Updated over 15 years ago on . Most recent reply
Land Contract on Primary Residence
I'd like to sell my primary residence via Land Contract. It's worth approx. $250K, I owe $176K, @ 4.125 % $848.14 PI.
I don't pay property taxes but would if this wasn't my primary residence. How to go about it? Good down payment? Fair interest rate to charge? Would the buyer be responsible for HOA, property tax, etc; as I'd have to factor those into the monthly payment. Don't need the buyer to bank finance anytime soon. I'm in SC.