SELL a Property with an Installment Land Agreement

Selling a property with an Installment Land Agreement (ILA) is like putting pineapple on pizza. Some hate it, some swear by it. Regardless of your opinion, it's definitely unique. the ILA is a unique process where the buyer pays in installments, and the seller retains the deed until full payment is made. This method offers steady income and potential tax benefits but comes with risks like buyer default and legal complexities. The buyer lives in the property, handling maintenance and taxes, while the seller maintains insurance. Legal restrictions vary by state, so it's crucial to check local laws. Overall, an ILA can be beneficial if you're prepared for the challenges and consult a lawyer to navigate the process. For more on selling with an ILA, click here.