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Buy a Home
Buy a Home on a Contract for Deed in Minnesota
If you’re seeking to buy a home via a contract for deed in Minnesota, you’ve arrived at the right place! Our team aids families and individuals—especially those with less-than-perfect credit scores—in acquiring homes in MN through contract for deed financing.
The RE/MAX Professionals Brian Zimpel Team has fostered a robust network of real estate professionals who will expertly guide you through the process and provide comprehensive education on contract for deeds and owner financing.
Understanding the Fundamentals Finding an ideal home via a contract for deed in Minnesota poses several challenges. Before commencing your search, it’s crucial to familiarize yourself with the intricacies of contract for deeds and always engage with a professional. Here are a few resources for your reference:
- What is Contract For Deed?
- Financing Options
- Credit Repair
- Avoiding Contract For Deed Scams
- Advantages and Disadvantages of Contract For Deed
- Limited Inventory
Direct Homeowner Purchases Purchasing a home directly from a homeowner through a contract for deed in Minnesota may reveal a limited number of available properties. Only a few homeowners are inclined to offer financing and prefer to sell outright to those pre-approved for a mortgage.
Third-Party Investors To address the inventory challenge, RE/MAX Professionals Brian Zimpel has established a network of real estate investors. These investors acquire a home you desire and resell it to you via a contract for deed. This approach allows you to choose from nearly any listed home, irrespective of whether the owner offers a contract for deed terms. Expect to pay an additional 5-10% on top of the original purchase price.
Short-Term Resolution It’s essential to recognize that a contract for a deed isn’t a long-term solution. It serves as a short-term financing option intended to assist home buyers who aren’t currently positioned to secure a home loan but are eager to purchase a home promptly.
Unsure if Contract for Deed is Suitable for You? No need to worry. Our dedicated team of professionals is committed to helping you become a homeowner at the earliest. For some buyers, qualifying for a home loan might take longer, potentially up to a few years. Regardless of the duration, we’ll diligently support you every step of the way to transform homeownership into a reality for you!