Delayed Settlement

Discussion in 'The Buying & Selling Process' started by Ketsle, 12th Dec, 2018.

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  1. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Oh and a common 30 year settlement period used to happen when purchasing a property via an installment contract. 30 year settlement with payment in stages.
     
    Terry_w, 13th Dec, 2018
    #21
  2. NHG

    NHG Well-Known Member

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    Would you see this used for run-of-the-mill properties, or is this for large development sites.

    I'm trying to wrap my head around the benefit of a 30 year settlement. I would imagine for large development sites. Installments adjusted to inflation or something.
     
    NHG, 13th Dec, 2018
    #22
  3. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes residential properties too. Just look for vendor finance type deals. The vendor makes money on the selling for above market value plus charging 2 to 3% higher on the interest rate.
     
    Terry_w, 13th Dec, 2018
    #23
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