Rent to Own Homes in Grand Blanc
The area was first settled by Chippewa Indians, but even before 1800 French traders arrived and gave the town of Grand Blanc its name, which means “Great White.” By 1823, pioneers were setting up trading posts and farms. At that time, the land sold for $1.25 an acre. The railroad arrived in 1862; even so, the population didn’t exceed 1,000 until 1940, although it had incorporated as a city ten years earlier. The oldest building in Grand Blanc is the Stagecoach Stop on Saginaw Street, which dates to 1840.The below results are primarily rent to own homes in Genesee County, MI:
The area was first settled by Chippewa Indians, but even before 1800 French traders arrived and gave the town of Grand Blanc its name, which means “Great White.” By 1823, pioneers were setting up trading posts and farms. At that time, the land sold for $1.25 an acre. The railroad arrived in 1862; even so, the population didn’t exceed 1,000 until 1940, although it had incorporated as a city ten years earlier. The oldest building in Grand Blanc is the Stagecoach Stop on Saginaw Street, which dates to 1840.The below results are primarily rent to own homes in Genesee County, MI:
Grand Blanc has a temperate climate, with cold winters and warm summers. The average high temperature is 29 in January and 82 in July. The area experiences all four seasons in their full measure, so it’s a good place for people who enjoy outdoor activities in all seasons.
Buying a Home in Grand Blanc
Recent home listings in Grand Blanc range from $19,900 to $775,000; the median home price is a modest $143,500, which is 22 percent below the national average. Overall, the cost of living in this small Michigan city is about eight percent below the national average. The average age of its residents is about 41, and approximately 49 percent of the population is married.
Grand Blanc Community Schools serves the area. Many of the schools are rated quite highly by GreatSchools, but a few are rated lower. So families with school-aged children should consider this when shopping for a neighborhood.
Popular Neighborhoods in Grand Blanc
The city occupies an area of 3.63 square miles, and eight constituent neighborhoods make up Grand Blanc. The Thornridge Dr./Greenmeadow Dr. area is comprised of small- to medium-sized apartments and single-family homes. Residents are a mixture of owners and renters. The area is established but not old, with many of the residences built since 1970. The median home price is about $238,000. It’s considered one of the better neighborhoods for retires in Michigan.
Just to the east is the Holly Rd/E Cook Rd. neighborhood. The residential real estate is small- to medium-sized single-family homes and apartment complexes. Many of the residences were built after 2000. It’s a good area for managers, executives, and retirees. The median home price is about $245,000.
Buying vs. Rent to Own Homes
You may already be thinking about a move to Grand Blanc because of its small-town atmosphere and diverse seasons. But buying a home can be out of reach for some. If you’re not sure you can take that step, consider a rent-to-own arrangement. A part of each month’s rent is put toward a down payment to eventually buy the house. It’s easier and doesn’t require a large outlay of cash, and renters can look forward to becoming homeowners – without ever having to move!
Summary
Grand Blanc offers four full seasons, good schools, and family-friendly neighborhoods. Job growth is positive and is expected to be 39 percent over the next ten years. It’s proximity to large metropolitan areas and multiple lakes means that both the amenities of the city and great outdoor activities are never too far away.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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