Buying a house with installments paid directly to the owner

[peterrabbit]

Rent the house for 12 months with a MOA to purchase it at an agreed price at end of lease. If you don't want to purchase you can walk away or if you do then you pay full price.

 

[Darkside Gray]

Yes, I have done it, ensure that legal sale documents are drawn up prior to handing any money over!

[balo]

Whatever you do , remember a house can never be registered in your own name so your wife will have total control over it. A condo can be registered in your own name. But if you can afford to lose the money in case you end up in a divorce, then fine.  

[stubuzz]

On 6/10/2020 at 9:55 AM, Darkside Gray said:

Yes, I have done it, ensure that legal sale documents are drawn up prior to handing any money over!

On 6/7/2020 at 5:08 AM, mariohh1 said:

i sold 3 houses this way and bought land this way never any problem and of course you do a contract with a lawyer like anywhere else too

How much did the layers charge you?

[HashBrownHarry]

On 6/6/2020 at 12:31 PM, Yinn said:

Three lawyer deal.

your lawyer, seller lawyer and another lawyer hold the chanote.

MUST be different lawyer. 

MUST write from the land office on Chanote. 

MUST insurance the house. 

 

Similar to jumnong way.

 

No problem.

Better than pay bank. Also if you want to pay one year the bank will “fine penalty” for pay “to quickly”. Bank never give one year house loan. 

 

Good luck.

Are the interest rates at banks right now not very low due to pandemic?

[mrfaroukh]

Probably they will agree as the economy is bad and he is lucky to be able to sell. But you are the one who is unlucky as you will probably be paying the entire amount. 

[ozzey3]

It can be a win-win situation because buyers might find it easier to secure financing this way, and sellers can often fetch a better price and earn interest on the amount financed. However, both parties need to be clear about the terms.  you might also want to explore shared ownership properties in the UK. i recently explore alta at consort place, these properties can provide an alternative way to own a home, especially if traditional financing isn't the right fit.