Dan Ho asked: If you are hoping to buy or sell real estate Dearborn MI is just one of many places where all options should be considered.
If your credit has been damaged, you may think that you cannot buy real estate Dearborn Michigan. But we’re here to tell you that you can with the help of experienced real estate investors like us.
On the other hand, if you are trying to sell, concerned about the sluggish market, frustrated with declining values and tired of waiting for a buyer, you should know that many prospective buyers are often overlooked. These are buyers who have bruised credit, but are good people. They have a steady job and can make monthly mortgage payments.
Hey, bad things happen to good people all the time. In this economy, many good people have bumpy credit but want to buy a home. As real estate investors, we know how to find buyers with bruised credit a place to call home at a price they can afford, and how to sell the homes of motivated sellers who are willing to work on terms.
Real Estate Dearborn MI: A Bit of History
Dearborn was the home of Henry Ford. It was the birthplace of the Ford Mustang. The Ford factory there still builds the F-150 pickup truck. It is the location of the Henry Ford Museum, the nation’s largest indoor-outdoor museum of American history, and the first million dollar high school, Fordson High. Culturally and ethnically diverse, the city has much to offer.
Not too many years ago, Dearborn had one of the lowest unemployment rates in the country. Now it has one of the highest. New jobs and new industry will eventually correct the problem, but many people will be left with lower credit scores, possibly for years, especially if they don’t understand how to repair them. The credit bureaus do not make any effort to delete old or inaccurate information, unless it is brought to their attention.
Real Estate Dearborn Michigan
Because of all the people with bruised credit, and because bank’s are tightening their lending standards, many good people who want the dream of homeownership cannot qualify for a traditional mortgage.
This seems ironic since so many people are also trying to sell their homes too. The key is that you must be willing to work on terms — that is, be truly motivated to sell, and you must tap into the large segment of the market of people who have jobs, but can’t get that bank loan and mortgage to buy your home.
This is where we step in as real estate investors and solve your problem of selling your house on terms, or finding you one to buy even if you have credit issues currently.
We employ the lease option strategy. The lease option is also called the rent to own, and it can be negotiated to suit all parties. Terms can be varied, as unique as the individual buyers and sellers.
The biggest advantage to the person with bruised credit is that while the bruises are healing, they are investing in their future. Most lenders advise that it takes at least a year to resolve even minor credit issues, but this is not necessarily the case. Talking to lenders can be very discouraging if you have problem credit, no matter the cause.
When it comes to buying real estate Dearborn Michigan is a good place to start looking. The median price for a home is around $160,000. But there are also many more affordable homes.
As real estate investors with unique programs and experience and connections, we are teamed up with investors in the state of Michigan who have done hundreds of lease options for sellers and buyers, allowing people to sell their homes, and tenant-buyers to buy one. We have the know-how and make the transaction work for you; we also handle all the paperwork for you. In short, we do it right.
If you want to buy real estate Dearborn MI, have a job, a small down payment and a little motivation, even if you have past credit issues, you can own your own home. As the economy improves in Dearborn, you will see the value of your home increase and your future will become more secure.
Just recently, the city officials were given the go-ahead to begin negotiations with a real estate development company interested in the Michigan Avenue area. The company’s unnamed tenant wants to move their corporate headquarters to Dearborn. If all goes well, within the next two years, this corporation will bring in more jobs and the employees who transfer with them will need places to live.
If you are looking for a home or real estate Dearborn Michigan is just one place to look. The techniques mentioned in this article work for us all over the state of Michigan and can help you buy or sell a home in almost any area you’d want to live in.
Visit us to find out more on how our programs can benefit you today.
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