Lease Option Real Estate in Fenton, MI - Super Strategy in Michigan Economy for Buyer and Seller

If you know anything about Michigan's economy, you know who has done well for years, and may continue to languish. Real estate lease option Fenton, MI is a strategy that is working very well in today's economy if you are a seller or a buyer.

Fenton is a city in Michigan, located in Genesee County. The population is north of 10,000 and could be significantly higher than that by now, that number represents a census that is 7 years.

If you are a motivated seller wants to buy a house or home, you need to understand the lease to buy properties in Fenton, MI .... because it has advantages for both the buyer and seller alike.

First, a lease option is also called a rent to own, to understand that these terms mean the same thing.

Some advantages of Real Property Lease Option in Fenton, MI

Have you been downsized? Loss of job? To be transferred to another state? Paying two mortgages and can not afford both of them? It simply can not afford to make your mortgage payments anymore? If you have tried but can not sell your home with an estate agent, the lease option may be just the thing you need.

Put a tenant-buyer in your home will ease the monthly mortgage payments, and allow you to sell your home for much closer to fair market value of what you will get the list with a realtor in a slow economy.

Why is this?

Simply because the typical buyer tenant rent to own will not have the necessary down payment or credit score to qualify for a traditional bank loan.

This means that many of them will be willing to pay closer to the true value (estimated value) of your home of other persons who can obtain bank loans. It also means you can get good market rents during the option period.

Advantages Commercial to buy real estate in Fenton, MI

The advantages for the buyer are also numerous.

First, you get a shot at home ownership. Instead of wasting money on rent, you get the chance to buy a home you like.

Even if you can not get a traditional bank loan, and have injured or damaged credit, you can buy a house on a rent to own basis and stop wasting money on rent by a landlord rich.

Part of your monthly rent goes towards "rent credits". This is money that is put aside and goes toward the purchase price of the house if you exercise the option to buy it. For example, if you're paying $ 1,200 per month for housing, $ 200 dollars that could be awarded credit toward rent, which means that you are actually building equity when you buy the house.

Although there are other benefits too numerous to list here, another is that you get to "test drive" before buying the house. This is because if you set the real property lease option in Fenton, MI contract in the right way, you have the ability but not the obligation to purchase the home.

So, if the option is 24 months, you can live at home for 24 months and if you find that you do not like, or the neighborhood, you can choose not to buy the house.

This gives you a lot of flexibility and control.

No wonder the lease to purchase real estate in Fenton, MI is becoming one of the most popular ways to sell and buy a house here.

As real estate investors in Michigan, we collaborated with experts who have designed and built many leasing options in this state in recent years, and can help you if you need to sell your house or buy one on a lease option.

If the transaction is not set correctly, what is a potentially good thing for both parties may end up being a nightmare. So make sure you get it right, or seek the assitance of real estate investors who can help you put together for you.

We also have credit repair programs so that if you want t rent to own, you will be able to greatly increase the chances of being able to get that bank loan you need to buy that house lease option during the option period .. .....