MN HOMES CONTRACT FOR DEED

Dont let your house go back to bank

Sell your home on a contract for deed.

Why ruin your credit and let it go back to the bank? We can help you sell your property. We work with cd homes and rent to own properties on a daily basis.

Most realtors don’t even know how to find a contract for deed home so why would you want a person who doesn’t work with cd homes to write your offer on your biggest investment?

Credit usually isn’t and issue nor is your job history. You must have money to put down when buying a contract for deed property in Minnesota or Western Wisconsin. Rates are usually between 5%-7% depending on each sellers situation. Sellers usually want around 10% down in order to do the contract.

The contract usually goes for 3-5 years. Some less some more. You wont have to deal with a lender till you want to refy the cd.

Land contracts are recorded at the county the property is in. We do all our closings at title companies to make sure there are no liens or any surprises. Buyers have the option to purchase a title policy if they choose to do so.

How to determine a price for your property?

Research into similar properties and instinct in determining how much a buyer will be willing to pay for your home-land-condo-townhome-river front-mn lake home- The right price will attract showings, which will generate offers.

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The fact is that price is the number one factor that most Home buyers use to determine which homes they want to view. It’s also important to remember that although you and your Realtor set the asking price, the selling price is determined by the buyer.

The Correct Price Will:

Result in a quicker sale, with less inconvenience to the seller

Expose the property to more buyers

Increase Realtor response

Generate more ad calls

Prevent your listing from getting “over looked”

Typically homes that sell more quickly, sell closer to or sometimes over asking price.

Some Common Reasons for Overpricing

Over-improved property

Original purchase price too high

Desire for “negotiating room”

Overpricing Pitfalls

Most of the activity on your home will occur in the first few weeks. Pricing a home properly creates immediate urgency in the minds of buyers and agents.

There is a pool of buyers who have seen most available homes in their price range and are now only waiting for new listings or price reductions. A buyer that has been waiting, may fail to see your home if it is priced too high.

Sometimes, a price reduction may be too late, as interest by both buyers and Realtors may not look at the property

Buyers and their agents are very aware of the length of time on the market, the most common question continues to be: “How long has it been on the market?” Often buyers are reluctant to make an offer on a home that has been on the market for “awhile” thinking that there is something wrong with the home.

Overpriced listings frequently help you to sell your neighbor’s reasonably priced home, making it appear that their home is priced very well.

 

The Role of a Real estate Agent in Pricing

Provide you with a comparative market analysis, which is a comparison of recent homes with similar amenities that are available, in escrow and sold.

There is no “exact price”; your home is worth what a buyer is willing to pay.

The market determines value; together you and your agent determine asking price.

Realtors have no control over the market, only the marketing plan. The seller determines the asking price. Never select an agent based on price.

We have a “picture perfect marketing plan” for your property if you decided to sell your property.

 

651-334-8312

Steve Venneman

BoardWalk Premier Realty INC

Broker

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