The Zeeland MI real estate market consists primarily of single family homes. If you are interested in Zeeland Michigan real estate, but past credit issues have left you unable to qualify for traditional financing, experienced Michigan real estate investors may be able to help with a unique lease option program. A lease option is also known as a rent to own and gives you a contractual right to purchase the home.
Or, maybe you are trying to sell Zeeland MI real estate, with little success. The market is a little slow, a little soft and you may be tired of waiting for a buyer and tired of making the monthly mortgage. Our lease option program can work for frustrated sellers, as well.
If you are thinking of moving to Zeeland, you may be interested in a little history of the community. The Zeeland Michigan real estate market began with the purchase of 16,000 acres by James Vande Luyster. He and a group of nearly 500 immigrants from the Netherlands made their way to the state in the summer of 1847, in search of religious freedom, which they found here. They named their new community Zeeland, after a province in the Netherlands.
Today we have Zeeland City, with a population around 6000, and Zeeland Charter Township, with a population of nearly 8000. Both are located in the county of Ottawa. In the same county is the city of Holland, Michigan, with its yearly tulip festival, working windmill and numerous outdoor attractions. These are small towns, within commuting distance of the major city of Grand Rapids.
Today, the median price for a home in the Zeeland MI real estate listings is $167,000. The median asking price is a little higher for those homeowners using a real estate agent, but that may not necessarily mean more money in the seller’s pocket.
Real estate prices are always in flux as we all know. With the right lease option program, a seller may eventually be able to gain equity when the Michigan real estate market rebounds, and building equity at the same time with rent credits. As experienced Michigan real estate investors, we are interested in helping good people out of bad situations whether you are a buyer or a motivated seller.
The price range of Zeeland Michigan real estate is wide. Homes start as low as $100,000 and go up to over $700,000. There is probably a home that will fit just about any budget in the Zeeland MI real estate market or in one of the cities or counties nearby. Our lease option program works in any area of Michigan, as well.
If you are the bruised credit buyer, our program may help you get into a home very quickly. With our lease option program, a portion of your rent will go towards the actual purchase of a home. It is sometimes referred to as “rent-to-own” and that’s a fair term. Rather than the entire monthly rental going to the landlord, a portion is set aside for you. . . for your future if you exercise your option and buy the home.
If you can afford to rent Zeeland Michigan real estate, have accumulated a few thousand for a downpayment or “option consideration”, you can afford to own. Most lenders focus on the credit score, which does not always accurately reflect a person’s true “credit worthiness”. A credit score is also no indication of what a person can truly afford. If your credit score is low, but you know what you can afford, then we may be able to help. There is hope. There is hope for the economic future of the area and hope for your economic future as well.
New businesses and new health research facilities in Grand Rapids are creating new jobs for area residents and attracting new residents to the area. Over the next several years, Zeeland MI real estate values may increase, as the state economy rebounds. If you, the potential buyer, start now with our lease option program, you may see the value of your property increase over time, thus improving your personal economic future and owning your own home.
After all, how much will your current rent receipts be worth after a few years?
Dan Ho is a real estate investor in Michigan. Visit Zeeland MI real estate to learn more about the advantages of a rent to own / lease option for both bruised credit buyers and sellers willing to work on terms. http://www.buy-sell-michigan-real-estate.com is the definitive resource online for sellers and buyers of Michigan homes and properties.