This home is a great starter with plenty of space and charm. With a little love and updating this home has great potential. Call your favorite agent today to schedule a tour. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.