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 North Carolina is a taxable endeavor, no matter if the land sold is vacant or has an attached structure.