New Strategy of Vendor Finance
Buying a property is a big decision because it involves huge amount of
money and investment and thus it is to be done with all proper judgments
and in a proper state of mind.
Person who is going to buy a property is
called a...
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New Strategy of Vendor Finance
Buying a property is a big decision because it involves huge amount of
money and investment and thus it is to be done with all proper judgments
and in a proper state of mind.
Person who is going to buy a property is
called a purchaser.
Many a times it happens that you do not have sufficient
amount of money and you have to buy a property at that time you plan on
taking a loan or something.
Vendor finance is a new strategy which is now
used by many people.
Vendors are the people who are selling their
property and in vendor finance the vendors pay the money on the behalf of
the purchaser and the property remains on the name on the vendors until
the whole amount is paid by the purchaser.
The buyer can use the property
in the mean time and when the whole amount is paid by the purchaser the
property is transferred to the buyer’s name.
There are certain terms and
conditions which are pre determined which are set by the vendor and the
buyer have to agree to
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