3 ms·

So my first thought was, I can see why this would appeal to the seller, but why would a buyer prefer this to getting a loan? There must be some way this lower c

So my first thought was, I can see why this would appeal to the seller, but why would a buyer prefer this to getting a loan? There must be some way this lower cost for the buyer. My second thought was, I'd rather not sell my house if it meant someone was now going to directly benefit from my untimely death.

flal_ 5y ago
It's usually largely under "regular" market value. ( but that's still a bet over the life expectancy of the person ). Also you basically don't pay interests. And in some times you can use the property : the seller use the money to pay for a nursing home for example.