Contract for Deed Questions
Our agents understand that you have specific contract for deed questions, and we believe we have the answers to most of them. You are more than welcome to email, text, call, or leave a voicemail to ask your questions, and we’ll try to get back to you as soon as we can with the correct answer. We are here to answer buyers and sellers questions that arise along the way. The most common questions that arise are how much of a down payment is needed, the answer is 7% to 20%, the more you put down the more homes you have to choose from. How long is the contract for deed 3 years in most cases, a seller prefers less, but knows 3 years is often needed. Special circumstances allow for 5 to 7 years in rare cases, but it’s hardly needed based on someone’s credit. The interest rate and sales price is negotiable. The commissions should be paid by the seller and
listing agent out of the down payment. The buyer should see their down payment credited towards the overall sales price for a reduction in balance.