[Porsche-O-Phile]

The buyer would have title to your house however (unless you're doing an extended-term purchase option arrangement of some sort) and if the buyer defaults (which is a big concern these days with rampant job losses in all sectors), you'd have to negotiate foreclosure proceedings as a private individual, which I'm sure isn't all that easy. Possible downside as the seller. Just something to think about, but as a general rule I think that purchase/options or owner-will-carry arrangements have a lot of potential upside for both parties: no banks, no real estate agent commissions, no complicated approval processes, etc. The buyer can usually get in with a lot less money down and the seller can make a lot more money off the sale long-term.

I'm actually really surprised these haven't made a bigger comeback in this downturn than they have - but maybe that's still coming.