Easily Hide Dropdown List in the Contract For Deed/Land Contract

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How to Hide Dropdown List in the Contract For Deed/Land Contract

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- Hey, whats up guys? In this video, were going to talk about the land contract and how it works for real estate investors. Okay, lets get started. (cheerful music) All right, the land contract or another name for it is contract for deed, is an alternative to the installment sale. Now, if youre not familiar with these terms, Ill just break them down for you. When youre engaging in an installment sale, So if I was going to sell a piece of property in an installment sale to this buyer right here, what Im essentially doing with my, my, my property, when I sell it to them is Im acting as the bank on this deal. So this buyer will pay me money every month okay, just like you would on a mortgage, it would come back to me on a monthly basis. And so Im carrying the contract essentially, when I sold this property on an installment sale. Now in this scenario in an installment sale, the buyer becomes the title holder of the property all right. So, so the property is now transferred into t

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the difference between option pending?

Option Pending is in place during the Option Period. The option period is the time where the buyer has the option of canceling the contract for any reason. Pending is after the option period and the sale is in escrow.

What does continue to show mean?

This status is Pending Continue to Show (PCS) and is used to show that the listing is pending and that the sellers have directed the participant to continue to show the property and seek agreements of sale.

What happens when you are under contract?

Under contract means that a seller has accepted an offer on the property, but the sale isnt final until all contingencies are met. It typically takes 4 8 weeks from the date the offer is accepted until the sale is complete.

What is a showing contract?

A One-Time Showing Agreement form is a legally binding agreement between the buyers broker and the homeowner listing the property for sale.

What is a wrap around land contract?

A wrap-around mortgage is a type of financing, similar to owner financing. In a wrap-around, the seller has a pre-existing mortgage on the home, but you arent assuming his loan. Instead, youre buying the home directly through the seller who wraps your mortgage around his own home loan.

What does it mean by option pending?

Option Pending means that the transaction is still within the Option Period. So, buyers have a chance to back out. Pending means they are out of the Option Period to back out of the Contract, It means if there are any problems the seller and the buyer have work thru them and Pending is the last stage before they close.

What does under contract continue to show mean?

Under Contract - Continue to Show is a status that we as Realtors use when the property we had listed has an agreed upon contract. That contract is being held at a Title Company with Earnest Money attached. It also means that other buyers may go and see the home, accompanied by their Realtor.

What is the difference between under contract no show and show?

Under Contract-Show status means the listing is under contract but is still available for showing, and backup offers are being solicited. Under Contract-No Show means the listing is under contract, showings are no longer being sought and backup offers are not being solicited.

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Hide Dropdown List in the Contract For Deed/Land Contract