PARTIAL OWNER FINANCE
OPTION TWO
as of September 08, 2018
BUYER agrees to buy the house “AS IS – WHERE IS” including 4 lots, for a total of 150K
(Repairs or improvements by the SELLER can be negotiated)
BUYER pays all selling costs.
The minimum down payment is 80K. (NOT NEGOTIABLE)
There will be NO PAYMENTS NO INTEREST FOR ONE YEAR on the remaining balance. One BALLOON payment, after one year, for the remaining balance after the down payment.
An option of delaying or reducing the BALLOON payment due, can be written into the contract. This option will then include an interest charge of 1.5% per month, until the final total of 150K has been paid off.
SELLER will vacate the house and garage in 30 days and will clear the property in 60 days. (negotiable)
The removal or retention of the temporary structure near the South-West of the house is you choice at my expense.
The removal or retention the rental trailer at the rear of the property and its income are to be negotiated. (see separate sheet).
BUYER, at his / her option, may negotiate the first right to purchase the three adjacent lots to the South. (see separate sheet).
return to: Further details and options:
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