An Installment Sales Contract is a contract whereby a seller agrees to sell the property to a Purchaser for a fixed amount and the Buyer pays the Seller that price over a set period of time.  In essence, the Seller is acting like a bank by letting the Purchaser finance the purchase with the seller.  Most often Installment Sales Contracts are entered into because the Buyer cannot obtain traditional financing.  In a typical Installment Sales Contract the Buyer makes monthly principle and interest payments to the Seller and once the Seller has been paid in full, Seller deeds Purchaser the property.  A benefit to an Installment Sales Contract is that the Buyer occupies the property and may be able to qualify for legal residence on his property taxes.  For more information about Installment Sales Contracts please contact one of our attorneys.

Installment Sales Contracts Attorneys

James Randall Davis

(Ph) (803) 359-2512

(Fa) (803) 359-7478

John F. Fisher

(Ph) 803-359-2512

(Fa) 803-359-7478

Lisa Lee Smith

(Ph) (803) 359-2512

(Fa) (803) 359-7478

Ryan M. Wingard

(Ph) (803) 359-2512

(Fa) (803) 359-7478