The contract for deed program is designed to make the path to homeownership easy and straightforward, with a quick and efficient timeline that can take as little as 5 days from start to finish. Here's an overview of the four main steps in the process:

1. Pre-Qualification: To get started, you'll need to get pre-qualified so we can notify you of available properties that meet your criteria. This step is free, has no obligation, and won't impact your credit score. Simply provide us with some basic information about your desired property location, condition, financial situation, and any other criteria, and we'll let you know which properties might be a good fit.

2. Property Tour: Once you've been pre-qualified, we'll schedule a property tour so you can gather more information about the property and decide if it's the right fit for your goals. During the tour, we'll answer any questions you have about the property and the contract for deed program, and help you make an informed decision about whether to move forward.

3. Secure Your Home: If you decide to move forward with a property, the next step is to submit a down payment, sign the contract for deed agreement, and transition the property utilities into your name.

4. Move In: Complete the journey by moving into your new home! We'll quickly set a convenient move-in date, typically within days after finalizing the contract. On this day, you'll receive your keys and a welcome packet with essential property information, including warranty and maintenance tips. Our goal is to ensure a smooth and stress-free transition, allowing you to immediately start enjoying your new home.

A contract for deed, also known as a land contract, is a type of real estate transaction where the buyer agrees to purchase a property from the seller through a series of installment payments. Unlike a traditional mortgage, where the buyer obtains a loan from a bank to finance the purchase of the property, in a contract for deed, the seller serves as the lender and the buyer makes monthly payments directly to the seller. The seller retains legal ownership of the property until the buyer has paid the full purchase price, while in a traditional mortgage, the buyer obtains legal ownership of the property and the lender holds a lien on the property until the mortgage is paid off. Once the final payment is made, the seller transfers the deed to the buyer, who then becomes the new owner of the property.

The contract for deed program offers clear title properties with no liens to ensure buyers have a worry-free purchase. Although the properties may require TLC, buyers have the freedom to upgrade their home to their own taste and on their own schedule. Prior to agreeing to purchase, buyers are responsible for inspecting the property and doing their own due diligence for any needed upgrades. The best part is that there are no additional costs beyond the down payment, as we absorb all closing costs for you!

It is our mission to make homeownership accessible to everyone, and this is reflected in our low down payment requirements. The down payment on most properties is around $5,000, which is a nonrefundable deposit that is applied to the purchase price, secures the property for the buyer, and is due at the time of signing the agreement. By keeping the down payment low, we help buyers overcome one of the biggest hurdles to homeownership and start building equity in their new home with a more manageable financial commitment.

We take care of property taxes to ensure that buyers don't have to worry about additional expenses while working towards homeownership. Additionally, hazard insurance is purchased by us and reimbursed by the buyer through their monthly recurring payment. It's important to note that the insurance purchased by us only protects the house itself from damage, and if buyers want to insure their personal belongings, it's recommended to obtain additional insurance.