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General Property Information Legal Description: ANNA E RAMSEY ADD EX AVE LOT 8 BLK 9 County: Ramsey Postal City: Saint Paul School District: 625 – St. Paul, 651-767-8100 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage – Light Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: […]
Contract for deed
Property Information Legal Description: PT OF GOV LOT 4, SEC 8-140-26 DESC AS FOL: County: Cass Postal City: Remer School District: 118 – Northland Community Schools, 218-566-2351 Section/Township/Range: 8/140/26 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage – Medium, Accessible Shoreline Road Frontage: Private Zoning: Residential-Single Accessibility: Ramp […]
Contract for deed
General Property Information Legal Description: LOT 024 BLOCK 006 THE HIGHLANDS OF EDINBURGH 6TH County: Hennepin Postal City: Brooklyn Park School District: 279 – Osseo, 763-391-7000 Section/Township/Range: 15/119/21 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: The Highlands Of Edinburgh 6th Common Wall: No Assoc Mgmt Comp: Highlands of Edinburgh 6th Assoc Mgmt Co Phone #: […]
Contract for deed
General Property Information Legal Description: LOT 23 TOG/W S1/2 OF LOT 24 BLK 15 ROSLYN PARK, SUBJ TO EASE OF REC County: Anoka Postal City: Columbia Heights School District: 13 – Columbia Heights, 763-528-4500 Section/Township/Range: 26/30/24 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Roslyn Park Common Wall: No Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: […]
Contract for deed
General Property Information Legal Description: SUBDIVISIONNAME FOREST RIDGE SOUTH LOT 005 BLOCK 001 SUBDIVISIONCD 08014 County: Scott Postal City: Lakeville School District: 194 – Lakeville, 952-232-2000 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Forest Ridge South Common Wall: No Lot Description: Tree Coverage – Heavy Road Frontage: City Zoning: Residential-Single Accessibility: None Power Company: Other […]
Contract for deed
General Property Information Legal Description: Lot 005 Block 002 WESTWIND County: Hennepin Postal City: Eden Prairie School District: 272 – Eden Prairie, 952-975-7000 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage – Light Assoc Mgmt Comp: Preserve Assoc Mgmt Co Phone #: 952-941-8400 Association Fee: $225 Assoc Fee […]
Contract for deed
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.
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