Copyright © 2005 - 2018 Movoto, Inc. All rights reserved. CalBRE #01517281 517-879-4141 Trouble Finding Local Owner Financing Homes Listings? Create a high quality document online now! If you can#8217;t secure conventional financing, no worries! www.LandContractHomesIN.com offers great homes in and around INDIANAPOLIS. While land contracts refer to direct contracts between a seller and a buyer, whereby houses for sale under 450k near me sellers provide the financing in the form of the property and buyers make payments through installments until the contract amount is fully settled. On the other hand, a rent to own contract refers to an option which allows home buyers to rent a house and thereafter purchase the option to buy it after an agreed period of time. Contracts for deed – also known as land contracts, installment sales or bond for deed – proliferated nationally and particularly in the Midwest in the wake of the 2008 subprime mortgage crisis. Rent-to-own – sometimes called leases with an option to purchase – have similar characteristics that often shift the advantage of such transactions to sellers.