Anoka County Contract for Deed

Real Estate Agent with RE/MAX Results MN#20344949 WI#93113-94

If you have had some credit trouble, such as previous late mortgage payments, then your only option for financing is likely a Contract for Deed.  A seller offering a contract for deed is looking for a few things from most potential buyers:

1. Large down payment.  Typically 10-20% of the sale price, however some sellers will be flexible.

2. Verification of income to afford the home by presenting paystubs and tax statements.

3. Often a seller will want a 3-5 year balloon payment to cash them out of the loan.

4. Interest rates will be higher then current conventional loan rates. Probably 5-7% depending on the seller.

As of today I see 25 MLS listings that offer contract for deed in Anoka County.  Only 7 of them are under $200,000.  

One of my featured listings is located at 3835 191st Ave, East Bethel for $189,900.  Its a 5 BR, 2 BA home on 2/3 of an acre.  Total updated through out! More info at the link.

For all the Anoka County Contract for Deed home listings contact me!

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Chuck Carstensen is a Realtor with RE/MAX Results in Elk River and Cambridge, MN.  Helping buyers, sellers and investors in great Minnesota counties like Sherburne, Isanti, Wright, Anoka, Chisago, Hennipen and Mille Lacs. He is a Certified Distressed Property Expert (CDPE).

Contact Chuck by emailing him at or by phone at 612-290-3809. 


Comments (3)

William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

C 4 Deed can be a good option if you credit is bad and the seller is willing to still give you a chance.

Oct 15, 2012 12:32 PM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

We do quite a few contract for deed properties.  Sometimes they work for the buyer, and sometimes, they don't.  But, it is never a waste of time if you can make the right connections.

Oct 29, 2012 08:57 AM
renee gomez

Ive exhausted my options for a home. Can you help me

Jan 23, 2016 12:51 AM