Help Advice needed for CD Terms/ Purchase Agreement

[Deanna McCormick]

Would like some opinions and tips..

I'm in negations to sell a rental property in July on a short term contract for deed. Basically closing by Dec 27th of 2017,, so like a 5 mo contract for deed, with large down pymt.

For property taxes would it make more sense for me to pay it in full for the year, and have buyer reimburse me the prorated amount? As I don't believe buyer would be able to deduct property taxes on his taxes, if he doesn't own the property,, (I could be wrong..??)

I found the rental license would not be able to be applied for by new owner until the the contact for deed is paid off, I would need to remain the rental license holder until then. They would receive rents from date of CD.

As far as insurance I'm thinking it would be better for me to pre pay to the end of the year and have them reimburse me for the months they have the CD.. with them listed as co insured.

The reason for CD is they want to pay in cash for the purchase and feel funds will be raised in full by end of year. I have no reason to feel they would back out.