Located near Anchor Bay in Macomb County, Chesterfield MI real estate covers an area of about 30 square miles. Currently the median price for a home in the Chesterfield Michigan real estate classifieds is $219,000, but prices start at under $100,000 and go up to several million for lake view properties.
If you are having difficulty buying or selling Chesterfield MI real estate, there are solutions. Regardless if you are a potential home buyer who has bruised credit and can't seem to get bank financing or a seller who needs to move but can't sell in a soft market. Both of these will be covered later in this article after a bit of info on the surrounding area.
Outdoor activities attract many people to the Chesterfield Michigan real estate listings. The local government is that of a charter township, operating their own police and fire departments, as well as the department of parks and recreation. Within the borders of the township are Brandenburg Memorial Park and Bertha Pollard Park. And, plans are in place for the development of the 20 acre Connie Bowles Memorial Park.
Brandenburg Memorial is located on the shores of Anchor Bay and offers a fishing pier, boat launches, volleyball and basketball courts, horseshoe pits, and trails for hiking or biking. The amenities in Bertha Pollard Park include baseball diamonds and soccer fields. Connie Bowles Memorial Park on 25 mile road will serve the needs of neighborhoods and communities in the rapidly growing northern half of the township. Plans for the park include a baseball field, soccer field, picnic area, nature garden, playground and walking paths.
For boating enthusiasts, Chesterfield MI real estate listings include properties with amenities such as canal frontage, lake views and 'room for up to three boats?. Within Macomb County are over 100 marinas. 31 miles of Lake St Clair shores lie within the county. Although rarely mentioned as one of the Great Lakes, Lake St Clair covers an area of approximately 430 square miles, is connected by the St Clair River to Lake Huron, and by the Detroit River to Lake Erie.
Good schools, shopping, dining and close commutes to major cities added to outdoor activities makes Chesterfield Michigan real estate popular. But, recently, lenders have made it more difficult to buy property here or anywhere. Less than perfect credit ratings are holding many people back, even those who have an acceptable down payment.
The solution for buyers who want to achieve home ownership but poor credit is to buy on a rent to own basis, also known as a 'lease option agreement?. This agreement puts you, the buyer into a nice home, the kind of home you might find on the Chesterfield MI real estate listings or elsewhere. Of course, there are a few qualifications that you must meet, but past credit issues should not be a problem.
You will need reliable employment and a few thousand for the lease option consideration. You will need to be able to make the monthly payments. And, maybe most important, you will need to work to improve your credit so that when the option expires, you will be able to qualify for a traditional loan.
If you are a seller and you need to move your Chesterfield Michigan real estate quickly, the solution is the same: sell your home on a rent to own basis. This will open up the sale of your home to a much more significant portion of the home buying market -- people with income, but bruised credit.
You may be wondering where you would go about finding Chesterfield MI real estate that you can buy on a rent to own basis. Well, there are many ways. You can talk to Real estate agents and ask them if they have any listings for people who have specifically stated they will entertain seller financing.
You could also call FSBO's (For Sale by Owners) and ask if they would like to sell their home on a rent to own basis.
Or, perhaps the most effective way is to get in touch with real estate investors who rehab homes. Rehabbers who own the homes themselves and are investors tend to be flexible on the sale terms and it's not uncommon for them to let you buy a home on a rent to own basis, with no bank financing needed upfront.
