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Updated over 15 years ago on . Most recent reply

User Stats

62
Posts
6
Votes
Ryan Scritchlow
  • Contractor
  • Illinois
6
Votes |
62
Posts

Best way to sell a house

Ryan Scritchlow
  • Contractor
  • Illinois
Posted

I have a house I bought for X I then split it into two lots, one empty buildable lot and one with a house that needs alot of work.

Currently I have the house for sale for 3X and the lot for 2x
I would prefer a straight up sale but if not whats he best way to get it moved?

option 1
take x for a down payment and hold a note for 2x at 29% for 2 years

Option 2
Sell an option to buy for $1 for x up front and then lease payments that equal 2x at 29% over 2 years

What other options might I have I paid cash for the property so I can do what ever in terms of title

Thanks in advance

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