Predatory home buying through contract-for-deed is a very effective way to buy cheap real estate properties, especially in low and medium price range. This method of real estate acquisition has been practiced by real estate sharks for many decades, they buy a piece of property, fill it with expensive and luxurious stuff, and then they give it back to the community later. They can do this because they have a much deeper connection and relationship with the local residents of the community than you or me, they know every detail concerning your life, your family, where you go to school etc. The end result is that the local residents often do not recognize the true value of their home, and the actual developer makes more profit from this transaction than what they could have if the home had been sold on its own.
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I have observed many home buyers over the years, who are lured by the very idea of selling their homes “on its own” and buying a new house in the process. Although some of these contracts are carefully worded and have clear terms and conditions, most of them are ambiguous. In one clause, it is possible for the developer to take away the ownership rights and use the money received from the sale of the home for any purpose they see fit. This leads to a lot of legal complications for the home buyers and can make a bad situation even worse.
The easiest way to avoid this kind of scenario is to go through an estate agent who will look after all the legalities involved in the transaction. If it turns out that there are any problems associated with the contract-for-deed, the estate agent will be able to prevent any unnecessary delays or legal complications, and the home buyer can get his money back faster than ever before. Home buyers can also save a lot of time by taking help of an estate agent as they will know exactly where to go for help and will not have to worry about finding the right people to help with these types of transactions in the first place.