One of the most interesting facts about Warren Michigan real estate owners is the length of time that they live in the city; an average of 35.5 years compared to the national average of just 8 years. If this number is any indication, people are happy with their Warren MI real estate.
The good news, for those of you that are interested in buying Warren Michigan real estate is that there are currently over 500 homes for sale. The bad news, for those of you that are trying to sell Warren MI real estate, is that it usually takes months for a sale to go through, because of competition and a slow market.
Experienced Warren Michigan real estate investors can help sellers and buyers in a slow market with creative methods. In particular, those buyers with bruised credit and the seller who needs to move quickly. There are many economic issues affecting the residents of the Detroit metro area. If you are having problems buying or selling, you are hdardly alone.
The changing job market has had a big influence on the values of Warren MI real estate and on the number of properties for sale. Changing jobs can also have an affect on a person’s credit rating. Factories close, employees are laid off or let go. Whether or not a regular paycheck is coming in, the bills come regularly. Even one or two late payments can negatively affect a person’s credit rating. Other issues can be even more damaging.
If you would like to buy Warren Michigan real estate, but your credit is a problem, our lease option plan may work for you. A lease option (also called rent to own) is a simple agreement between a buyer and a seller. Real estate investors can help facilitate the transaction by becoming a principal in the transaction. This allows you to buy a home with bad credit.
If you are employed, can afford the monthly payments and have accumulated a few thousand for the lease option consideration, then you can buy Warren MI real estate. It may take some time, but probably less than you think. You may need some help from the right people, like us, but you can stop renting and start investing in your future.
If you own Warren Michigan real estate, the changing job market that has caused so many problems, for so many people, may be causing you problems now. Many companies have closed. Some have transferred employees to other locations. When you need to move quickly, you sometimes end up with two mortgages. That can be devastating and can lead to foreclosure. You should know that there are many alternatives to foreclosure. Real estate investors can sometimes buy your home for cash if the numbers work, or on terms if a cash purchase isn’t possible.
Right now, the median price for Warren MI real estate is $132,900, but many properties are selling for less and some are selling for more. Property values have gone down over the last several years, but are expected to begin rising again. If you start now with our lease option plan, you will eventually profit from the improved value of your Warren Michigan real estate. If you continue to rent, only your landlord will profit.
Warren Michigan Real Estate - Buy A Home Even With Bruised Credit - Or Sell Your Home Fast On Terms
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