A rent-to-own real estate purchase means that you can live in the house as a renter with the intent to close on the home at a date in the future. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know it’s important to realize that there are two different types of rent-to-own contracts; lease option (this contract gives the tenant the exclusive opportunity to buy the property at the end of the contract term) and lease purchase (this contract requires the buyer to purchase the property at the end of the contract term). Check out below to see what’s currently listed for sale in Bellagio in June 2020:
47765 Bellagio Drive, Novi: 5 bedrooms, 6.3 bathrooms, 6,442 sq. feet, 4 car garage, Listed Price: $2,750,000
Bellagio Home Listed For Sale
June 2020
Lease options typically require less of a financial commitment upfront (you are paying for a first right of refusal in a lease option agreement). Lease purchases, on the other hand, could be viewed like a traditional real estate purchase with a delayed closing date. For more information on Bellagio, or similar Northville or Novi neighborhoods such as Turnberry Estates, Fox Hollow and Stonewater, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.