Rent to Own Homes in Traverse City
Sitting snugly at the south end of Grand Traverse Bay, Traverse City is the largest city in the 21-county Northern Michigan... Read More
Sitting snugly at the south end of Grand Traverse Bay, Traverse City is the largest city in the 21-county Northern Michigan region. The 2010 U.S. Census listed the population as 14,674, although over 140,000 people live in the Traverse City micropolitan area. It’s about 250 miles from Detroit and about 300 to Chicago, and Sault Ste. Marie in Ontario, Canada can be reached in about three hours.The below results are primarily rent to own homes in :
Sitting snugly at the south end of Grand Traverse Bay, Traverse City is the largest city in the 21-county Northern Michigan... Read More
Sitting snugly at the south end of Grand Traverse Bay, Traverse City is the largest city in the 21-county Northern Michigan region. The 2010 U.S. Census listed the population as 14,674, although over 140,000 people live in the Traverse City micropolitan area. It’s about 250 miles from Detroit and about 300 to Chicago, and Sault Ste. Marie in Ontario, Canada can be reached in about three hours.The below results are primarily rent to own homes in :
Traverse City is an outdoor-lover’s paradise, as it has freshwater beaches, vineyards, skiing, and numerous forests. It was rated the number two small-town travel destination in the United States by TripAdvisor in 2009, and U.S. News grouped it among the ten best places to retire in the country in 2012. Additionally, Livability.com rated Traverse City among the best 100 small towns in America in 2015.
Warm summers and cold winters mean that Traverse City experiences four full seasons each year. The average high in July is 80 degrees; in January it is 28. It’s an ideal place for those who enjoy a variety of outdoor activities.
Buying a Home in Traverse City
The median home price in Traverse City is about $190,000, but luxury homes and property near the bay can be quite a bit more. The median age is 40, 43 percent of the population is married, and about 62 percent are homeowners.
The crime rate is quite low; while the national average for violent crime is rated as 41.4 (out of 100), in Traverse City it’s an impressively low 21.
The Traverse City Area Public Schools is the district that serves the area. It is comprised of 13 elementary schools, two middle schools, three high schools, one Montessori school, and one international school. There are other religious and private schools as well. According to GreatSchools, the schools rate anywhere from 3 to 9 (out of 10), so families with school-aged children should investigate the schools when neighborhood shopping.
Popular Neighborhoods in Traverse City
The East Shore area is primarily made up of medium- to small-sized single-family homes and townhomes. The median home price is about $220,000. It’s a quiet, safe neighborhood, and rated among the top six percent of all neighborhoods in Michigan for retirees.
If you want to be where the action is, then the city center is for you. Front Street is full of shops and restaurants and is right on the waterfront. Residential real estate is mainly small- to medium-sized homes and apartments, with the median home price at $161,000.
Buying vs. Rent to Own Homes
Traverse City may already sound like an attractive place to live. But financing a home can be a complicated process. If you’re not quite ready for that step, consider rent-to-own opportunities, where a portion of each month’s rent goes toward a down payment to eventually buy the house. It’s doesn’t require a large outlay of cash, and renters can look forward to becoming proud homeowners.
Summary
A beautiful lakeshore, natural surroundings with lots of options for outdoor activities, good schools, family-friendly neighborhoods, and low crime all contribute to making Traverse City a good place to settle and put down roots. From Cherry Capital Airport you can be in Chicago in less than an hour. Occasional direct flights are also available to Denver and New York City. It’s a small town with a big-city feel.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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