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Agreement or Contract for Deed for Sale and Purchase of Real Estate Aka Land or Executory Contract New Mexico Form

Agreement or Contract for Deed for Sale and Purchase of Real Estate Aka Land or Executory Contract New Mexico Form

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What makes the agreement or contract for deed for sale and purchase of real estate aka land or executory contract new mexico form legally valid?

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Instructions and help about Agreement Or Contract For Deed For Sale And Purchase Of Real Estate Aka Land Or Executory Contract New Mexico

so that's a great question and the way I typically explain it to people and the way I teach my coaching students to explain it is that basically first of all it's not to be confused with a rent to own or release option a lease option is exactly that it's a lease you are a landlord it's a lease and they have the option to purchase it with an agreement for deed or a contract for deed it is a set contract that at the end of that contract they now get the deed so the way I explain it to people is I tell them that when you buy a house using a bank you the deed goes into your name and then you make the payments until it's paid off and at the end you own it when you buy a house from us you make the payments till it's paid off and then the deed goes in your name it's the exact same end result um just a different way of going about it hope that clarifies that for you

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