I am new to seller financing. I am wanting to know what are typical or traditional Seller Costs and Buyer Costs…in doing the transaction?
I also am needing to know with me as the new buyer what is customary in taking over the current taxes & insurance for the property?
I understand that having a change in the insurance policy holder name may cause some confusion with the insurance company and potentially could instigate the due on sale clause.
Any help is appreciated.
Thanks, Joe