Posted by Tiffany What kind of transaction would this be called when if I were to search for homes on the MLS and buy one? These are the search terms for Financing Terms they provide: What kind of transaction would I call it when I sell it? I am confused because Texans are afraid of "Contract for Sale" and "Contract for Deed"
on 4/28/2004, 2:36 pm
66.142.144.206
I don't know what to call a Contract of Sale in Texas. I am licensed, and when we do a Lease with the Option to Buy, it is treated like a lease and the down payment is not collected until the 12th month of the lease, if the tenants choose to buy. Lease/Purchases are treated the same way.
Lease Purchase (can't collect down payment up front), Wrap, Owner Financing, or Assumption?
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