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Tuesday, June 17, 2014
st.paul Minnesota housing and information mnlakeplace.com
Saturday, June 7, 2014
Where can I find contract for deed homes in Minnesota and Wisconsin
CONTRACT FOR DEED HOMES IN MINNESOTA AND WISCONSIN BROWSE
100S OF THEM FREE.
Show you all the properties for sale. Lake properties and rural areas there maybe septics or wells. Good to get an inspection on those.
BoardWalk Premier Realty INC
651-334-8312
Steve Vennemann
Broker-Realtor
Friday, May 16, 2014
MINNESOTA CONTRACT FOR DEED COMPANY-REALTORS-LISTINGS
Our company specializes in contract for deed homes in
Minnesota and Wisconsin.
We have been in business sense 1996 and work with Mn owner financed
homes daily. Home buyers may
browse the largest selection of properties located in Minnesota and Wisconsin
with ease by counties.
There you can find farms-condo-town homes-Mn lake homes for
sale –cabins-acreage-farm-bank owned properties.
BoardWalk Premier Realty INC is located in saint paul
Minnesota. Which is part of the twin cities metro area. Minneapolis and st.paul
are the two largest cities in Minnesota. Lots of suburbs-biking
trails-entertainment-restaurants.
How can you buy a home with bad credit simple. If you have a
round 10% down of the sale price of the property you are seeking we can help
you get a home.
Example $200,000 sale price
$20,000 down payment
Balance $180,000 contract for deed for around 3-5 years with
rates of say 5-7% depending on each seller. Owners usually dictate the rate
they want for the house and cd terms.
Why would you want to buy a home verses renting the house?
Simple renting or renting the own is just that no home
ownership.
Cd financing the purchaser will have rights. Home ownership.
Tax right offs-much more.
Sellers benefits for cash flow-
Selling a home-
Saving money for up keep
No late night renters calling to tell you to fix a leak ect.
For more information on selling a home contract for deed.
Minnesota homes are selling fast if you are seeking to own a
home take a look at our homes with owner financing in Minnesota and Wisconsin.
We can send the home buyer homes by cities-counties-school
district.
Remember the larger the city the more Mn owner financed
homes you will have to choose from. I recommend trying to search for homes in a
wider area like a county verses a small town.
BoardWalk Premier Realty INC
Steve Vennemann
651-334-8312
Contract for deed broker
Learn how to buy or sell a property on a contract for deed
Learn where to find a home to purchase-terms-contracts-sites where you can list your house.
There are 100s of properties for sale contract for deed in Minnesota and Western Wisconsin
BOARDWALK PREMIER REALTY INC
There are 100s of properties for sale contract for deed in Minnesota and Western Wisconsin
Monday, April 7, 2014
Twin cities county updated contract for deed information mnlakeplace.com
BoardWalk Premier Realty INC.
Twin cities updates
TWIN CITIES AREA
| FEB '14 | FEB '13 | Percent Change (compared to one year prior) | |
| New listings | 4,616 | 4,858 | - 5% |
| Active listings | 11,975 | 13,253 | - 10% |
| Months supply | 2.80 | 3.20 | - 13% |
| Pending sales | 3,203 | 3,594 | - 11% |
| Median sales price | $183,044 | $160,000 | + 14% |
| Days on the market | 99 | 111 | - 11% |
| Average showings* | 19 | 22 | - 14% |
| In the last 30 days | 45% | of properties have had a price adjustment. | |
| For every sale, there are | 4 | properties that remain on the market. | |
A Contract for deed is different from a Mortgage. It is an agreement to buy a home from a seller while the seller keeps ownership rights of the home. The buyer makes their payment directly to the seller for a certain number of years usually 3-5 years on average. Their is a balloon payment of the remaining balance. The buyer may sell the home during the time of the contract and keep all the proceeds above the contract amount. Usually the buyer refinances the property.
What is included in the monthly contract for deed payment?
The monthly payment includes principal-interest-most of the time taxes and sometimes home owners insurance. Most of the time the buyer gets a insurnace binder and pays it and provides proof to the seller it is a lot easier than the seller making the payments.
Who is responsible for repairs and up keep to the property?
The buyer is responsible for the mainenance, including the cost if there are any. In a MN contract for deed the seller usually has an amoount the buyer must stay in with consent of not going above that amount with out written permission.
Buyers rights. How long do buyers have before the seller can cancel with out payment?
In Minnesota a contract for deed can be cancelled if the buyer misses payments for 60 days. Anytime the buyer may catch up the payments so the contract wont be cancelled. If the seller files for a cancellation the buyer will be responsible for the fees.
Are there closing costs for contract for deeds?
There are alot less closing costs than a typical mortgage. NO origination fee-Appraisal-mortgage insurance-closings costs on a land contract are a fraction of a mortgage.
We strongly recommend using a title company when closing on a contract for deed purchase or use a law firm. They will prove a title search to ensure the seller is the legal owner. They will also use a Minnesota uniform conveyance form and record the contract for deed at the county recorders office that the home was purchase in. MN State law requires the contract be recorded within 4 months of the closing.
This is for the buyers protection.
Will I need to have a down payment?
Yes the sellers will always want a down payment to enter into a land contract. Usually it is around 10% of the sale price sometimes the sellers may want more money down to reduce their risk.
The down payment will come of the sale price and the payment will be based on that.
What happens if the balloon on the contract comes due and I cannot get approved for a Mortgage?
Contracts are usually between 3-5 years it is very important that the buyer gives themselves enough time to get a mortgage and work out any credit issues or what ever is holding the buyer back from getting a mortgage. I recomend trying to get a Mortgage-loan at least 1 year before the contract is up. If the buyer cannot get a loan talk to the seller and see if they will extend the contract. If you made payments on time the seller will most likely extend the contract they do not want the home back they would rather get cashed out. If the seller will not extend the contract the buyer may sell the home and keep the proceeds above the contract price that is owed.
What happens if the seller does not make the mortgage payment on the contract for deed and gets foreclosed on the house?
We recommend you have something in writing that states the seller will make payments or you may make payments directly to the mortgage company your self. We draft in the purchase agreement information that protects the buyer from this situation.
What is the difference between a contract for deed and rent to own-lease options?
There is a big difference. Rent to own or leasing means you are renting with the option to buy the property at a future date. You become a tenant and the seller is the land lord. The seller is responsible for repairs in some cases that is all negotiable. Same with taxes- and home owners insurance. The tenant is usually required to make a large non refundable down payment when entering in the rent to own or lease option. With the contract for deed in Minnesota the buyer gets to do some updates to the home-fence-painting-have pets-write off the contract for deed interest on thier income taxes where rent to own or leasing the tenant doesnt get those options.
We serve all the cities in Minnesota for owner financed homes-land contract for deeds.
Take alook around our site you will find everything you need to learn the process of contract for deeds -rent to own. MN cd homes can be tricky we recomend using a Realtor that has knowledge in this field.
You will find us on Google-Yahoo-Bing-Ask-Aol-Msn-Craigslist you name it you will find us. We Specialize in MN contract for deeds. IF for some reason you dont see something you are looking for ask us we have more Owner financed properties in MN-WI to show you.
Types of properties you will find River front condos-town homes-cabins-acreage-farms-hobby farms-single family real estate-duplexes-lake front homes-Waterfront properties-MN lakeshore
lake access properties-lake view-lake lots-new construction-MN rent to own properties-MN lease option to purchase.
Minnesota owners will finance their property so you may purchase a house and build your credit up if need be.
I want to buy a home but have bad credit?
You can have-a bankruptcy-bad credit-or previous discharged bk-cant qualify for a mortgage-job history-moving from out of state and have lack of job history-divorced-no credit history"
Dont LET YOUR CREDIT HOLD YOU BACK FROM OWNING YOUR DREAM HOME WE CAN HELP EVEN IF YOU CANT QUALIFY FOR A Mortgage-
If you havea had a foreclosure-Short Sale-Self Employed-Relocation-Low credit score
Email us for the quickest response.
BOARDWALK PREMIER REALTY INC
MN contract for deed company
Steve Vennemann
651-334-8312
Real Estate cd
Sunday, February 2, 2014
Minnesota lake homes contract for deed-cabins-New construction-lake houses mnlakeplace.com
BUY OR SELL A HOME CONTRACT FOR DEED
INFORMATION
- Dakota County
- Crow Wing County
- Hennepin County
- Isanti County
- Itasca County
- Chisago County
- Cass County
- Anoka County
- Benton County
- Carver County
- Kandiyohi County
- Mcleod County
- Stearns County
- Sherburne County
- Waseca County
- Washington County
- Wright County
- Scott County
- Saint Louis County
- Morrison County
- Mille Lacs County
- Olmsted County
- Ramsey County
- Rice County
- Big Marine Lake Info
- Mortgage Center
- Reason For A Land Contract For Deed
- MN Rent To Own Information
- Contract For Deed Documents
- Brokers Law
- MN Lease Option To Purchase
- Contract Law
- Twin Cites Minnesota
- MN-WI Buyer Information
- Legal Definition
- What Is A Land Contract
- Mn Owner Financed Homes Info
- Seller Financing
- Cure Law
- Forest Lake
- White Bear Lake
- WI Owner Financed Homes
- MN Owner Financing Glossary
- Big Marine Lake
- Contract for deed homes in Minnesota
- MN-WI Seller financing
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