peterrabbit Posted June 10, 2020 Share Posted June 10, 2020 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. Link to comment Share on other sites More sharing options...
Darkside Gray Posted June 10, 2020 Share Posted June 10, 2020 Yes, I have done it, ensure that legal sale documents are drawn up prior to handing any money over! Link to comment Share on other sites More sharing options...
balo Posted June 10, 2020 Share Posted June 10, 2020 (edited) 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. Edited June 10, 2020 by balo Link to comment Share on other sites More sharing options...
stubuzz Posted June 12, 2020 Author Share Posted June 12, 2020 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? Link to comment Share on other sites More sharing options...
HashBrownHarry Posted June 12, 2020 Share Posted June 12, 2020 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? Link to comment Share on other sites More sharing options...
mrfaroukh Posted June 15, 2020 Share Posted June 15, 2020 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. Link to comment Share on other sites More sharing options...
ozzey3 Posted September 13, 2023 Share Posted September 13, 2023 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. Link to comment Share on other sites More sharing options...
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