Looking to Buy A Contract For Deed In Minnesota

Contract for Deed Homes For SaleIf your looking to BUY A CONTRACT FOR DEED IN MINNESOTA here are a few things you should know!

1. Down Payment – A Minnesota Contract for Deed Seller will want a down payment to accept a Contract for Deed offer on a property. Typically the down payment for a MN contract for deed is 20% down. (Not $20,000, but 20%). With home prices being where they are at now, some sellers are willing to look at down payment amounts closer to 10% down.

2. Closing the contract for deed – To make the sale official for a contract for deed purchase in Minnesota you need to have an actual closing like you are buying a home. If a seller is just taking a large down payment and you are not closing you may be simply doing a higher down payment Rent to Own.

3. Where Do You Find MN contract for deed homes for sale – Homes for sale contract for deed can be found on the MLS/IDX listing service through a contract for deed search. There are not a very high percentage of contract for deed sales offered. Thus they can be hard to find. Sellers will also offer contract for deed homes on websites like Craigslist, but on those websites do be aware that there could be scams.

4. Use a Realtor To Help You Purchase A Minnesota Contract For Deed – Not all Realtors know how to handle a contract for deed purchase. To help you through the process and to help you secure the property its best to have a Realtor to represent your best interests.

To find a contract for deed in Minnesota call Chuck Carstensen, RE/MAX Results at 612-290-3809 or email: chuck.carstensen@results.net.