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Updated July 28, 2023

A Nebraska land contract is a purchase agreement between two parties for the sale and exchange of vacant land. The seller and buyer must draft the land contract with all applicable transactional terms, such as the agreed-upon purchase price and any financial contingencies, as well as with relevant legal descriptors of the land/lot as they appear on the deed. The purchaser may also utilize this contract as an offering to which the seller can either accept, counter or reject. The parties will execute the contract and schedule a closing date upon reaching mutual terms. The seller will sign the deed to the new owner at closing, thus completing the transaction.

Where to Record? (NE Code § 76-238) – All deeds must be recorded with the Register of Deeds located within the jurisdiction of the real estate.