Can the seller just extend the lease option to me after the 6 months or should I just make sure the tenant-buyer has enough funds to purchase the property within that 6 month period.?

I understand that finding the right deal(s) is a key, and not over-extending ourselves.

Hi Stephen, Consider an FHA 203k loan on a fixer and you might extend your affordability (assuming you purchase at a discount).

@Tabia Augustin See if he can extend the closing date.

The thing about seller financing is that while the title transaction may have been accomplished, the aspects of how you put that financing deal together extends the liability and circumstances surrounding the transaction over the term of that loan, the entire deal is never finished until that note has been fully paid as agreed.

In 2010 the government flood insurance was bankrupt and they were extending it month to month by an emergency order.

(hopefully economically fixable, but we are duly skeptical.)Here are the questions, as long as the inspector does not find deal killing, knock down type issues, is it better to: drive the selling price down, OR get the contract extended OR both.My instincts say get as much of everything every-time...

I offered a 21 day close they have 30....on top of it they extended twice because they weren't able to get done in that time.

The bank couldn't refi as you had planned, do you are looking to go private.Can none of the existing creditors extend their term?

A car is a quickly depreciating asset, so to extend the loan term (and liability) doesn't make sense.