How to buy a House for Act contract

A contract for the service is an agreement between the buyer and the seller of an immovable. The seller provides funds for sale. This is done by the parties agree on a price. The buyer makes payments, until the total purchase price reached.During dividends process which maintains contract for the buyer Act possession of the premises. The ownership of real estate is however not transfer to the buyer until the total purchase price is paid.Difficulty: moderately ChallengingInstructionsThings need: real EstateContract for deedTitle1Negotiate sale contract and enter into a contract of sale. A contract of sale is used in cases when the transaction with a mortgage loan home or a contract for deed 2Place a deposit on the property is closed. In most cases, concerning a contract for the service, the buyer can negotiate a payment which is minimal (two or three percent of the entire purchase price is). 3Make monthly, as provided in the agreement for the preparation of the deed. 4Undertake final balloon payment required. For Act provide most of the contracts of the purchaser make a final balloon payment after a period of time. In many cases buyer financing for this payment. 5Obtain ball a transfer of title on your behalf to locate when you have completed the payment process (when, which includes all payments and a final balloon).