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Updated about 2 years ago on . Most recent reply

Seller financing from a seller's perspective
Hello,
I'm in conversations with my neighbor to sell me her house, and I want to pitch a seller finance idea to her. I want to understand better what this would mean for her, to use that as an argument to convince her on the idea. I understand that she'll be avoiding lots of fees and commissions (including agent fees, inspections, etc), and I also understand that she would be able to avoid capital gains tax as well (?). Can someone explain this better, specially the tax piece of it?
Thanks!
Most Popular Reply

Benefits include low taxes (only taxed on down payment & interest monthly), can close as quick as seller would like, buyer pays taxes/insurance/maintenance, seller makes more money in the long run.