Archives home sellers

Are Deals On Terms legal?

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Not a frequent question, but a baffling one that we occasionally receive, despite our decade of experience in real estate as Proxima Investors and our esteemed A+ rating with the Better Business Bureau, concerns the legality of our deals on terms. In general, deals on terms are entirely legal across all states, provided they comply with applicable rules and regulations at all levels of government….

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What do our Contracts look like?

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Our approach to contract drafting is tailored specifically to each unique transaction, reflecting the terms agreed upon by all parties involved. As principals in these deals, we have the technical capability and legal authority to craft our own contracts, rather than relying on generic, off-the-shelf documents as other real estate professionals can only use. The process begins with a detailed discussion and agreement on all…

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What is Seller Financing (SF)?

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It’s a Purchase & Sale agreement where the transaction is: In this type of transaction the Seller typically receives regular monthly payments (installments) in addition to a possible, initial downpayment that is credited towards the purchase price. There can also be no downpayment, that’s when the whole amount is financed. It’s similar to a regular bank mortgage loan, and it’s equally secured by the property…

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