AN INSTALLMENT SALE BENEFITS BOTH BUYER AND SELLER

Are you interested in a quick, easy sale of your property for top dollar? More and more people are considering installment sales when they buy or sell a home. Over fifty percent of U.S. homes are owned free and clear, and many other homeowners have only a small mortgage that could be paid off from the down payment. These properties are excellent prospects for installment sales or seller financing.
The primary benefits for the seller include a quick, easy sale for top dollar, deferral of profit taxes, and future interest income. Sellers can carry back a first or second mortgage (often called a trust deed). Other security methods include a land contract, contract for deed, and agreement for sale. There is no delay or uncertainty while the buyer shops for a mortgage. There is excellent interest income secured by the property sold. Moreover, this is a safe investment--if the buyer does not keep up the monthly payments, the seller can foreclose.
The major benefits for the buyer include easy financing with a simple loan application, no loan fees, fast closing of the sale, and the buyer’s interest payments are tax deductible.
Anne is an award-winning full-time professional real estate broker in Apex and Wake County. For professional advice on all aspects of buying or selling real estate, please call Anne Cain at Keller Williams, 919-303-3588, or visit her website at www.annecain.com.