have a good week, people! I have a property in Cleveland and have recently been interested in selling it. A local broker offered me ...
have a good week, people!
I have a property in Cleveland and have recently been interested in selling it. A local broker offered me to do a finance owner. I would be happy to understand what exactly this means and do you recommend?
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
The buyer may not be able to obtain a mortgage for any reason.
Then the seller acts as a bank and gives a mortgage to the buyer.
Then you enter into negotiations over the price, the interest rate, and the amount of years.
When you both agree on everything, you sign a contract with an attorney who knows from that owner finance (because it contracts a little differently from Kenya / regular sale)
And he pays you the amount you set in the contract every month and he deals with the property, you see only the fruits without dealing with anything else.
There is information about this on YouTube / Google.
The intention is to sell the property a little above its value in installments
For you it is a continuation of monthly income free of charge maintenance of the property and instead of cash payment
in advanced
what do you prefer ?
This means to my understanding that you are getting a loan on your property and that way you will have money available for your next investment
Shay Halevy
Thank you dear to the question. This is a super interesting domain and there are a number of forum experts for the object that I am sure will be happy to answer you about!