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General Property Information Legal Description: LOT 16 BLOCK 3 RUM RIVER TERRACE County: Anoka Postal City: Saint Francis School District: 15 – St. Francis, 763-753-7040 Section/Township/Range: 32/34/24 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Rum River Terrace Common Wall: No Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Public Remarks “seller is touching up the paint […]
Contract for deed
General Property Information Legal Description: Lot-001 Block-002 Hilltop Addition County: Mcleod Postal City: Hutchinson School District: 423 – Hutchinson, 320-587-2860 Rental License Y/N: Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Corner Lot Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Very nice home-possession flexible . pre approved buyers only.. Public Remarks: Cape cod style home […]
For Sale
General Property Information Legal Description: LOT 12 County: Ramsey Postal City: Saint Paul School District: 625 – St. Paul, 651-767-8100 Section/Township/Range: 29/29/22 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Hendricksons Add Common Wall: No Lot Description: Tree Coverage – Light, City Bus (w/in 6 blks) Road Frontage: City, Paved Streets Zoning: Residential-Single Accessibility: Doors 36″+ […]
Contract for deed
General Property Information Legal Description: 40.10 ACRES IN SECTION 29 TOWNSHIP 113 RANGE 022, TO BE SURVEYED County: Scott Postal City: New Prague School District: 721 – New Prague Area Schools, 952-758-1700 Section/Township/Range: 29/113/22 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage – Medium, Tillable Road Frontage: Township, […]
Contract for deed
General Property Information Legal Description: CITY OF NEW PRAGUE Block-001 S 72 FT OF LOT 3 & SE COR OF LOT 4 & LOT 24 LESS S 104.8 FT County: Le Sueur Postal City: New Prague School District: 721 – New Prague Area Schools, 952-758-1700 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: City of […]
Contract for deed
General Property Information Legal Description: REG. LAND SURVEY NO. 0119 TRACT L SUBJECT TO HWY County: Hennepin Postal City: Minnetonka School District: 270 – Hopkins, 952-988-4000 Section/Township/Range: 14/117/22 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Reg Land Surv 0119 Common Wall: No Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: As-Is Sale, Rent to Own – […]
Contract for deed
For Rent
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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