All Forum Posts by: Alex Fanning

Hey everyone, 

I’m selling my primary residence, I owe 195k still. I will be profiting 200k. I had the perfect situation, I was selling by owner and had a cash buyer come to me with no agent. No inspections, no contingencies. We signed all the documents and 50k deposit. 150k due at signing and 200k financed over 5 months. The last couple weeks he has managed to lose a large amount of money in the stock market. My question now is there a way to get these deal done, even finance it without having capital gains taxes? Personally I was thinking about doing 50k at signing totaling 100k down, then 300k financed over 2-3 years at 10%. Not sure how that would work with taxes and the bank unless it was lease to own… or am I better off just putting it back on the market. I’m open to all suggestions! Thank you!! 

Thanks so much! 

Hey everyone, 

I’ve got a cash buyer to buy my home. I owe about 200k on it. I’ve agreed to 200k down and 200k financed over 5 months. The next question is should I pay off the mortgage company as soon as the down payment comes or would I be better off keeping it until the full payment has gone through? Would it be safer for insurance purposes if anything happens to the home to keep a mortgage on it? Any ideas or recommendations is greatly appreciated! Thanks :)