Tax consequences. straight sale vs owne financing

[Bill Cippola]

WE are in the process of selling some land in Georgia we inherited back in 2014. We are Georgia residents. Without going into detail it was part of "gift" giving on a planned inheritance schedule below the max gift threshold at the time. Accountant we had back then is no longer around. We have a buyer for the land and they are asking to give us 20% down and that we hold the note for 5 years with a balloon at the end. Higher tax consequences by holding the note and taking payments vs just a straight sale?

Thanks

Bill