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Updated over 4 years ago on . Most recent reply

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369
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Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
329
Votes |
369
Posts

Transferring window loan to next owner

Ryan Cleary
  • Real Estate Agent
  • Saint Lucie, FL
Posted

Working with a seller who has just purchased 15k of new windows for his home on loan from renewal by andersen.  I have seen it before with solar panels where the new buyer will adopt the solar panel payments.  Is my seller able to pass off this window payment to the buyer?  Will it be a big deal or deter any potential buyers?

  • Ryan Cleary
  • [email protected]
  • 561-850-8229
  • Most Popular Reply

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    Kyle J.
    • Rental Property Investor
    • Northern, CA
    5,174
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    Kyle J.
    • Rental Property Investor
    • Northern, CA
    Replied

    Why would the new buyer be responsible for this loan?  The current owner chose to finance the purchase, instead of paying cash.  He should be the one to pay it off (just as if he had charged the purchase on his credit card).  I'm assuming it added to the resale value of his home.  Perhaps he can use the proceeds from the sale to pay it off.

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