Under a Contract for Deed, once the Buyer has made all the payments specified in the agreement and met all other obligations, the Seller must transfer a valid legal title through a Deed. This type of agreement which allows the Seller to transfer the title of the property to the Buyer while retaining the title, is also known as a Real Estate Installment Agreement, Contract Sale, Land Contract or Agreement for Deed. If the owner of a property wishes to sell the property to a buyer and wants to finance the sale, he or she will need to use a Contract for Deed.
