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Updated over 1 year ago on . Most recent reply

User Stats

15
Posts
1
Votes
Maite Narciso
  • Real Estate Broker
  • Palm Beach Gardens
1
Votes |
15
Posts

Client interested in selling to friend buyer financed - Need advise

Maite Narciso
  • Real Estate Broker
  • Palm Beach Gardens
Posted

Good evening Maite from Florida (currently living in Orlando),

I'm new to BiggerPockets :)

I have a client that is interested in selling her condo to a friend, owner finance.  

Do I use the regular Residential Sale/Purchase contract?  Anything additional clause I need to pay attention for this transaction?

I assume the terms are whatever they are comfortable negotiating, like rate, length of loan and then the title company drafts the details of the loan?

Thank you!

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