A mortgage note or A Purchase agreement?

[Jairus King]

I am setting up my first owner financed property to a buyer. I was reviewing the options between putting the deed in the buyer's name or use a purchase agreement and keep it in the companies name. Ultimately I want to sell the performing note. If I were to use a purchase agreement would I approach note buyers with that? The only difference is the deed remains with the company until the balance is met. Sorry to sound so simple, I had been digging around and couldn't really find a straight answer. 

[Wayne Brooks]

They are two different things:

1) A sale, where title passes to the buyer, and you hold a note and mortgage

2) A Contract For Deed (called different things in different states).

Usually a note is easier to sell than a CFD.

Also, the discount you probably will have take on the note, even if performing, will be greater than just selling it outright, for a slightly lower price.....just the way the market prices seller carry notes, and CFD's.