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Updated over 1 year ago,
Client interested in selling to friend buyer financed - Need advise
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!