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Updated 1 day ago on . Most recent reply

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Ian Russell
  • Real Estate Investor
  • San Jose, CA
17
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39
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Can i sell my duplex that is paid off and offer financing to the buyer?

Ian Russell
  • Real Estate Investor
  • San Jose, CA
Posted

Question I have a duplex that is paid off.  I listed it for sale and haven't had a lot of action on it.  Its paid off already.  Can I sell it and offer like a 5.5% interest rate and carry the deed for the house?  Lets say I sell it for 500,000 thousand and require 20% down and charge 5.5% or 6% interest rate on the remaining balance?  Just curious if this is something I can do individually?

thanks

Ian

Most Popular Reply

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Ken M.#1 Buying & Selling Real Estate Contributor
  • Investor
  • San Antonio, Dallas
593
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Ken M.#1 Buying & Selling Real Estate Contributor
  • Investor
  • San Antonio, Dallas
Replied
Quote from @Ian Russell:

Question I have a duplex that is paid off.  I listed it for sale and haven't had a lot of action on it.  Its paid off already.  Can I sell it and offer like a 5.5% interest rate and carry the deed for the house?  Lets say I sell it for 500,000 thousand and require 20% down and charge 5.5% or 6% interest rate on the remaining balance?  Just curious if this is something I can do individually?

thanks

Ian

Yes, you can do that. But as has already been mentioned, you should have someone you trust help you work out the details. There are plenty of details.

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