What type of transaction did the Aptons accept for their property?

A land contract is a type of seller financing arrangement where the buyer makes payments directly to the seller over a specified period, with the title to the property remaining with the seller until the full purchase price is paid. In this scenario, the Aptons accepted a land contract for their property, meaning they are providing financing to the buyer while retaining ownership until the agreement's terms are fulfilled. This method can be beneficial for both parties: the seller potentially receives a steady stream of income, and the buyer may find it easier to purchase property without needing to secure a traditional mortgage.

In contrast, a traditional sale typically involves an immediate transfer of title upon completion of the sale, while a lease agreement allows for the temporary use of property without a transfer of ownership. An option contract provides a potential buyer the right, but not the obligation, to purchase the property at a later date, which differs significantly from a land contract where the buyer is committed to making payments towards ownership. Understanding these distinctions highlights why the land contract is the correct answer in this context.