Land contracts have started to see growth and have become a creditable option for homebuyers to use since the mortgage crisis of 2007-2010. They are used when a buyer is not willing to go through a bank or other type of mortgage company, or when they may not have the credit score they need or meet the qualifications of the application for the house they want. But what is a land contract, and how does it work? What are the pro's and con's of obtaining a land contract? At Southern Title of Ohio , we believe it is important to know what you are getting yourself into, so in this article we will go over these topics so that you know if this option is right for you. A land contract is a written legal agreement that is used to buy real estate, such as vacant land, a house, an apartment building, a commercial building, or any other kind of property. It is similar to a mortgage, but instead of borrowing money from a lender or bank, the buyer makes payments to the real estate