Rent-to-own real estate purchases can be appealing, but there’s also the potential for some real dangers to buyers in these agreements. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that for some people, rent-to-own is a fantastic opportunity to invest in a future home purchase, but for others, that same decision could be financially damaging. That’s why it’s important to weigh all the pros and cons before committing to a rent-to-own home. A rent-to-own deal, also known as a lease option agreement, allows buyers the opportunity to purchase a home after a specified amount of time while in the meantime living at the property as a tenant. A lease purchase agreement requires that the renter buys the home when the lease is up, although it comes with a lot more catches than a lease option agreement so buyers should approach lease purchase agreements with caution. Check out below to see what sold in Hills of Crestwood in January 2020:
47288 Red Oak Drive, Northville: 4 bedrooms, 4.1 bathrooms, 3,379 sq. feet, 2.5 car garage, Sold Price: $490,000
Hills of Crestwood Home Sold
January 2020
For more information on Hills of Crestwood, or similar Northville or Novi neighborhoods such as Kirkway Estates, Wintergreen Park and Bella Terra, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.