Lancaster County PA Realty Check: Installment Sale Offered on Lancaster PA Home

Installment Sale Offered on Lancaster PA Home

1465 Drake Lane, a showplace in the desirable Veranda subdivision,  is now being offered as either an installment sale, or as a conventional purchase.  With your good credit and 10% down payment, the owners may approve  a structured sale in which you make monthly payments directly to the seller for a period of time, rather than immediately needing to obtain a mortgage.

The Installment Sale option can be very useful for buyers who may need to transfer quickly, but who have their own home to sell in a slow market,.  It also helps buyers who may not yet have worked enough time on a new job to qualify immediately for a loan.

1465 Drake Lane, Lancaster, PAOn a premium lot, this stately Georgian style brick home with its gables, overlooking a pond and farmland, has every upgrade imaginable.  Period characteristics such as wainscoting, chair rail and crown molding throughout blend with the most modern of conveniences.  Among its' many fine features are a sunken grand family room with a lovely fireplace and tray ceiling, master bedroom suite with gas fireplace, and a gourmet kitchen that includes a sunny English garden room.   With a three car garage, 3-1/2 baths and over 4,000 SF, this lovely home is now offered at the reduced price of  $549,900.

Veranda is a beautiful community in East Hempfield Township, close to shopping centers, the Lancaster Health Campus and hospitals - yet in a historic setting overlooking a pond and picturesque barns and farmhouses.  Miles of walking trails and sidewalks meander through this well-planned community

The location is ideal.  If you would like additional details, or you would like your own private showing of this fine home, please call (717) 951-5552.


Brian Schulman offers expert real estate representation for buyers and sellers of homes in Lancaster County, PA.  To learn more, visit

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Comment balloon 3 commentsBrian Schulman • July 31 2009 01:36PM


Brian, I bet your headline brings in a little action!  Looks like a nice house - I hope it moves quickly for you.

Posted by April Hayden-Munson, Brookfield Wisconsin Real Estate almost 10 years ago


I am encouraging seniors and others with income property to consider installment sales .... both for tax reasons and income. Afterall if they sel l and put it in the bank or Wallstreet, what will they earn?....nothing.

Posted by Trey Thurmond, College Station , Texas Homes (BCR Realtors) almost 10 years ago

April, that's my hope!  Luxury home conventional sales have been slow.

Trey, if they sell and earn 2% in the bank, and inflation goes up 5%, what have they gained?

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) almost 10 years ago