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Selling/Buying houses with terms.
I have been a realtor for 10 years now and have ran into alot of agents that will not present offers to their clients that are not the traditional bank mortgage/cash offer.  I have bought and sold many houses using Land Contracts, having our closing company create mortgages that the sell holds/ or I hold if im the owner, or just taking over there debt and making the payments for them.  These kind of transactions are called "terms" transactions.  There are 10 times more buyers that can buy with "terms" that there are with a traditional mortgage or cash sale.  Plus with terms I can just about always pay the sellers full asking price and I always get full asking price when I sell with terms.  Anyone looking to sell with "terms" is gong to bank more money.  they get a higher price of sale AND they get interest on the monthly payments owed to them.  
Example:
Traditional sale  $200,000 listed price.  May sell for  $190,000 - the closing costs= about $171,000 ( In western PA the closing cost on listed properties is around 10% of the sales price)
Terms sale $200,00 listed price.  Sell for $200,000 with 20% down payment and create ... more

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