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Can i make a real estate sale with zero interest?
Can I make a real estate sale with zero interest?
Asked By Joe | Naples, FL | 722 views | Selling | 1 year ago
Answer(12)
Marty & Abby Champagne
RE/MAX Market Place
Not sure I understand your question... The buyers pay interest on their loans. Did you mean commissions?
- 1 year ago
Helpful (1)
Unhelpful (0)
Glenda X Bozett
RELI
only if you pay cash.
- 1 year ago
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Gloria Mitchell
Wilkinson Triad Realty
Yes, it is possible to make a real estate sale without any interest, although it may not be the most beneficial option for either the buyer or the seller. You might consider offering the buyer a discount on the purchase price if they are willing to pay the full amount up front in a lump sum.
- 1 year ago
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Brian DiMaggio
Atlanta Communities
A local realtor would be able to handle most of the sales process for you.
- 1 year ago
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Lisa Rittenhouse
Keller Williams Advantage Realty
If you pay cash for the purchase
- 1 year ago
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Raymond Cabral
MVP Realty Associates LLC
It is possible to make a real estate sale with zero interest, but it would require an agreement between the buyer and the seller. The buyer and the seller could agree to a no-interest or low-interest loan for the purchase, or the seller could choose to sell the property for a lower price in exchange for not charging interest. However, it is important to note that such arrangements may not be legally recognized or enforceable, and may also have tax implications for both parties. It is always recommended to consult a real estate professional or financial advisor for guidance on these types of transactions.
- 1 year ago
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Pamela Merriman
616 Realty
Not sure I understand your question, but if you mean commission I would contact an agent in your area. I can refer you to a Naples agent.
- 1 year ago
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Jennifer Lee
Campus to Coast Realty
It sounds to me that you are a seller. When you sell you do not have interest on the sale. You will have closing costs and expenses.
- 1 year ago
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Duke Padilla
West USA Realty
Interest rates vary depending on the market and with a buyers credit score. A lender can determine the current interest rate for a buyer rather quickly. The only way to have 0 interest is to buy the house cash.
- 1 year ago
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Barbara Brodrick
KW Advisors
Not sure what the question is. But with a cash purchase that is the only way you will not pay interest since there is no loan if that is what you are referring to.
- 1 year ago
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Megan Kilmer
Revest Homes, Inc. - Dream Catch Properties
You can sell a property and carry the note having the buyer pay you zero-interest. If you are need to have a no interest loan on the property for religious reasons (or personal philosophy) there are loans that charge an up-front premium instead of interest and then the buyer only has a monthly principal payment.
- 1 year ago
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Brian Madsen
EXIT Real Estate Property Solutions
Only if you pay cash for the purchase !
- 1 year ago
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