Contract for sale ! Good or bad?

[Deion Moore]

So I recently began searching for properties for buying in a seller financing opportunity. The current strategy I’m using is setting keyword alerts on Craigslist to gain potential leads (if anyone has any key word suggestions btw I’d love to hear them). I amanfirst time homebuyer and am still trying to educate myself. I’ve had some trouble gaining funding from mortgage lenders during this pandemic which is why I’m turning towards seller financing.

Anyways I’ve been seeing a ton of “contracts for sale” properties popping up on CL. I’m not sure if these are wholesalers looking for their brake or what? Is this something I should run away from or is this a a normal potential buy that investors take.

Please let me know your opinions. Thanks,

Deion