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Contracts for deed are under federal mortgage protections: CFPB 

Housing Wire

In these contracts – also known as “land contracts” or “bond for deed” –the seller retains the legal title to a home until the borrower completes all the payments, leading to some “traps,” according to the CFPB. Home prices are usually inflated, inspections are not made, and loans have high interest rates and balloon payments.

Mortgages 481
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From consultation to closing: The definitive homebuying checklist

Housing Wire

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Walk your client through all the pieces of their offer, including price, inspection timelines, closing dates, contingencies and any due diligence or earnest money deposits.

Closing 329
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How to Buy Land in 8 Steps: A Guide for Investors

The Close

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. Let’s get into it!

Land 98
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What is a real estate broker vs. an agent? We explain the key differences

Housing Wire

Though most commonly thought of for residential deals, real estate agents can also help people buy, sell or rent commercial properties, land and more. This course covers real estate law, contracts, finance and ethics. With that in mind, it’s a good practice to interview multiple brokerages before deciding where to land.

Agents 448
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Homebuilders are at max capacity. And the housing shortage keeps widening

Housing Wire

Aerial drone inspection of Lennar’s Westview housing development Miami, Florida. Those include material shortages (such as a current lack of electrical transformers and the volatility of wood pricing) as well as shortages of skilled labor , zoning restrictions and available land. Taken by Felix Mizioznikov.

Land 370
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NFT mania and the future of the home sale

Housing Wire

The deed then, as now, is a token, be it a piece of paper or PDF that represents the transfer of land. County deed recording can be archaic, acknowledged Steve Gottheim, general counsel of the American Land Title Association , the main trade group for title companies, with counties slow to digitize records.

Sales 501
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Opportunities to improve the home-building process

Housing Wire

The real estate industry is full of complications that don’t exist elsewhere, from the way we incentivize real estate brokers to the way we value land and homes. With so many moving parts involved in new home construction, financing can be one of the most opaque and confusing steps. Creating transparency. Automating for efficiency.