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How to buy a home with out a bank-owner financing-contract for deed-100s of homes in minnesota cd

11-17-09
steve vennemann
steve vennemann: Real Estate - Other in White Bear Lake, MN
  • view my blog
  • Office: (651) 334-8312
  • Mobile: (651) 334-8312

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How to Buy a Home... Without a Bank.

CONTRACT FOR DEED HOMES IN MINNESOTA 1000S OF HOMES ALL AREAS.

WITH CREDIT MARKETS tight, home owners and their buyers are now bringing back seller financing. These deals were most popular in the 1980s when mortgage rates hit double digits, the seller and the buyer agree to a mortgage schedule with no banks involved. For some buyers and sellers this is their only options.

Here's what you need to know.

Http://www.mnlakeplace.com

651-334-8312 steve vennemann

http://www.Mnhomescontractfordeed.com

http://www.mnlakehomescontractfordeed.com

Down payment: In today's market many banks have returned to asking for 20 percent down; offer less and you'll probably have to pay private mortgage insurance which adds up to half a percentage point to the loan. In seller financing, the buyer can put down less than 20 percent -- without the PMI The buyer needs to have money in the deal- the more, the better." Homeowners will typically want a down payment of at least 10 percent as protection against default.

Interest rates: Most private sellers charge slightly above market rates since they're shouldering more risk -- particularly if their would-be buyer got rejected for a bank loan. But with home prices still in the tank, some owners are offering lower rates to buyers who agree to meet their price. And keep in mind: Most seller-financed deals expire in five to seven years -- 15 at the most -- and finish out with a balloon payment.

Due diligence: When there's no bank involved title insurance becomes even more important. Usually available for a few hundred bucks, it digs up tax liens and other claims that could affect a property transfer. A current appraisal, credit report and background check are also smart moves. After all, there's no institution behind this deal -- it's just you and the other guy.

http://www.mnlakeplace.com

MN HOMES CONTRACT FOR DEED-LAKE HOMES ON CD-CONDOS-TOWNHOMES-CABINS-LAND-LAKE LOTS.

Minnesota homes contract for deed all areas of Minnesota. Western Wisconsin

Properties. Mnlakehomes –cabins-townhomes-condos’-land-lake lots-real estate in the twin cities metro area.

Call us today for all your real estate needs.

Steve Vennemann

651-334-8312

mnlakeplace@yahoo.com

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BIG MARINE LAKE HOME HUGE PRICE REDUCTION WILL SELL FAST minnesota lake homes -mnlakeplace.com

11-12-09
steve vennemann
steve vennemann: Real Estate - Other in White Bear Lake, MN
  • view my blog
  • Office: (651) 334-8312
  • Mobile: (651) 334-8312

12100 196th Street N , Marine On St Croix, MN 55047
Status: Active List Price: $424,900 Original List Price: $469,900
Previous Image 1 of 10 Next Slideshow · Open All


Supplements are available for this property.
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Book A Showing
Add to Watched Items

Total Bed/Bath: 2/ 2 Garage: 1 Year Built: 2005

Map
Map Page: 89 Map Coord: A1
Directions:
97 to lofton south turn right on maxwill 1.6 miles to 196th right to home
(Click icon for Virtual Earth Map)
MLS Area: 727 - Stillwater/Bayport
Secondary Area: 709 - Forest Lake Area
Style: (SF) One 1/2 Stories
Const Status: Previously Owned
Foundation Size: 1,000
AbvGrdFinSqFt: 1,487
BelGrdFinSqFt:
Total Fin SqFt: 1,487
Acres: 0
Lot Size: 50x193x55x183
TAX INFORMATION
Property ID: 2903220140022
Tax Year: 2009
Tax Amt: $3,800
Assess Bal: $
Tax w/assess: $3,800
Assess Pend: Unknown
Homestead: Yes
List Date: 11/02/2009 Received By MLS: 11/02/2009 Days On Market: 10
CDOM History

http://www.mnlakeplace.com or http://www.mnhomescontractfordeed.com or http://www.mnlakehomescontractfordeed.com

HUGE PRICE REDUCTION THIS BIG MARINE LAKE HOUSE WILL SELL FAST..DONT WAIT FOR A PRIVATE SHOWING CALL US 651-334-8312 STEVE VENNEMAN

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big marine lake house-close to twin cities and forest lake-water clarity in the 9s 1750 acre lake mnlakeplace.com

11-09-09
steve vennemann
steve vennemann: Real Estate - Other in White Bear Lake, MN
  • view my blog
  • Office: (651) 334-8312
  • Mobile: (651) 334-8312


Property Full Display, Single Family Residential, MLS #: 3852250
12100 196th Street N , Marine On St Croix, MN 55047
Status: Active List Price: $439,900 Original List Price: $469,900
Previous Image 1 of 10 Next Slideshow · Open All


Supplements are available for this property.
WEBForms
Book A Showing
Add to Watched Items

Total Bed/Bath: 2/ 2 Garage: 1 Year Built: 2005

Map
Map Page: 89 Map Coord: A1
Directions:
97 to lofton south turn right on maxwill 1.6 miles to 196th right to home
(Click icon for Virtual Earth Map)
MLS Area: 727 - Stillwater/Bayport
Secondary Area: 709 - Forest Lake Area
Style: (SF) One 1/2 Stories
Const Status: Previously Owned
Foundation Size: 1,000
AbvGrdFinSqFt: 1,487
BelGrdFinSqFt:
Total Fin SqFt: 1,487
Acres: 0
Lot Size: 50x193x55x183
TAX INFORMATION
Property ID: 2903220140022
Tax Year: 2009
Tax Amt: $3,000
Assess Bal: $
Tax w/assess: $3,000
Assess Pend: Unknown
Homestead: Yes
List Date: 11/02/2009 Received By MLS: 11/02/2009 Days On Market: 7
CDOM History
General Property Information
Legal Description: Beckstrom add lot 005 block 002
County: Washington
Postal City: Marine On Saint Croix
School District: 831 - Forest Lake, 651-982-8100
Mfg Home w/HUD#: No
Complex/Dev/Sub: Common Wall: No
Lot Description: Tree Coverage - Light
Zoning: Residential-Single Accessibility: Other
Lake/Waterfront: Lake Front, Lake View Lake/WF Name: Big Marine Lake
Remarks
Agent Remarks: Big Marine lake house with western views-sandy level beach lot-1746 acre lake water clarity 9s great recreational lake-close to cites-Every up grade possible home is a 10-Quick poss-""GUARNANTEED TO MAKE YOU SAY """WOW"email offer mnlakeplace@yahoo.com

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mn homes contract for deed-town homes-forest lake-still water mn,zimmerman mnhomescontractfordeed.com 100s of cd homes for sale

11-07-09
steve vennemann
steve vennemann: Real Estate - Other in White Bear Lake, MN
  • view my blog
  • Office: (651) 334-8312
  • Mobile: (651) 334-8312

8162 N Shore Trail N , Forest Lake, MN 55025


Privacy on over 1 acre with a sandy beach. 5 bedrooms, 3 baths, fireplace, very unique open floor plan. Wood floors & ceiling and an incredible outdoor patio! Game room attached to garage. Very nice home on the lake!651-334-8312... More Info
21974 Ideal Avenue N , Forest Lake, MN 55025


Verify measurements. Be sure to secure all locks after showing, Seller's travel frequently. Try to give reasonable notice, a new baby is in the home. Co-Listing Agent related to Seller. Furnishings are negotiable. Public Remarks: Lush, level lake lot with shade trees and 60' of waterfront.... More Info
22065 Iden Avenue N , Forest Lake, MN 55025


Pretigeous Pioneer Point neighborhood, 170' of level frontage on Forest Lk. Gourmet kitchen, formal dining, breakfast area, spectacular 4 season solarium, expansive master suite w/fireplace. Extensive outdoor entertaining areas, lush landscape. 651-334-8312... More Info
21034 Karoline Court N , Forest Lake, MN 55025


Beautiful model in new Forest Hills Farm. Rolling hills, lake view, access to Forest Lake with boat slip included. This home has everything you could want including: elevator, fully enclosed creen porch with fireplace, bar & rec room, wine... More Info
15399 95th Street N , Stillwater, MN 55082


This property is a potential short sale and is to be sold subject to third party/bank approval with terms acceptable to the seller. Property is to be sold "as is" Experienced short sale negotiator handling sale - only if offer falls into short sale range. Public Remarks: Spectacular views... More Info
703 Green Twig Way , Stillwater, MN 55082


A stunning convergence of expert architectural design, exceptional craftmanship, materials adn creativity work in concert to create a sophisticated comtemporary estate, rarely found in the east metro. Walls of glass allow wooded,water & skyline... More Info
12975 Ozark Trail N , May Twp, MN 55082


The "Woodland Cottage" by local architect. Open, casual, warm & inviting. If you've ever dreamt of living in that "storybook" home on the lake, here's one to experience. Our surroundings do influence the quality of our... More Info
13247 Manning Trail N , Stillwater, MN 55082


All room measurements are approximate. Area above garage is finished and is the perfect studio or home office. Horse facility for boarding or training features 17 box stalls, wash stall, bathroom and indoor riding arena. Public Remarks: Whoa! You should trot on over as soon as you can... More Info
28038 144th Street NW , Blue Hill Twp, MN 55398


CONTRACT FOR DEED being offered on this property! Complete remodel and NEW garage! LIKE NEW! All living on one level. Must see this FANTASTIC location that over looks most of lake with frontage on semi-private lagoon AND frontage ON Elk Lake. Yr round OR Seller will consider any new... More Info
28038 144th Street NW ,Zimmerman MN 55398


CONTRACT FOR DEED being offered on this property! Complete remodel and NEW garage! LIKE NEW! All living on one level. Must see this FANTASTIC location that over looks most of lake with frontage on semi-private lagoon AND frontage ON Elk Lake. Yr round OR CALL Listing Agent: Pamela Osmondson... More Info
28038 144st nw zimmerman, mn 55398


CONTRACT FOR DEED being offered on this property! Complete remodel! EZ2C. 22x22 detached garage. New septic 2 yrs ago as well. Property goes from 144th st to 145th st w access to the back of property. After hours &/or ?'s 763.856.5698 Public Remarks: CONTRACT FOR DEED being offered on this... More Info

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First Time Home Buyer Tax Extension & Expansion has Passed!

11-05-09
Kimberly Koehler - Broker/Owner EXiT 3 Rivers Realty 651-998-9811
Kimberly Koehler - Broker/Owner EXiT 3 Rivers Realty 651-998-9811: Real Estate Agent in Woodbury, MN
  • view my blog
  • Office: (651) 998-9811
  • Mobile: (651) 329-0482

First Time Home Buyer Tax Extension has PASSED! 

With the passing of the First time home buyer tax extension and the expansions Minnesota home buyers and sellers enter into some exciting times in real estate. The real estate market in Minnesota for first time home buyers has been tightening. The housing supply in Minnesota's Twin Cities area has shrunk to as little as 7.69 homes on the market for every buyer. This is a decrease of 29.3% from how many homes were available to Twin Cities buyers last year.

We specialize in working with First Time Home Buyers in Minnesota's Twin Cities metro area and have seen the demand of first time home buyers increase as the deadline of Nov. 30th has fast approached. The passing of the
extension of the first time home buyer credit gives Twin Cities buyers an opportunity to focus on their property search allowing them to make educated and confident decisions. The new terms however do not give them a complete break rather some room to breath.

With the passing of the expansions of the bill allows Twin Cities home owners who have lived in their home 5 years out of the past 8 years a $6,500 tax credit. This is HUGE opportunity for traditional home sellers in the Twin Cities who may have wanted to sell however felt they couldn't due to the conditions in the Minnesota housing market.  We have buyers that desire to buy these homes as the inventory has gotten very low. So my advice to anyone looking to sell their Minnesota home is... NOW IS THE TIME!

The difference of the effects of the old first time home buyer credit vs the new one is that the old bill assisted only one segment of the Minnesota home buying market. The majority of that segment, first time home buyers were using the tax credit to purchase foreclosed properties in Minnesota's Twin Cities area. Seeing those purchases were from banks it did not create another pool of buyers. With the passing of the extension of the first time home buyer bill and extending it to another segment of the Minnesota housing market you will now create two segments in the market.
This creates a much healthier move back to more traditional sales where you have a buyer that is purchasing from a private party home owner vs a corporation. Which that alone is a very good thing. The benefits of the passing of the first time home buyer extension and expansions are yet to fully be seeing however it most definitely is a positive move towards a stronger, healthier Twin Cities, housing market.

Helful Links: 

Tax Credit Explained - Simple to Follow!

Curent Minnesota's Twin Cities Metro Area Market Report

FREE Home Search

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