Need to sell my Columbus OH house using Seller Financing

[Gagandeep Singh]

Hello Everyone,

I need help in selling my Columbus, OH Single Family property using Seller Financing. 

Please reach out in case anyone can help. 

Thanks! 

[Darrin Carey]

@Gagandeep Singh. You really need an attorney and a CPA to advise you on this, and to do the correct paperwork. 

I know how I would structure it, but your needs may be different.

There are two main options for seller financing:

1. A note and mortgage
2. A Land Contract, aka Contract for Deed

Both would accomplish your stated goal, however they each have very different tax consequences, and the foreclosure costs and timelines can be very different.

I'm assuming you have vetted the buyers, verified income, checked credit and everything else you need to do before completing the transaction.

I know an attorney in Cincinnati who is very proficient at these. If you want to have him do the paperwork PM me, and I'll put you in contact.