Legal Question in Real Estate Law in Georgia

Selling home and buyer wants to pay $9,000 down with us financing for 1 year, then buyer purchases after that. Is this a good idea?


Asked on 10/05/11, 10:44 am

3 Answers from Attorneys

Scott Riddle Law Office of Scott B. Riddle, LLC

That is not a legal question, but if all you are considering are the facts stated and looking for answers on the internet, it probably is not a good idea for you to do it. Are we supposed to just imagine things like price, value, etc?

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Answered on 10/05/11, 10:48 am
Cyrus Malekabadi Law Offices of Cyrus K. Malekabadi

Why is the buyer purchasing after 1 year? Is the buyer unable to secure financing for the property? What if the buyer is unable to secure financing after one year?

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Answered on 10/05/11, 11:55 am
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Usually deals like that have problems, but the only person who could answer that would be a lawyer who has actually read the details of the offer. You should NOT sell a home without a lawyer to review paperwork.

A likely problem: the only people who would do this would be people who cannot get bank financing and if they can't now, they probably can't a year from now.

But you need a lawyer. Do not sell a home without one. Do not sign anything without one.

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Answered on 10/05/11, 11:57 am


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