RECENT PROPERTIES
FIND YOUR HOUSE BY CITY
General Property Information Legal Description: SUBJ TO ST AND AVE THE E 155 FT OF PART S OF CL OF SD AVE OF N 735 FT OF NW 1/4 IN SEC 23 TN 29 RN 22 County: Ramsey Postal City: Saint Paul School District: 625 – St. Paul, 651-767-8100 Section/Township/Range: 23/29/22 Rental License Y/N: No […]
Contract for deed
General Property Information Legal Description: SECT-21 TWP-121 RANGE-023 OTSEGO ACRES 1ST ADDN LOT-010 BLOCK-003 County: Wright Postal City: Otsego School District: 728 – Elk River, 763-241-3400 Section/Township/Range: 21/121/23 Rental License Y/N: No Manufactured Home?: Yes Complex/Dev/Sub: Common Wall: No Lot Description: Tree Coverage – Medium Road Frontage: City Zoning: Residential-Single Accessibility: None Remarks Agent Remarks: […]
Contract for deed
For Sale
Come see this move in ready home in walking distance to the Lake for walking/biking enjoyment. Buyers will appreciate the brand-New Samsung stainless kitchen appliances, built in dining cabinet, & new vinyl tile kitchen flooring. It’s an urban gem with a flat corner lot, oversized 2 car dual GDO doors & no alley with private […]
Contract for deed
For Sale
General Property Information Legal Description: LOT 017 BLOCK 001 HIGMAN RIDGWAY & COS ADDN TO MPLS County: Hennepin Postal City: Minneapolis School District: 1 – Minneapolis, 612-668-0000 Section/Township/Range: 03/28/24 Rental License Y/N: Yes Rental License Type: Standard Manufactured Home?: No Complex/Dev/Sub: Higman Ridgway & Cos Add Common Wall: No Lot Description: Tree Coverage – Light Zoning: […]
Contract for deed
General Property Information Legal Description: SUBDIVISIONNAME PINEVIEW MEADOWS LOT 12 BLOCK 1 SUBDIVISIONCD 00348 (CIC#125 ORIG DECL. CREATED 03-25-99 REC’D PLAT# 00449) County: Washington Postal City: Hugo School District: 624 – White Bear Lake, 651-407-7500 Section/Township/Range: 29/31/21 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Pineview Meadows Common Wall: Yes Restrictions/Covts: Pets – Weight/Height Limit, Pets-Cats […]
Contract for deed
For Sale
General Property Information Legal Description: Lot 000 Block 000 UNPLATTED 06 119 23 N 165 FT OF S 330 FT OF E 660 FT OF NE 1/4 OF NW 1/4 EX ROAD County: Hennepin Postal City: Hanover School District: 877 – Buffalo-Hanover-Montrose, 763-682-8707 Rental License Y/N: No Manufactured Home?: No Complex/Dev/Sub: Common Wall: No Lot […]
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.
We would love to hear from you.
Send us a message we can help you find your dream house.