FAQ

5 SIMPLE STEPS TO OWN YOUR HOME (SOME DO IT IN 24- 48 hours)

STEP-BY-STEP  guide to how it works 

1. View the property

2. Fill in online application form 

 3. Approve paperwork, make downpayment. 

4. Collect keys and move in

5. Make monthly payments, and at the end of the loan term, the title will be recorded and transferred to your name.

FAQs

Are you ready to buy a home but feeling limited by traditional financing options? 

Blissful Homes Equity Partners sell owner-financed homes through contracts for deed, sometimes also known as land contracts. A land contract is a legal document between a buyer and seller for real property and are enforced like any other contract. 

How much does it cost to purchase a home? There is a $50 application processing fee. Downpayments are usually in the range of $3500-$6500 depending on the property. Monthly payments are in the ball park of $900-$1300, which includes principal, interest, tax and insurance.

Seller-financed homes, sold through land contracts, or contracts for deed are legal and flexible alternatives that can make homeownership a reality—without the need for a bank or traditional mortgage. Here’s why more homebuyers and sellers are choosing these alternative financing options:

1. Easier Qualification, bad credit is ok

Traditional banks and lenders require strict credit scores, hefty down payments, and a lengthy approval process. Our qualification criteria are more flexible. Whether you have less-than-perfect credit or a unique financial situation, we have the discretion to work with you and offer you affordable downpayments

1. Fixed monthly (principle and interest) payments for 30years. You need not worry about rent increases, or a landlord selling their house and asking you to leave. You can enjoy the security of homeownership.

2. Faster Closing Process

Skip the long wait and get into your new home sooner. Once qualified through our straightforward 1 page form, make your downpayment and you can move into your home. Instead of waiting for 30-60days working with a bank, get in your home in 3 to 7 days.

3. No closing Costs

No realtor's commission or title companies fees that can cost thousands. However, if you like to do a traditional closing at a title company, we will be happy to do so. Purchaser will bear all closing costs of using the title company.

4. No Prepayment Penalties

Unlike many traditional mortgages, seller-financed loans and contracts for deed typically do not come with prepayment penalties. This means you can pay off your home early without incurring extra fees, giving you the freedom to save on interest over time and own your home outright sooner than expected.

5. Building Equity from Day One, Sell or Refinance when you are ready.

You are making payment towards the full ownership of your home, you can also choose to sell it or refinance it with other lenders if you find a better interest rate down the road. Of course you can also pass the home down to your heirs and family when you have completed the payments.

6. Freedom

You have freeom to do minor renovations (under 5K in value) of the house, paint it any color you want without asking for permission from us. City permits and licenses will be the responsibility of home buyer.

7. What if something breaks down and needs repair?

All homes are sold as is, it will be the buyer's responsibility to maintain and repair their house. We encourage all buyers to inspect the homes before deciding to commit to the purchase and have a qualified person review your contract before signing.

8. Are you a scam? How do we verify that you are the rightful owners?

We are more than happy to link you up with our title company, attorney's office or realtor involved in our property acquision procees. They are neutral, and licensed  third party providers and can verify our authority in selling our properties. It does take several weeks to get a new warranty deed to be recorded, so often the county's public record may not always have the most up-to-date records reflecting on our ownership, since we purchase properties and sell it to our customers usually within a short time span before the new transfer gets recorded. The title company is the party that sends the notarized deed to be recorded with the registry of deeds and will be able to vouch for our credibility.