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Albert Lea : Real Estate Advice

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  • Local Info0
  • Home Buying2
  • Home Selling1
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Activity 6
Mon Aug 26, 2013
Elizabeth Fuller answered:
since you are in Albert Lea, my advice is to find a local agent. Even if you are contemplating a move to another part of MN, another state or anywhere else, your local agent is the point person! It costs you nothing, gives you every advantage whether buying, selling or renting! Liz, 612=986-4105 ... more
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Tue Jan 15, 2013
Matt Christensen answered:
There are many websites that you can look up properties on the MLS you can probably find it with Google as well. I prefer to look at map search, so I can see all the properties in an area.

That being said the listing here has been updated with a purchase price if it was not there before. It is just above the photo and again off to the right of it.

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Thu Aug 16, 2012
Christopher Block answered:
Mon Jul 18, 2011
Patti Ann Kasper answered:
Michael's answer is right on, but I'd like to add a little to it.

A contact for deed can only be offered on a home when it is completely paid for free and clear. Basically, the seller is acting as the bank and providing the financing directly.

If you can find an investor who has enough cash to purchase a home outright and who is willing to work with you - that might work, but be prepared to pay a higher interest rate, put a substantial amount of money down, and pay a balloon payment at the end of 2 to 5 years.

Also be aware that if something happens and you default, in most cases you only have 30 days vacate the property and you don't get any money back.
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