More Seller Financing —
& More Flexible Terms

Sellers Terms: Cash, Contract for Deed, Contract/Deed w/Assumption, Conventional, DVA, FHA

–MLS listing

I’m seeing lots more listings like the one above.

If you don’t speak “Realtor,” here’s a quick glossary:

Contract for deed: Buyer makes monthly payments to the Seller, who retains title; title transfers when the last payment is made.

DVA: Department of Veteran Affairs loan. Great terms, zero down — for those who qualify.

FHA: Federal Housing Administration. FHA-insured loans are the source of financing in today’s housing market.

Conventional: a traditional bank-originated mortgage, typically packaged and re-sold to the secondary markets — at least when the amount is less than $417k (called “conforming”) in most parts of the country.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

Leave a Reply