Commerce Michigan Real Estate: Buy a Home with a Lease Option and Stop Spending Money on Rent

Many Commerce Michigan real estate owners and want to own are faced with real problems. The number of Commerce MI foreclosures is increasing. Across Oakland County, foreclosures are on the rise. According to county government officials, “Rising homeownership costs, rising debt, declining income, loss of jobs, and a weakening state economy have doubled foreclosures in the county. from Oakland over the past year. “

Many of the same factors that have caused a spike in foreclosures have affected the credit ratings of some really good people, notably declining incomes, losing jobs, and weakening the state economy. If you expect to buy real estate in Commerce Michigan, but your credit has suffered, you should know that there is hope.

Due to its location, near Detroit and less than thirty minutes from Pontiac, GM employed many residents. Some still are. Layoffs, cutbacks and acquisitions affected not just auto industry employees, but nearly everyone in the state. Many companies closed offices or went bankrupt entirely, because companies depended on money spent by employees in the auto industry.

Temporary job loss may have caused your credit problems. Even a few late payments on credit cards can dramatically lower your credit score. You may have worked hard to pay off your debts and even saved for a down payment, but you still find buying Commerce MI real estate difficult, frustrating, or downright impossible. There are options that you do not know.

Regardless of the cause of your credit problems, they can be overcome. If you can afford to rent Commerce Michigan real estate, then you can probably afford to own Commerce MI real estate. If you are employed and can afford the monthly payments, then a lease option or a rent-to-own plan may work for you. A down payment or option consideration will be required, but a portion of your monthly rent will go toward buying a home. In other words, you can build equity and get real home ownership.

With a standard lease, all money goes to the landlord; none of that goes into your future. People sometimes rent for years and have nothing to show but a bunch of rent receipts. As experienced Michigan real estate investors, we offer a unique lease options program that will allow you to invest in your future, improve your credit score, and own a home, much sooner than you ever thought possible. We know that bad things happen to good people and we want to help change everything.

Perhaps you are a Commerce MI real estate owner dealing with the problems caused by “rising home ownership costs, advancing debt, declining income, job loss, and weakening. of the state economy “. You may be looking at Commerce Michigan real estate listings and wondering how long your home will stay on the market if you are a seller. You may have bought your property when your income was high and your future looked bright. Your business may be offering you a transfer, but you are wondering how you will buy a home in a new area, before selling the home you have.

You may be behind on your payments and face foreclosure. There are several unique options for avoiding foreclosure. The leasing options program we offer is one. We may be able to find a potential buyer … someone who can make the mortgage payments and eventually purchase your Commerce Michigan real estate. We seek a win-win situation for both Commerce MI real estate buyers and sellers and for buyers and sellers throughout the state of Michigan.

Michigan real estate trading is one of the most beautiful properties in the country. At one point it was a summer and weekend hangout for Detroit residents. Transportation improvements made it possible to live there year-round and continue to work in Detroit, Ann Arbor, or Pontiac. The Huron River and several lakes provide a secluded rural setting, while parks and golf courses provide recreation. The value of Commerce MI real estate is likely to increase again over time, as the state’s economy finally recovers.

Now could be a great time to start investing in your future.