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stubuzz

Buying a house with installments paid directly to the owner

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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.

 

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

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Posted (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 by balo

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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?

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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?

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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. 

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