SEARCH MN CONTRACT FOR DEED COUNTIES BELOW.

New Contract for deed listings Daily.

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BoardWalk Premier Realty is proud to display every active, available property for sale in Minnesota and Western Wisconsin.

OWNER FINANCING OPTIONS BELOW!

Usually the buyer will need 10% down of the sale price of the property to enter into a contract for deed.

In order to purchase a property Contract for deed in Minnesota you will need an Knowledgable Real Estate Broker to search for the properties you like and check into those properties to make sure they fit your Needs. Real Estate agents can all search for homes but doing a contract for deed is a different type of deal that most realtors don’t know how to do or are not willing to do all the work. It’s a lot harder than finding homes for buyers and drafting the a standard purchase agreement. The agent will write a purchase agreement which will be drafted on to a contract for deed.

Minnesota Uniform Conveyancing Blanks Form 30.1.1 (2011).

The contract for Deed is basically the buyers Mortgage for the terms of the contract so you will want to make sure those terms are doable for you. and not set you up for failure. You want to be able to refinance the home or sell it when you want to.

Steve Vennemann BoardWalk Premier Realty can help you sell your existing home if you have one or purchase a home of you dreams.

For an investment stand point contract for deed financing is the way to go. The purchaser will pay less closing costs and doesn’t have to go thru all the hoops of trying t get pre approved.

 

Contract for Deed

• You agree to buy the home from the seller over time.
• You make regular payments to the seller.
• You don’t own the home until the contract is complete. This often requires a large lump sum, or ‘balloon’ payment.
• If you fail to make any of the payments, the seller can cancel the contract and evict you quickly.
• Generally higher interest rates.
• Limited tax benefits, and you may not be able to access equity.

Mortgage

• You borrow money from a lender to buy a home.
• Typically requires a down payment.
• You make monthly payments with interest.
• You own the home from day one.
• You can build equity and get tax benefits.
• You have foreclosure rights if you are late or miss a payment.

Both options have tax Benefits .

 

CONTRACT FOR DEED COUNTIES WE SERVE FOR OWNER FINANCING IN MINNESOTA AND RENT TO OWN!

What areas do we service for Contract For Deed financing? We usually go 1-2 hours in a circle around the twin cities metro area. We also work with realtors in Northern and Southern Mn for relocation.

Some Contract for deed investors will do the 7 county metro area and others will finance the entire state.

 

commerce.state.mn.us/UCB/30.1.1.pdf