Taking payments for sales

Taking payments for sales

I have a crib that I'm trying to sell on Craigslist. Most of the people have flaked out. There is one who wants it, but can only do payments. Have any of you done anything like this before? I just want to make sure that both of our butts are covered. What I was thinking of is just writing out a simple statement that she'll pay $x every $y and in return I'll hold it until it's paid in full and then give her receipts of each payment made. Any one have any experience you'd like to share on this kind of deal? I've only ever done cash in hand transactions before, and always have been the buyer, not the seller, so I'm kind of out of my comfort zone here :-P
Mystery fruit / seed pod

Mystery fruit / seed pod

Posting my room again..picture HEAVY

Posting my room again..picture HEAVY

Lamps and Stuff

Lamps and Stuff

Got something new to play with today

Got something new to play with today

My son wishes for real spring too.

My son wishes for real spring too.

old rooms

old rooms