The signs and advertisements read, “ For sale by owner, Saginaw, Michigan. ” A recent internet search returned 22 results for homes in and around the city of Saginaw that are being sold without the assistance of a real estate agent. Some property owners have learned that they can “do it themselves” and keep the commission for themselves, as well. But these are the lucky few.
Time is a big issue in the real estate business. Property owners, with or without an agent's assistance, may find themselves waiting longer for a buyer to come along than they expected. Probably, longer than they wanted, too. The majority of the classifieds have been listed for over a month.
Economic conditions throughout the state of Michigan make it difficult for property owners to wait. Currently there are nearly 150 properties in foreclosure or pre-foreclosure status. Some of these, at one time, probably had signs in the front yard reading " For Sale By Owner Saginaw Michigan “.
On the other hand, buyers and real estate investors can find some true bargains. In addition, people with problematic credit or small down payments may be able to get the sellers to agree to a “lease option” or “rent-to-own” agreement.
Remember that many seller's goal is to get the property off of the market as quickly as possible. In real estate, property goes “stale” if listed too long. Properties that have been on the market for several months or more are considered harder to move and generate less interest.
With the economic environment that currently exists in Saginaw, most properties are slow or hard to move. And, it's a shame. Saginaw can be a great place to live.
At the last census, over 60,000 people lived in Saginaw, but many of them are renting. The downtown area is struggling but, just across the river, Old Town is thriving, with popular bars, restaurants and arts organizations.
Historically, the Saginaw River served as a major transportation route for several Native American tribes, including the Chippewa, the Sauk and the Ottawa. What is now Saginaw Bay provided access to Lake Huron and beyond. Just south of the city is the 9427 acre Shiawassee National Wildlife Refuge, which hosts over 270 species of birds and sees thousands of human visitors each year. There is a great potential for developing and attracting tourism to the area.
The for sale by owner Saginaw, Michigan listings have much to offer. Prospective buyers may need to learn how to see the potential and the sellers need to learn how to attract more buyers. A lease option agreement can help.
As real estate investors in Michigan, we have an experienced team that has done hundreds of lease options in Michigan in the past few years.
If you're a seller, we can sell your property much more quickly than you can due to our unique programs, connections, and marketing. You just need to be willing to work on terms and be truly motivated.
If you're a potential buyer, but have bruised credit or other issues that prevents you from getting traditional bank financing, don't worry. We have a unique system called the Locator program that will help us get you into a rent to own home, and credit repair systems to help improve your credit score. No bank qualifying needed. All that's required is the ability to make monthly mortgage payments and a modest down payment, and a desire to own a home rather than waste more money on rent.
For sale by owner Saginaw Michigan: both sellers and buyers, visit us now and see how we can benefit you.
Dan Ho is a real estate investor in Michigan. Visit for sale by owner Saginaw Michigan now if you want to a buy a home or need to sell yours quickly.
http://www.buy-sell-michigan-real-estate.com has info on FSBO's, rent to owns, and a variety of other helpful free information.