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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Prescriptive approaches to teaching designed to help students acquire a deep understanding of specific forms of knowledge is referred as <u>instructional strategies</u>
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Answer:
oral and in writing to be enforceable
Explanation:
An agreement that is writing and signed by both parties makes it binding on both of them hence it is enforceable by the law. So an agreement to seek an interest in real estate must be put down in writing also so that it can be enforceable by the law should problem arise.
I believe the answer is: b. interviewing people who are in the news.
By interviewing people who are in the news, Political candidates could have a platform to give further explanation regarding their past actions or plan in the future. This will keep the audience informed regarding what's going on in the government and help them to make their decision in the next election.