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Bob Crow, Other/Just Looking in Pima, AZ

What are the pro's and con's of carring paper on land we want to sell?

Asked by Bob Crow, Pima, AZ Mon Sep 14, 2009

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Hi Bob,

The main pro is that you can get it sold, but there are several concerns if you are going to do this. Many people will advise against it, but if you are careful to protect your interests, it should be okay.

I am assuming that you are not using an agent. If you are not, be sure that you work with a professional, namely a real estate lawyer or a title officer that is familiar with the process. I will highly recommend Judy Powell at Chicago Title Northwest Phoenix office for advice. The key thing you need to do is to protect your rights to title of the property. Don't ever sign over fee title until it is fully paid for.

I hope this helps a little.

Susan Ellis
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0 votes Thank Flag Link Mon Sep 14, 2009
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