The median price of real estate in Saugatuck, MI is around $250,000. The state’s economic woes have generally not affected real estate values ​​in Saugatuck Michigan. If you have bad credit, but are looking to purchase property in Saugatuck, experienced real estate investors like us can help. Likewise, if you’re having trouble selling your property in Saugatuck, you may not have considered all of your options.

But first, a little about Saugatuck itself…

The driving force behind the Saugatuck MI real estate market is tourism. Situated in the area where the Kalamazoo River empties into Lake Michigan and with many other lakes in close proximity, the population triples in size during the summer months. Many properties are advertised as “summer retreats.” You’ll find Deep Harbor Marina boat slips for sale, as well as undeveloped lots waiting for you to build your own haven.

The history of real estate in Saugatuck Michigan began with lumber and shipping. From Lake Michigan, a ship can travel through the Strait of Mackinac to Lake Huron and beyond. Saugatuck was an art colony in the late 1800s, a destination for gangs and gangsters for much of the 20th century, and today is a haven for weary city dwellers from Grand Rapids, Chicago, and Detroit.

Saugatuck, MI real estate listings include condominiums that can be “rented” to tourists for $250 a night. If you have credit problems, you’re probably not interested in this type of investment right now, but you can probably find a property to start with, if not in Saugatuck, then maybe somewhere nearby.

Many people have suffered financial setbacks as a result of changes in employment opportunities in Michigan. Automobile manufacturing was the main source of employment in the state for many years. Some people were laid off, others were laid off outright, and many lost their retirement pensions as a result of the acquisitions. These and many other factors could have affected your credit score. The old saying is true; Sometimes bad things happen to good people.

Traditional lenders first look at a person’s credit score. Some lenders will write a mortgage for a person with unverifiable income, if their credit score is high enough. You may know that you can afford the monthly payments. He is probably paying rent equivalent to most people’s house payments. He may have even saved up for a down payment, only to be denied financing because of his credit score.

If this is you, then you should know that a lease option plan (also known as rent-to-own) may work for you. It is a simple agreement drawn up between a buyer and a seller, similar to a regular lease, but there is one big difference. A portion of your monthly rent will go directly to the eventual purchase of a home. If you have credit problems, this is probably the fastest way to become a homeowner.

If you’re having trouble selling real estate in Saugatuck, Michigan, the financial problems faced by citizens of most of the state are likely to blame. Those who are no longer sure of their job security cannot consider buying a summer home right now. And, when you’ve lost all or most of your pension, you’re not looking for a place to retire. Some of the properties on the Saugatuck MI real estate listings have already entered foreclosure. The market is likely to improve over time, but if you can’t afford to wait, we may be able to help.

Our goal as investors is to help people with bad credit buy rent-to-own homes with our unique and effective programs and to help homeowners who need to sell fast with our lease option plan. The Saugatuck Michigan real estate market is just one place the program can work.