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General Property Information Legal Description: SUBDIVISIONNAME CROIXSIDE LOT 1 SUBDIVISIONCD 89070 CROIXSIDE ADD County: Washington Postal City: Stillwater School District: 834 – Stillwater, 651-351-8301 Section/Township/Range: 19/31/19 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Croixside Common Wall: No Restrictions/Covts: Mandatory Owners Assoc Lot Description: Irregular Lot, Tree Coverage – Medium Assoc Mgmt Comp: Croixside Assoc Mgmt […]
General Property Information Legal Description: LOT 19 BLOCK 168 AND THE SOUTH HALF OF LOT 20 BLOCK 168 DIVISION NO 5 ST PAUL PARK BLOCK 168 LOT 19 SUBDIVISIONCD 68448 SUBDIVISION DIV NO.5 ST PAUL PARK BLK 148-191 BLOCK 168 LOT 20 SUBDIVISIONCD 684 County: Washington Postal City: Saint Paul Park School District: 833 – […]
General Property Information Legal Description: ELY 18 FT OF LOT 20 BLK 19 County: Ramsey Postal City: Saint Paul School District: 625 – St. Paul, 651-767-8100 Section/Township/Range: 01/28/23 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Road Frontage: Private Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Wonderful property in a great location […]
General Property Information Legal Description: LOT 001 BLOCK 001 AMESBURY 08TH ADDN County: Hennepin Postal City: Excelsior School District: 276 – Minnetonka, 952-401-5000 Section/Township/Range: 25/117/23 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Amesbury Common Wall: Yes Restrictions/Covts: Rental Restrictions May Apply, Mandatory Owners Assoc, Pets-Cats Allowed, Pets-Dogs Allowed Lot Description: Tree Coverage – Heavy Assoc […]
General Property Information Legal Description: REG. LAND SURVEY NO. 1575 THAT PART OF TRACT B LYING SLY OF FOL DESC LINE COM AT NE COR OF TRACT B TH S 0 DEG 07 MIN 04 SEC E ALONG E LINE THOF 75 FT TO PT OF BEG OF LINE TO BE DESC TH N 79 […]
General Property Information Legal Description: LOT 13 BLK 22 County: Ramsey Postal City: Maplewood School District: 622 – North St Paul-Maplewood, 651-748-7410 Section/Township/Range: 01/28/22 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: James Fifth Add Common Wall: No Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: Quick close possible. Public Remarks: Great home blocks from Battle creek regional […]
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.