Question

Which of the following would be most advantageous to a seller who sells a parcel of real property by using a conditional sales contract instead of using a grant deed and carrying back a first trust deed:

A) The buyer under the land contract holds equitable title and is entitled to the full use and enjoyment of the property
B) This method allows the property to be sold when conventional financing is difficult to secure
C) The seller retains legal ownership of the property until the buyer makes the final payment
D) The requirements for a down payment and other financing terms are flexible

Answer 1

The most advantageous option for a seller who sells a parcel of real property using a conditional sales contract instead of a grant deed and carrying back a first trust deed is for the seller to retain legal ownership of the property until the buyer makes the final payment.

Step-by-step explanation:

The most advantageous option for a seller who sells a parcel of real property using a conditional sales contract instead of a grant deed and carrying back a first trust deed would be option C) The seller retains legal ownership of the property until the buyer makes the final payment.

This method provides the seller with more security and control over the property, as they retain legal ownership until the buyer fulfills the terms of the contract. This ensures that the seller will receive the full payment before transferring the legal ownership to the buyer.