Today, Wayne MI homes for sale are priced as low as $48,000, as high as 1.5 million and every price in between. If you would like to purchase Wayne MI real estate, but credit problems are holding you back, there are creative methods to buy a home without needing bank qualifying.
If you are looking for Wayne MI homes for sale, then you probably already know that this is a unique location. Two Ford motor company factories operate here, but the city also makes efforts to attract new businesses and revitalize neglected neighborhoods. Relying too much on one industry to support the needs of the city and its residents can result in economic disaster.
Many people are interested in Wayne MI real estate because of the variety of activities that the area has to offer, both indoor and outdoor. The city's Parks and Recreation Department operates facilities for swimming, ice skating, racquet ball and other exercise programs. There are 17 different parks and playgrounds within the city.
Indoor activities near the Wayne MI homes for sale include performances at the State Wayne Theater on Michigan Ave. Community theater groups present several productions here each year and recent movies are shown with tickets costing much less than "multi-plex" prices.
If you are renting Wayne MI real estate, then you are probably aware of all that the city has to offer. If you can afford to rent, you can probably afford to buy one of the Wayne MI homes for sale. Even if you have been turned down for traditional financing, there are programs that can help. For example, a lease option system (aka rent to own) may help you buy your own home in less time than you think.
A lease option is a simple agreement between a buyer and a seller. Some of the Wayne MI real estate classifieds advertise as "lease, with option to buy". However, in a standard lease option you will be accepted or turned down based on your credit score.
However, in what are called sandwich lease options, you can buy a home even with bad credit. This is because someone is in the middle of the transaction, such as a real estate investor, who is guaranteeing the payments to the seller and subleasing the home to you with an option to buy it.
This means, in effect, you'll be using someone else's credit to help get you into a home.
This means that there is hope for people looking for Wayne MI homes. As long as the property fits your budget it may be a home that you can buy on a rent to own basis.
If you have steady employment, a few thousand for a lease option consideration and the motivation to improve your credit standing, Wayne MI real estate is not out of your reach.
If you're one of the many people with Wayne MI homes for sale, you'd be surprised to learn of all the advantages and flexibility that is possible when you sell your home for on terms. Creative methods include: lease options, land contract, and subject to's.
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