Hye guys!

Heres the problem Ive asked around even few of my "lawyer" friends but they couldnt give me a straight answer.

I want to buy a 300k worth condo and im a cash buyer.Last time i bought a house from family member the law firm gave us this break down.

1. upon signing SPA 10%
2. 6 months period to pay out the balance (90%)

Now I want to know if the 6 months period can be longer or thats the maximum period for the 90% balance?

The reason why i ask this not due to money issue/installment payment is simply because within 6 months i can invest the 90% in lot of stuff and regenerate more money with the money.

Hope you guys can give a decent answer.

Thanks in advance!

Dariofoo,

thanks! it is quite straight forward.I would proceed with the owner on this advice..

Thanks alot may your present help others in many ways in future