What is an Installment Sale Purchase?
Arranging for an installment purchase is sometimes the only way a buyer can purchase a home. It also allows homeowners to build alternative credit and build their credit so they can refinance.
If you are thinking of buying or selling an home in Maryland give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2011 I am waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the admin fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.
What is an Installment Sale Purchase?
An installment sale, otherwise known as a "contract-for-deed", is a creative financing technique utilized in the purchase and sale of real estate. Because it involves "seller-financing", it effectively eliminates the need for the buyer to apply with a bank or mortgage company in order to get qualified for a mortgage loan. Here at Dennis J. Zisa & Associates, we specialize in this type of transaction. Because we deal with numerous investors and developers, we are in a position to list and maintain a constant inventory of homes where the sellers are willing to hold the financing, and accept the balance of their proceeds in monthly installments. This presents an invaluable opportunity (and in some cases the only chance) for home-ownership, when a prospective buyer has "problem credit", or is unable to sufficiently document his income. The installment sale buyer need only to come up with the required down payment, typically $4000 to $6000, depending on the home he selects. The balance on the installment contract is paid off in monthly, fixed rate payments, just like a mortgage.
Dennis J. Zisa & Associates, Inc.
1213 S.10th St. Camden, NJ
1-800-815-9472Contact Us Online
Website: DennisJZisa.com
connect with us on...
Comments(1)