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As a real estate professional, your goal is to help clients navigate the complexities of buying and selling properties. But what happens when traditional financing falls through? A Contract for Deed is the perfect alternative solution, providing a lifeline to clients who don’t qualify for conventional loans.
Offering Contracts for Deed as an option can set you apart in a competitive industry, helping you close deals that others can’t. This financing method is ideal for buyers with unique circumstances, such as self-employed individuals or those with credit challenges. With this tool in your arsenal, you’ll build stronger relationships with clients and expand your referral network.
Loan Officers
Loan officers play an important role in the contract for deed process by referring clients who may not qualify for traditional bank financing. When potential buyers are turned down for loans due to credit challenges, limited income history, or non-traditional employment, loan officers can direct them to contract for deed financing as an alternative solution. This process allows buyers to acquire investment properties without meeting stringent bank requirements. Loan officers benefit by maintaining client relationships and providing solutions, while buyers gain access to flexible financing. This collaboration creates a valuable network for contract for deed providers and supports continued property investment.
Terry Mitchell, a real estate broker, was in a tough spot when his client faced delays in receiving crucial tax documentation. Without it, the buyer’s traditional financing would fall through, jeopardizing the entire transaction. Referred to Chad Banken, Terry quickly saw the difference working with A Good Deed, LLC made. Chad reviewed the client’s financials, presented the contract for deed option, and got everything approved within days. The deal closed smoothly, and the buyer secured the property. Terry was impressed with Chad’s transparency, efficiency, and in-depth knowledge of alternative financing solutions. Now, A Good Deed is one of his go-to resources for clients who can’t secure conventional financing.
Next Steps
Chad Banken and A-Good-Deed offer a proven track record of helping real estate professionals succeed. By providing transparent, reliable guidance, Chad empowers agents and loan officers to deliver innovative solutions to their clients.