The not so predictable part is timing and somethings it is not so easy knowing what part of the cycle you are in.

The cool part is that IF they do not exercise the option, any and all payments are forfeited and you can sell the home again.I highly recommend that you have an attorney draft these agreements for you if you decide to go this route.  

Only then can you serve the 14 day pay or quit notice and this needs to be attempted to be served in person by an adult third party (i.e. not you!) 

I'm late to this party, but curious what yall's impressions are 3 years later.

Procured a high down payment buyer, which is what worked for this particular situation and structured the deal as a win-win for both parties.

Welcome to the party!

The agreement will lay out all the terms and need to be agreed on by both parties. 

@Jason WilliamsIt’s collected through withholding of 10-15% of the sales proceeds by the title company, closing attorney, or whoever party is facilitating the transaction.Yes it’s because the property is on US soil - see the Foreign Investment in Real Property Tax Act of 1980.The tax rate on and character of the gain are the same as those applicable to US persons.

He made it sound like his LLC and his wife were separate parties for the transaction.)

This law stopped the use of “Blind HUD’s” or “Pass Through-Funding” and lastly required all parties to sign off and be aware of an assignment of contract.