If you have 10% down of the sale price you are seeking goto http://www.mnhomescontractfordeed.com
You can buy a condo or town homes with bad credit but you will need 10% down or more to buy the house.... more
The renter's lease stays on the property... so the renter will have the right to stay until the end of the lease. Since you are doing an as-is you've really got little recourse if something is wrong... you could potentially go after the renter if they caused damage but you'd have to be able to document that.
Also, you should have asked for the damage deposit from the renter since you will be responsible for returning that (plus interest) at the end of the lease.
I am not an attorney... please seek an attorney's advice regarding any legal quesitons.... more
I would have to say I am more partial to Cobblestone Lake in Apple Valley. The amenities that are currently right next door, Super Target, and the ones that are planned, make it a fantastic community. I like the structure of the community and historic look of the homes. Plenty of variety too, depending on your price range. I live not too far and would be happy to answer any questions you have about Apple Valley.
By the way, Apple Valley schools continually rank high in the state and it is pretty easy to get around. They are also in the process of finishing a huge sports complex (baseball) just west of Cobblestone Lake, not too mention the future connection of Cobblestone with Brandjten Farms via walking paths etc. One pro I like about living south of the river, instead of in Woodbury, is the proximity to I-35, and ease of getting to either Saint Paul, Minneapolis. Hope this helps!... more
Unfortunately, the scope of this question is beyond what is reasonable to discuss in a Trulia question.
The correct answer to your question is: it depends on what was agreed to in your current contract for deed. The only real way for myself or another agent on Trulia to answer would be to have you post all of the intimate details of your contract online for the world to read.
My best advice would be to take the contract to a local attorney who specializes in C4D's (or at least has done a couple in the last couple of months) and have him/her review it for you. It may cost a few bucks, but what you are proposing could have far reaching financial consequences so it makes sense to have a pro review it for you.
Coldwell Banker Burnet
licensed MN Broker
A home is worth what the Buyer is willing to pay! That being said, you need to see the comparables of the active, pending & sold homes in the same area to make an informed decision about what to offer. Sometimes a property is listed above market value & sometimes below. Once you see the comparables, you will know what the right answer is.
Best of luck!... more
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Natalie, ask your Mortgage consultant for an estimate time to close. Part of your answer is in that answer.
Is your offer cash? You might be able to do it.
Is your offer subject to inspection?
FHA or Conventional Mortgage?
Does the Seller has a Short Sale approval , yes or no?... more