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.
Learn more about Contract For Deed on:
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I think it is "all of the above".
Answer:
Multilingual.
Explanation:
When I'm travelling I can understand what other people are saying(expands your communication skills) . And if a country is multicultural, where all speak several languages, you can go for interviews and talk in the language in which you're more comfortable. Being able to speak more than 2 languages makes you open-minded and expands your mind.
