Buying a home can be a stressful if you haven’t done your homework. Fortunately for you, BoardWalk Premier Realty has the experience, the knowledge and the wisdom to help you find your dream house.

BoardWalk Premier Realty Can confidently guide you through the process and give you with the information you need to be a well-informed buyer.

Making a Selling Decision

We determine a marketing strategy. How to Price your house to attract buyer interest. We too advertise the property. How do you know if the buyer is pre approved.

What steps to take to find a closing company.

Negotiate the sale.

Does the seller need to pay the buyers closing costs.

You need a strong negotiating Broker here at BoardWalk Premier Realty we will work our best to get you the highest price for your property. With the least amount of inconveniences  in the shortest amount of time.

Coordinate the sale with your new purchase or relocation.

You can depend on BoardWalk Premier Realty to guide you through your house selling process with confidence.

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.

  1. Home Owners get to change the paint.
  2. Have pets.
  3. Build equity.
  4. Sell the home if they choose to and take the equity out.
  5. 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.

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