Rent to own Homes in Downtown Royal Oak, Royal Oak, MI

If you have been looking to move into the Downtown Royal Oak neighborhood in Royal Oak, but found the current housing market to be too restrictive, then a rent-to-own home is perfect for you! Currently, mortgage rates are the highest they've been in decades. Combine that with a general lack of affordable houses to begin with and it's not long before a new path to homeownership needs to be an option. For you, that could be a rent-to-own home in Downtown Royal Oak. With a rent-to-own home you can live in the home during a predetermined lease period with rent payments being applied toward the eventual purchase of the home, if you decide it is the right home for you. This gives you time to learn the ins and outs of the home, as well as decide if Downtown Royal Oak is the right neighborhood for you.