Posted by Nancy Cason on February 13, 2000 at 07:31:40:
When you say agreement for sale are you talking about some type of owner financing? The words agreement for sale by themselves do not indicate financing method.
The decision of which type to use is yours, subject to negotiation of course.
How much money is on the table and how much control do you wish to keep in your hands? Do you intend to sell the note or hold it in house? How easy do you want reposession to be in case of default? These issues and many more determine which type of financing is best for you.
The type of deal(s) you do and your financing expertise and knowledge will determine the financing method.