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The legal term “contract for deed” refers to a real estate transaction that takes place directly between the buyer and the seller, with no lender involved.
A contract for deed in real estate is an alternative method for buying a home that comes with its own unique advantages and disadvantages. Here's how it works.
A Contract for Deed is an agreement between a buyer and seller in which the seller acts as the financier. If you are looking to buy or sell a property without using traditional financing, a Contract for Deed may work well for you.
A contract for deed, also called a land contract, is a legal agreement for the sale of property between a buyer and seller, alternative to a mortgage.
A contract for deed (also known as an installment land contract, a land contract, or a land sales contract) is a type of unique real estate agreement where the seller essentially finances the buyer’s purchase of the property.
Also known as an installment purchase contract, installment land contract, or bond for deed, a contract for deed involves the seller financing the home. However, unlike traditional owner financing, the seller doesn’t transfer the deed ownership until after the buyer has made their final payment.
Also known as an installment sale agreement, a contract for deed is a home purchase — it’s just financed by the seller, not a financial institution. After the parties close on the agreement, the buyer lives in the house as the owner, and sends the seller monthly installments.
Create a free Contract for Deed, also known as a Land Contract, for seller-financed real estate transactions. Print or download your contract in minutes.
A contract for deed, also known as a land contract, is an alternative method for financing the sale of a house or other real estate. The buyer and seller agree to an installment plan, where the buyer pays the seller directly over a period of time instead of in one lump sum when the transaction closes.
A contract for deed, also known as an installment land contract and land sales contract, is an agreement to sell real property whereby the buyer pays the purchase price in installment payments, and the seller retains title to the property as security for the buyer’s obligation.