A deferred sale is an alternative solution that has many advantages over a traditional sale. If you have little or no equity in your property (i.e. the amount of your mortgage is similar to the value of your property) or if you do not need to receive all the money immediately, this type of sale could allow you to get a much higher price which, in many cases, could be more than the open market value. And we can still offer the sale very quickly if necessary. · Delivery products sold are delivered at least 12 months after the contract is concluded; Otherwise, it could enter into a deferred agreement with us at an agreed price of 210,000 for example. Then, depending on what he wanted to do, he could choose to get some amount up to 75% of the sale price immediately, and then be due to the rest of us. We would pay him interest on the money owed at a higher interest rate than he could receive from any bank. After an agreed number of years, the rest of the money would be paid. According to a data protection authority, an investor agrees to purchase “delivery products” from the issuer designated by the DPA, usually listed securities or managed investment products. The investor pays the purchase price to acquire the delivery products at the time of the DPA entry, but the delivery products are not delivered until a later date (maturity), at least 12 months after the date the investor entered the CCA.
The basic idea is that we are committed to buying your property at an agreed price and exchange contracts. We will then complete the purchase within a number of years. During the period between the conclusion of the contract and the conclusion of the sale, it would be as if the property had actually been sold. We would use the property and would be responsible for paying your existing mortgage and all other property-related costs. The practical effects of this type of sale for you would be exactly the same, as if you had sold your property immediately. Depending on the amount of equity in your property, we can pay some or all of the money in advance or for any amount that can be paid later, we would pay you interest on the money owed. · the cost of maintaining an inventory of delivery products pending the deferred delivery date of the PA would be prohibitive. Depending on the circumstances, the conclusion of the sale may be deferred or the closing may be immediate with the deferred payment.