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New Development (this listing covers multiple units) Total Units Available: 10 Total Units Sold: 0 Minimum Price: $350,000 Maximum Price: $1,000,000 General Property Information Legal Description: 35 -125 -28 PARKVIEW ESTATES County: Stearns Postal City: Saint Cloud School District: 742 – St. Cloud, 320-253-9333 Section/Township/Range: 35/125/28 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Parkview Estates Common […]
Contract for deed
General Property Information Legal Description: VAC ALLEY ACCRUING & FOL; LOTS 1 2 3 4 5 6 7 28 29 & LOT 30 BLK 5 County: Ramsey Postal City: Maplewood School District: 622 – North St Paul-Maplewood, 651-748-7410 Section/Township/Range: 15/29/22 Rental License Y/N: No Property Sub Type: Acreage Manufactured Home?: No Complex/Dev/Sub: Gladstone, Ramsey Co, […]
Contract for deed
General Property Information Legal Description: SUBDIVISIONNAME FOREST PARK ADD LOT 1 BLOCK 5 SUBDIVISIONCD 32465 County: Washington Postal City: Forest Lake School District: 831 – Forest Lake, 651-982-8103 Section/Township/Range: 9/32/21 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Forest Park Add Common Wall: No Lot Description: Irregular Lot, Tree Coverage – Light Zoning: Residential-Single, Other Accessibility: […]
Contract for deed
General Property Information Legal Description: CIC No 1732 The Galleria Residences County: Hennepin Postal City: Minneapolis School District: 273 – Edina, 952-848-3900 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: Yes Restrictions/Covts: Pets-Cats Allowed, Pets-Dogs Allowed, Pets – Weight/Height Limit Assoc Mgmt Comp: Gittleman Assoc Mgmt Co Phone #: 952-277-2700 Association Fee: $2,107 […]
Contract for deed
General Property Information Legal Description: SECT-36 TWP-121 RANGE-024 HUNTERS LAKE ESTATES LOT-007 BLOCK-002 County: Wright Postal City: Albertville School District: 728 – Elk River, 763-241-3400 Section/Township/Range: 36/121/24 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Hunters Lake Estates Common Wall: No Lot Description: Sod Included in Price Road Frontage: City Zoning: Residential-Single Accessibility: None Lake/Waterfront Information […]
Contract for deed
General Property Information Legal Description: WATERMARK SOUTH LOT 010 BLOCK 004 SUBDIVISIONCD 65548 SECTION 14 TOWNSHIP 116 RANGE County: Carver Postal City: Victoria School District: 112 – Eastern Carver County Schools, 952-556-6100 Section/Township/Range: 14/116/24 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Watermark South Common Wall: No Restrictions/Covts: Mandatory Owners Assoc Lot Description: Irregular Lot, Tree […]
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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