Residential Sales

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You can purchase a home from the Land Bank. 

Click here to search for structures available for sale.  Many of these structures are in need of significant repair.  If you find a house that you may be interested in purchasing, please submit a Residential Property Interest Form to the GCLBA as indicated on the application. Please allow at least 90 days for your application to be reviewed. After the review is complete, a sales team member will contact you by phone or email to schedule a showing of the property. The Land Bank has a strict policy on showings

If you are interested in purchasing the property after the showing, contact a sales team member to place an offer. If there are multiple offers on the same property, a highest and best bid must be submitted in writing. The sales manager then reviews the offers and a sales team member will call or send a letter to inform you of the sales manager’s decision. Deposits must be paid within 7 days of acceptance. Closings must occur within 21 days of offer being accepted. 

Current year foreclosure property inquiries will not be reviewed until the Genesee County Treasurer has deeded the property to the GCLBA. This occurs on January 1 of the year following the foreclosure.

Inquiries on properties with pending demolitions will not be reviewed until demolition has been completed and property has been released.

 

Land Contract Rules & Terms

  • Land contract offers are not accepted on homes renovated through the Neighborhood Stabilization Program.
  • A minimum 10% down payment is required on land contracts.
  • A closing deposit of $107 is required within 7 days of offer acceptance. Canceled or missed appointments will result in loss of deposit.
  • All land contracts have an interest rate of 7% and a $2 collection fee set by the GCLBA board.
  • The Land Bank will not except land contract offers on properties listed with a realtor.  

The Land Bank has sold more than 1,700 houses in Flint and Genesee County. These houses, once abandoned, are now occupied by community members who pay taxes and value responsible property ownership. Learn more about how and why we promote affordable homeownership by watching this five-minute video!

MISSION

The Land Bank's mission is to restore value to the community by acquiring, developing and selling vacant and abandoned properties in cooperation with stakeholders who value responsible land ownership.

                                                                   

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The Genesee County Land Bank is an equal opportunity provider and employer. 

452 S. Saginaw Street, 2nd Floor
Flint, Michigan 48502

PHONE: 810.257.3088
FAX: 810.257.3090