Macomb County Homes and Condos for Rent
View Homes and Condos for Rent and Rent with Option
Are you looking to rent a house or condo in Macomb County?
This page is filled with several homes and condos for rent or lease
through out Macomb County. You'll find one year leases along with
special terms such as rent to own, lease with option or rent with
option to buy.
Need more information about Macomb County and it's community? Make sure you check out our About Page and view tons of Community Links for great information.
So wondering how Rent with Option works? Find out more here!
Search our Featured Areas for Rentals / Lease Option
View All Macomb County Rental Propertie
Please note: Occasionally a home for sale will show up in the rental data.
200 Search Results Found. Showing Results 1 - 25.
MLS# 30761747
MLS# 30748276
MLS# 30761604
MLS# 30761607
MLS# 30761623
MLS# 30761656
MLS# 30762759
MLS# 30764075
MLS# 30705627
MLS# 30755033
MLS# 30762393
MLS# 30764081
MLS# 30751034
MLS# 30765046
MLS# 30766291
MLS# 30730328
MLS# 30754221
MLS# 30760089
MLS# 30765752
MLS# 30751531
MLS# 30753759
MLS# 30763845
MLS# 30764947
MLS# 30766304
MLS# 30702525
All listings provided courtesy of MiRealSource © Copyright 2010. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
IDX Last Updated: 2010-03-11 10:58:24
Rent with Option
Rent options vary depending on the seller/landlord. But you must first have a landlord that wants to rent and also wants to sell. Typically the renter is one who would like to buy, but has some credit or employment issues, that prevent them from buying right now.
Once you have a tenant and landlord in agreement we can simply draft a purchase agreement that specifically outlines - the sales price of the home, the amount of the "option fee", usually 1% - 5% of the sales price, the term of the lease option, usually under 2 years and the amount of "rent credit", this depends on what fair market rent is in the area.
Now a few things you should find out. What is the home really worth today and is the market going up or down. What will "your" house payment be when you actually buy and will you qualify for that amount. Also how much over fair market rent will the landlord charge and where that money will be held. A few other items should be addressed - who will do repairs and can you make "major" improvements.
Keep in mind if you can not get approved for a mortgage at the end of the option agreement or you decide not to buy the home - you may lose the Option Fee and the extra rent.
Today, many sellers who can not sell their homes are offering rent with option. However, you need to make sure the seller is current on their mortgage payments, that they are not in foreclosure and that they can financially handle the mortgage if the rent is less than their payment.
If you have more questions about rent with option feel free to contact us. Please use the back button if you were directed here from another page.
Ever thought about buying a home instead of renting? View the side panel for all kinds of information about buying a home or start searching now. |
Need More Assistance?
Simply fill in the form below and tell us what you are looking for in a rental. Along, with some information about yourself. View a copy of the rental application.
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