The 2 Disadvantages of a Contract For Deed are:
- Seller retains the right to the property.
- No professional appraisal is required, so you might pay more than the home is worth.
Disadvantages of contract for deed includes:
- <u> Seller retains rights to the property,</u> and he can cancel the contract if the buyer defaults even once on his payments.
- <u>No professional appraisal is required, so you might pay more than the home is worth. </u>There is no requirement for appraisal of the property so the buyer does not have a reliable estimate of property worth.
<h3>What is a Contract For Deed?</h3>
A contract for deed is a unique financing tool available for a buyer, typically used when purchasing property. The buyer makes monthly payments on the property and receives the title only after the full purchase price is paid. The seller retains the title of the property until then.
Whether you’re the buyer or the seller, there are both advantages and disadvantages to a contract for deed.
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It facilitated faster transportation from the Atlantic to the Pacific Ocean
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Answer:
It establishes and Empowers the judicial Branch of the national government
Explanation:
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Answer:
b. unlimited wants and limited resources.
Explanation:
There are different definitions of economics. Some say it´s a science that studies the production, distribution and consumption of good and services. Another definition refers to the theories and models that govern the market process. But definitely, economics must strike a balance between a society´s wants - that may be unlimited - and the limited resources available.
