When you compare the number of properties for sale to the number of recently sold properties, the Redford MI real estate market looks slow.

Located in Wayne County, near Detroit and the home of the ?Big Three?, the economic problems afflicting the state have negatively affected Redford Michigan real estate prices.

Frustrated sellers need options. Especially if the absolutely need to sell and their house has been languishing on the market for months.

On the other hand, if you want to buy a home in redford MI and have had past credit issues, you might think that owning your own home is just a dream, but if you are motivated, currently employed, have a small down payment and can afford to pay rent, then you can own a home in Redford, or anywhere.

The key is to working with experienced real estate investors in Michigan like us who have unique programs that can get you into a home you like, in the price range you want, for a monthly payment you can afford, without any bank qualifying, and help you improve your credit as well!

A bit of Redford MI Real Estate History

Redford is located in Wayne County and Detroit is the county seat and the largest city, both in the county and the state. Redford Township is a suburb of Detroit.

So named because French fur trappers forded or crossed the Rouge (red) River here, Redford is currently home to approximately 51,000 people. The median income for a family at the last census was around $56,000, and is unlikely to have increased since. The unemployment rate is currently one of the highest in the state.

For many years, the economic survival of the residents of Redford Township and the rest of Wayne County was either directly or indirectly linked to the automobile industry. As automobile sales and profits fluctuated so did Redford MI Real Estate values.

The ups and downs of the auto industry have affected the credit ratings of many good people throughout Michigan. Unfortunately, credit card companies do not care about individuals or their problems; they report your late payments just the same.

Redford MI real estate: The median price for a home is $129,900 and these are single family homes, not condos or townhouses. The Redford Michigan real estate classifieds are full of them. If you are trying to sell a home in Redford, you should know that a large number of potential buyers are often overlooked, particularly in this area.

The economic situation in Redford is slowly improving. In June 2006, the Wayne County Land Bank was formed to redevelop properties that had reverted to the county for unpaid property taxes. Eventually, this will help to improve the value of Redford MI real estate. Development will also create more construction jobs. The unemployment rate will eventually drop, but, without help, many people will be suffering from the effects for years to come.

Buying Or Selling A Home In Redford

As Michigan real estate investors, we know that one of the best options for property owners and buyers alike today is a lease option agreement. A lease option is also known as a rent to own.

We have unique systems that put sellers and buyers together and perform the transaction. So if you need to sell your home or you need to buy one but have brusied credit and are ineligible for traditional financing, we can help.

If you have bruised credit, you should know that it is possible to repair your credit score, in less time than you think. We have access to effective credit repair systems and can help you.

If you have a small down payment and can afford to pay rent, you can own a home in Redford.

Using a lease option agreement, which is a simple contract between the buyer and the seller, with terms satisfactory to both, a portion of your monthly rent will go towards the eventual purchase of your home.

In other words, your money will start working for you to build your future, rather than just pay the landlord....and we will put the whole transaction together, using our mortgage brokers, our attorneys, etc. You will barely have to lift a finger, regardless if you are a seller or a buyer. We will do the work.

Sell your Redford MI real estate today or buy your next home with the help of experienced investors.

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