Tip of the Week for 7/1

Searching for Contract for Deed

Tip of the Week Submission Winner Congratulations to this month’s winner, Lorri Kaas of The Minnesota Real Estate Team in Minneapolis! Lorri received a $30 Caribou Coffee Card for her Tip of the Week submission question on Searching for Contract for Deed listings. Here’s Lorri’s submission:

Do you have a home buyer that is looking for a contract for deed as a financing option to purchase a home from a seller? There are three different ways to search the NorthstarMLS database for this type of agreement. Contract for Deed is found in the Terms (seller will accept) and Existing Financing fields, depending on whether you want to search for one that will accept it or one that is currently financed as a CFD. There is also Financing Terms of Sale field to run stats on properties that have closed with a CFD.

The three search fields for CFD are shown below in the screen shot.


Reminder To execute these three types of searches, you must add them by using the Add/Remove widget in the Additional Fields box.

 

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