“On terms” is a broad phrase, not a complete agreement. Seller financing, a lease option and a sale followed by temporary occupancy solve different problems and create different responsibilities.
Seller financing: payment over time
The seller finances some or all of the purchase. Review the payment schedule, security, title transfer, existing loans and default procedures with an attorney. The promise of a higher total price does not remove collection risk.
Lease option: rent with a purchase option
An occupant rents while holding an agreed option to purchase. The documents need to explain the lease and how the option is exercised. A possible future purchase should not be treated as money already received or a completed sale.
Rent-back: occupancy after a completed sale
A seller who needs time to move may request occupancy after closing. That is different from financing the buyer or waiting for a tenant to purchase. Price, duration, insurance, responsibilities and possession terms need a written arrangement.
Choose the goal before the agreement
- Do you need the full proceeds at closing?
- Do you need time to move?
- Are you willing to remain involved with the property?
- What happens if the other party cannot perform?
Have qualified advisers review the actual proposal. Do not assume SOS provides every structure described here; ask about the purchase terms available for your property.
Compare your options before deciding
SOS Home Offers buys houses directly in Augusta and surrounding Georgia and South Carolina communities. Tell us about the property, its condition and your preferred schedule. We can explain whether a direct as-is purchase may fit; requesting an offer does not obligate you to sell.
Request a no-obligation cash offer
