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Installment Contract PDF  Form

Installment Contract PDF Form

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one way to look at an installment sale from a real estate perspective is when the seller acts as the bank and carries a note for the buyer so the buyer doesn't have to go out and get a normal loan the seller and the buyer will agree on terms of the note and the interest rate now this usually happens when the seller has a free and clear property and doesn't have to pay off an existing mortgage often the loan term is interest only payments so that the seller and buyer don't have to figure out the amortization schedule so the buyer will be making monthly installment payments to the seller over the term of the loan I typically see loan terms of two to five years for the typical installment sale in addition to a seller installment sale there's also something called a qualified intermediary installment sale where the qualified intermediary takes the seller's place and the buyer will be making installment payments to the intermediary instead of the sell

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