A Contract for Deed is a unique and flexible real estate financing option that allows buyers and sellers to structure agreements directly, bypassing traditional lenders like banks. In this arrangement, the seller finances the property purchase, and the buyer agrees to make periodic payments directly to the seller over an agreed-upon term.
This method provides buyers with immediate access to the property and equitable ownership rights while giving sellers the security of retaining legal title until the buyer fulfills all the payment obligations. It’s an excellent solution for investors, landlords, and businesses looking to expand their portfolios or secure residential properties for business use.
Unlike conventional mortgages, a Contract for Deed eliminates extensive credit checks and rigid qualification processes. It’s a popular choice for buyers who may have nontraditional financial profiles or need creative financing due to circumstances such as being self-employed, having a low credit score, or requiring faster approval to seize a timely investment opportunity.
A Contract for Deed is not a rental agreement or lease-to-own arrangement. It does not involve a third-party lender, and it is unsuitable for buyers seeking financing for a primary residence under Minnesota’s current regulations.
At A-Good-Deed, Chad Banken brings unmatched expertise in navigating Minnesota’s regulations and tailoring creative financing solutions. Unlike generic options, we specialize in working directly with:
We don’t just offer financing; we build strategies designed to empower your real estate ambitions.
This straightforward process allows investors and businesses to act quickly and creatively in Minnesota’s competitive real estate market.
