentially, they differ in when the property title transfers and how the loan is secured.

This depends on the type of financing. If Heartland Management is paying cash or seller financing, we can close within 7-10 days. If Heartland Management is getting a loan, it could be 30-45 days for financing.