"Agreement for Deed" Question - Posted by Jim

Real Estate Investing
1

Posted by Douglas on March 21, 2001 at 10:54:05:

.

2

“Agreement for Deed” Question - Posted by Jim

Posted by Jim on March 20, 2001 at 23:55:36:

If you buy a property on an “Agreement for Deed”

Can you sell it on an “Agreement for Deed” too? or are you limited to your options here?

Thanks for the help.

Jim

3

Sure You Can… - Posted by Rick Wheat

Posted by Rick Wheat on March 21, 2001 at 04:01:33:

Jim:

One of the biggest benefits of buying a property on an Agreement for Deed is that you have several options available to you to divest yourself of the property. Virtually any form of conveyance is available to you, such as:

Lease/Option;
Rent to Own;
Rent;
Sell for Cash/New Financing;
Sell with Owner financing under an Agreement for Deed

The only restriction is that you CANNOT convey the actual TITLE (DEED) to the property, because you don’t have title yet. You get title once you complete the financing terms set forth in the Agreement with your seller.

Hope this clears things up a bit.

GOOD LUCK!!!

Rick Wheat
www.realworldrealestate.com