Frequently Asked Questions (FAQ)

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.

  1. Employment.
  2. Maybe a tax return
  3. Credit report
  4. 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?

  1. We will set you for contract for deed homes by email.
  2. Tell us what type of home you are seeking and special items like bedrooms, garages, location, price range we will do the rest. 
  3. 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.

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