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General Property Information Legal Description: SUBDIVISIONNAME FAIRCHILD’S GARDEN LOTS LOT 1 SUBDIVISIONCD 57420 PT LT 1 DESC AS FOLL BEG AT IM ON LN PARL TO & 33FT S OF E-W 1/4 LN SD SEC AT PT 347.5FT W OF N-S 1/4 LN THN S ON LN PARL TO SD N-S 1/ County: Washington Postal […]
Contract for deed
For Sale
General Property Information Legal Description: Block 001 Helmicks Addn to Mpls Lot 36 ad that part of Lot 35 lying N of S 12.78 ft Thof County: Hennepin Postal City: Minneapolis School District: 1 – Minneapolis, 612-668-0000 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Corner Lot, Tree Coverage – […]
Contract for deed
General Property Information Legal Description: LOT 016 BLOCK 003 WEST WINNETKA TERRACE 5TH ADDN County: Hennepin Postal City: Crystal School District: 281 – Robbinsdale, 763-504-8000 Section/Township/Range: 19/118/21 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: West Winnetka Terrace 5th Add Common Wall: No Lot Description: Tree Coverage – Light Road Frontage: City, Paved Streets Zoning: Residential-Single […]
Contract for deed
For Sale
General Property Information Legal Description: LOT 001 BLOCK 004 HADLEY HILLS County: Hennepin Postal City: Plymouth School District: 284 – Wayzata, 763-745-5000 Section/Township/Range: 31/118/22 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Hadley Hills Common Wall: No Lot Description: Corner Lot, Tree Coverage – Medium, Underground Utilities Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Make your […]
Contract for deed
General Property Information Legal Description: LOT 4, BLK 2 County: Sherburne Postal City: Big Lake School District: 727 – Big Lake, 763-262-5218 Section/Township/Range: 5/33/27 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Pine Ridge Estates Common Wall: No Lot Description: Tree Coverage – Heavy, Irregular Lot Road Frontage: Paved Streets Zoning: Residential-Single Accessibility: None Pasture Acres: […]
General Property Information Legal Description: LEXINGTON POINTE 3RD ADD 6 3 County: Dakota Postal City: Saint Paul School District: 196 – Rosemount-Apple Valley-Eagan, 651-423-7700 Section/Township/Range: 26/27/23 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Lexington Pointe 3rd Add Common Wall: No Lot Description: Tree Coverage – Light Road Frontage: City, Paved Streets Zoning: Residential-Single Accessibility: Doors […]
Contract for deed
For Sale
Minneapolis and Saint Paul
FIND YOUR DREAM HOUSE TODAY WE HAVE HOMES THRU OUT THE STATE OF MINNESOTA AND WISCONSIN
Steve Vennemann Contract for deed realtor
Contract for deed Financing
How a Contract For Deed Works
Is contract for deed the right option for me?
Benefits for contract for deed
Seller/buyer benefits:
- Both the buyer and the seller can make substantial savings in Closing Costs
- The contract for deed buyer can Negotiate interest rate, repayment schedule, and other conditions of the loan.
- The cd buyer can request special conditions for the purchase, such as inclusion of Household appliances.
- The borrower does not have to qualify with a loan underwriter.
- There are no PMI insurance premiums unless negotiated.
- The seller can receive a higher yield on his/her investment by receiving equity with interest.
- The seller could negotiate a higher interest rate.
- The seller could negotiate a higher selling price.
- The property could be sold “as is” so there will be no need for repairs.
- The seller could choose which security documents (mortgage, deed of trust, land sales document, etc.) to best secure his/her interest until the loan is paid.
- Contract for deed buyers can close on a property within 10days if they choose too. Closing could be faster if they choose not to do a home inspection that usually takes a few days to be completed along with title work.
- Sellers usually require 10% down of the sale price of the house to do a land contract. Credit usually isn’t an issue. We have sold homes to buyers with bankruptcy-short sales-foreclosures-tax liens-short term employment-relocation and much more. Buyers do not have to go thru the whole process of underwriting-appraisals-cheaper closing costs.
Sellers will carry the contract for usually 3-5 years on average. Rates are fixed usually on 30 year amortization schedule.
There are 100s of properties to chose from when it comes to Owner financing.
We recommend Contract for deed Financing over Rent To Own or Leasing.
Home Owner ship verses renting.
The buyers get tax breaks with Contract for deed financing.
- Home Owners get to change the paint.
- Have pets.
- Build equity.
- Sell the home if they choose to and take the equity out.
- Quick closings.
Rent to Own .
It is actually what the name is the Renter rents the properties for a certain period of time with the option of purchasing the house for a set price. Usually a small portion of the Rent goes towards the purchase price.
We would love to hear from you.
Send us a message we can help you find your dream house.
