Contract for deed financing can be the perfect solution to home buyers seeking to purchase a home and a seller willing to finance the property.
For a seller in some situations are great. Avoiding foreclosure-shortsale- getting a better rate of return from a bank or investment.
The government offers some programs for low income housing to revitalize some neighborhoods.
We have contract for deed housing thru out the state of Minnesota and Western Wisconsin.
Criteria to qualify is basically the down payment and show you can make payments.
Advantage to buyers seeking contract for deed financing.
1.Low down payments in some properties.
2. contract for deed interest deduction for income taxes.
3. Home steading the property.
4. Save on mortgage fees and some closing costs. This can save the buyer thousands of dollars
5. In some situations the buyer can raise credit scores and be ready to refinance their property during the contract period.
Advantages to sellers offering contract for deed financing.
1. Cash flow
2. sell their property.
3. start collecting payments.
4. balloon payment collect lump sum in 3-5 year or how ever long the contract is for.
5. Quick closing.
6. Less closing costs.
7. Buyer pays taxes-insurance and up keep to property.
8. In Minnesota the seller can cancel the land contract in 60 days of non payment shorter than a mortgage.
A. We always recommend the buyer getting a home inspection when buying a home contract for deed or any other financing.
B. Buyer should start working on a game plan on how they are going to refinance the cd on their property or are they going to sell the house-pay it off?
c. Buyers should always work with an experience real estate Broker-Realtor.
ON average there are over 200-300 seller financed properties.
For rent to own-lease options-carry back mortgages-installment contracts ect go to the site.
For a seller in some situations are great. Avoiding foreclosure-shortsale- getting a better rate of return from a bank or investment.
The government offers some programs for low income housing to revitalize some neighborhoods.
We have contract for deed housing thru out the state of Minnesota and Western Wisconsin.
Criteria to qualify is basically the down payment and show you can make payments.
Advantage to buyers seeking contract for deed financing.
1.Low down payments in some properties.
2. contract for deed interest deduction for income taxes.
3. Home steading the property.
4. Save on mortgage fees and some closing costs. This can save the buyer thousands of dollars
5. In some situations the buyer can raise credit scores and be ready to refinance their property during the contract period.
Advantages to sellers offering contract for deed financing.
1. Cash flow
2. sell their property.
3. start collecting payments.
4. balloon payment collect lump sum in 3-5 year or how ever long the contract is for.
5. Quick closing.
6. Less closing costs.
7. Buyer pays taxes-insurance and up keep to property.
8. In Minnesota the seller can cancel the land contract in 60 days of non payment shorter than a mortgage.
A. We always recommend the buyer getting a home inspection when buying a home contract for deed or any other financing.
B. Buyer should start working on a game plan on how they are going to refinance the cd on their property or are they going to sell the house-pay it off?
c. Buyers should always work with an experience real estate Broker-Realtor.
The realtor will negotiate the terms of the contract for deed-Draft the purchase agreement-set up home inspection-closing-title work-show the buyer all the properties that owners are offering financing.
D. When closing on the property the buyer should purchase title insurance.
Make sure the contract for deed paper work is up to date. The laws change every year and so does the purchase agreement and cd forms.
Buyers and sellers should consider escrowing for taxes especially if the seller has a mortgage on the property.
Make sure the interest rate you are charging does not exceed Minnesota law.
We don't limit our selves to Dayton's bluff programs or Minneapolis government run programs.
You can find a variety of properties thru out the entire state. Condo's -town homes-lake properties-Acreage-Hobby farms-New construction-some bank owned properties.
For a contract for deed list of houses goto
Home buyers may search Mn owner financed homes in all counties. It is very easy just click on the county the buyer wishes to live and see all the properties for sale. If you don't see what you are seeking email us and you will get a list of the latest up to date properties with sellers offering cd terms.
If you have a realtor please contact them to set up showings for you and find out the cd terms.
Boardwalk Premier Realty Inc has been in business sense 1996 and we specialize in Mn homes contract for deed. We have the largest selection of properties available on the net.
Go to google-bing-yahoo-ask-Aol-Msn you will find us on the first page.
If you are seeking a special type of property such as MN lake homes-cabins and thing on the waterfront then go to this site. http://www.mnlakehomescontractfordeed.com
You will find all kinds of properties. Once spring rolls around there are a lot more listings to view.ON average there are over 200-300 seller financed properties.
For rent to own-lease options-carry back mortgages-installment contracts ect go to the site.
MN owner financing is very challenging but we can help you find your dream home.
Remember the sellers are going to want around 10% down or more to entertain a contract for deed.
If you don't have that much money search for rent to own or leased properties.
To talk to us direct and get a free contract for deed consultation.
651-334-8312
Steve Vennemann
