The Slow Flip contract for deed process is designed to be clear, simple and fair. We do our best to inform and educate homebuyers about our program. However, it’s a good idea to involve other independent professionals in the CD process – to make it easier, and to ensure that you’re making the right financial decisions for your family.
Here are three professionals that you may want to enlist when entering into a contract for deed.
Independent Professionals to Include in the Contract for Deed
Realtor or Attorney
At Slow Flip, we require all of our homebuyer clients to be represented by their own independent Realtor or attorney. And because Realtors play an important role in our contract for deed process, we have a clear and fair compensation structure.
Attorneys will have more detailed knowledge of contracts. But they lack the housing market knowledge and the ability to show you homes.
A professional inspector will identify any issues or needed repairs, and the costs that may be associated with them. Most Realtors have inspectors they recommend.
Loan Officer or Housing Counselor
A loan officer or housing counselor can assess your financial situation and help you make a plan to secure a mortgage in future months or years.
The Slow Flip contract for deed program helps families in the Twin Cities metro area of Minneapolis, St. Paul and surrounding suburbs purchase a home using a contract for deed, or CD, when a mortgage is not possible. The Slow Flip contract for deed can be an ideal tool to purchase a home when buyers need time to adjust their income, credit, debts or other financial components so they can eventually qualify for a mortgage.
Are you or your clients interested in learning more about the Slow Flip contract for deed? Contact us at 952-417-0000 today.