A rent-to-own home, when structured properly, can bring a lot of benefits to both buyer and seller. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know it’s not always easy to uncover these opportunities by simply browsing real estate listings or driving through your dream neighborhood. You’ll want to find an agent who has experience conducting rent-to-own transactions because there can be a lot of unfamiliar terms and conditions with these agreements. Although a seller probably isn’t out to take advantage of you, neither are they working in your best interest, so a buyer’s agent is extra armor against a bad deal. Not only can an agent offer their insight and years of experience, but they can help you find just the right opportunity, whether that’s through specific MLS searches, their extensive real estate network, or their knowledge of the latest trends in your market or geographic area. Check out below to see what sold in Brooklane Ridge in February 2021:
17018 Brooklane Blvd., Northville: 4 bedrooms, 2.1 bathrooms, 3,209 sq. feet, 3 car garage, Sold Price: $580,000
Brooklane Ridge Home Sold
February 2021
Rent-to-owns can be helpful to those who do not currently have the money for a down-payment which will allow them time to save. But it’s also important to remember that if you are not able to purchase at the end of the contract, you may lose any money that went toward rent premiums. For more information on Brooklane Ridge or similar Northville or Novi neighborhoods such as Timber Ridge, Willowbrook Farms and Chase Farms, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.