Whether you are buying or selling Flint MI real estate, Genesee Co MI real estate or any Michigan home, the information here may be helpful. Particularly if you are the “bruised credit buyer” or the “motivated seller” of real estate, Genesee County MI investors, like us, want to help.
First, a little about Genesee County, in case you are new to the area. In terms of real estate, Genesee County MI covers approximately 640 square miles, including several lakes, parts of the Flint and the Shiawassee Rivers. Most of the lakes are in the southern section of the county, around the cities of Linden and Fenton. In all there are 11 cities, 5 villages, 17 townships and a number of unincorporated communities in the county.
Buying Real Estate Genesee County Michigan
Whether you want a city house or a country house, an historic area or a modern community, waterfront activities or ample shopping, you should be able to find something you like in Genesee County. But, maybe the problem is not finding something you like; maybe your problem is past credit issues. If so, then you are not alone. The state’s economy has suffered over the past several years. Many residents have suffered as well.
There are a large number of factors that can affect a person’s credit rating; unemployment, divorce, inaccurate reporting, just to name a few. They say that bad things happen to good people. We have found this to be true. We try to help good people out of bad situations with real estate, Genesee Co MI real estate and other areas of the state.
You may feel that your situation is hopeless, but it is very likely that you are wrong. If you have steady employment, can afford the monthly payments and have a few thousand for a lease option consideration, then you can probably be a homeowner in less time than you think.
Even if you have been turned down for traditional financing, you can own your own real estate Genesee Co MI is one area that is uniquely suited to a person in your situation. As investors in real estate Genesee County Michigan is just one area that we have chosen to work in. You tell us what you are looking for and we locate a home for you or you locate it yourself and we step in and negotiate with the seller.
This is a unqiue program that works very well; we are not real estate agents or brokers. We set up what is called a sandwich lease option and work on credit repair with you.
This is important for two reasons: it in effect allows you to buy a home “using our credit.” While you are in the rent to own, we work with you on improving your credit in conjunction with a credit repair company. This will allow you to increase your score with time and get the needed mortgage through our mortgage brokers / loan officers so you can purchase the rent to own home you are in.
Also, improving your credit score will save you a ton of money over the loan term since people with poorer credit pay substantially higher interest rates on the principal loan they borrow for their mortgage.
Selling Real Estate Genesee Co MI
The property values in many areas of Michigan dropped significantly last year. Some experts say they have bottomed out and will begin to rise again, soon. Others are not sure. Regarding the average selling prices of real estate Genesee County Michigan has a wide range. For example, the median asking price for a home in Flint is less than $75,000, while in Grand Blanc the median is nearly $200,000. Regardless of the price, many of these homes have been on the market for four or five months. That may be too long for you to wait.
For many people trying to sell real estate, Genesee Co MI and the economic struggles of the area have caused problems. In Flint, there are over 1100 foreclosures, today. In Grand Blanc, there are 165. If you are trying to sell your property and you are running out of time, we may be able to help. In some cases, we can pay cash for your home. We may be able to take over the mortgage payments. We are willing to try to find a solution for your problems, if you are willing to work on terms. We look for a win-win situation. terra hill