Below you will find the most common Contract For Deed Questions We receive.
What do I need to Qualify for a Contract for Deed
All sellers are different sometimes they will ask for 1 of these items or all them,Or none of them we don't know till we find out the terms for that property.
- Maybe a tax return
- Credit report
- Proof of Funds
Return any of our products--no questions asked--within 30 days of purchase. We even pay return shipping.
If you have anymore Questions Feel Free to Contact us anytime.
651-334-8312 Steve Vennemann BoardWalk Premier Realty
What are the terms of Minnesota Contract for deed?
Sellers usually want 10% down of the sale price of the home to do a cd.
Owners will carry the contract for 3 to 5 years on average.
Investors in some cases will want 15% to 20% down.
Investors will carry the contract for 3-7 in most situations.
Don’t expect to get the same rates and terms as a mortgage from a Lender.
Yes, we’ll ship your package anywhere that can accept deliveries.
How Do I Find Contract For Deed Homes?
- We will set you for contract for deed homes by email.
- Tell us what type of home you are seeking and special items like bedrooms, garages, location, price range we will do the rest.
- We will make the process as easy and simple as possible.
There are investor programs where you can buy any home for sale but they come with a price.
They usually want 15% to 20% down and charge a fee above the sale price for example.
Buyer purchases a home for $200,000 down payment $35,000 =$165,000 plus the investor fee of $20,000 amount financed would be $185,000. It does have its benefits it based on the sale price so if you can get a good deal on the house the fee charged by the investor is a wash fort of speak.