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Updated over 9 years ago on . Most recent reply

User Stats

52
Posts
13
Votes
Brandon Siewert
  • Property Manager
  • Bixby, OK
13
Votes |
52
Posts

Selling via Lease Option, Contract for Deed, etc

Brandon Siewert
  • Property Manager
  • Bixby, OK
Posted

I posted yesterday about a lease purchase and since then I've had 3 more interested parties that would like to either lease own or seller carry, presumably because they couldnt get a bank, but they have all offered five figure down payments.

The house is listed for $78K, owe $63K, 3br/1ba 1400sf, Tulsa OK.  I have a ton of questions on how to structure the deal, but basically, I just want to know my options and what the legal process is to sell "unconventionally".  I understand the math, but I dont want to get over my head in keeping it legal.

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