| Currently the median price for a home in the Sterling | | | | average income for women is quite a bit higher than in |
| Heights MI real estate listings is $187,000. Right now the | | | | many other cities. In 2000, the median income for a |
| prices for homes in the Sterling Heights Michigan real | | | | family was over $70,000, which is much higher than |
| estate classifieds range from $54,500 for a 2 | | | | most Michigan cities. The city was given an A+ and a |
| bedroom condo to $499,900 for a brick colonial on a | | | | high ranking among the most "Family Friendly" |
| premium wooded lot with creek access. | | | | suburban cities by DC's Population Connection, a |
| If you are interested in buying Sterling Heights MI real | | | | nonprofit organization. |
| estate, but have past credit issues or little established | | | | Shopping, dining and other retail businesses complete |
| credit, you may think you can't own a home because | | | | the Sterling Heights Michigan real estate picture. |
| a lender won't give you a mortgage loan. | | | | Lakeside Mall, with over 180 stores is one of the |
| However, you would be mistaken because home | | | | largest malls in the Metro Detroit area. In all, over 3500 |
| ownership can still be attained with a little knowledge. | | | | businesses are located within the city limits. |
| If you already own Sterling Heights Michigan real | | | | Buying & Selling |
| estate, but need to sell your home quickly, because of | | | | With everything that the Sterling Heights MI real estate |
| a job transfer, to avoid foreclosure or for other | | | | market has to offer, you might think that selling would |
| reasons, you also have options you may not be | | | | be easy. But, currently there are nearly 400 properties |
| aware of. | | | | classified as foreclosures in the MLS listings for the |
| Here we have accumulated some information about | | | | Sterling Heights Michigan real estate market. The MLS |
| Sterling Heights MI real estate and describe strategies | | | | listings are a nationwide database of available |
| that troubled sellers or hopeful buyers may want to | | | | properties. |
| consider. | | | | Foreclosures are properties that have reverted to the |
| Facts & Figures | | | | lender for non-payment. In many cases real estate |
| Located in Macomb County, figures collected during | | | | companies buy these properties at auction and then |
| the 2000 census showed it to be the fourth largest | | | | try to sell them. City and county governments may |
| city in Michigan in terms of population which was | | | | also take possession of properties for non-payment of |
| 124,471, at that time. The city covers an area of 36.7 | | | | taxes. Until recently, this was a problem in other |
| square miles, just north of Warren and less than 40 | | | | Michigan cities, because after the property reverted to |
| minutes northeast of downtown Detroit. | | | | the city, they were unable to "do" anything with them. |
| The city was incorporated in 1968. Prior to that time it | | | | If you want to won Sterling Heights real estate but |
| had been known as Sterling Township, the word | | | | have bruised credit and can't get a bank loan then |
| "Heights" was added to avoid being confused with a | | | | your main option is to find a seller willing to work on |
| small village in Arenac County named Sterling. In 2006, | | | | terms. What kind of terms? Well the best are what is |
| Money magazine listed it as one of the best small | | | | called a lease option (also known as a "rent-to-own") |
| cities to live in. | | | | or to buy on land contract. |
| Currently there are over 600 homes in the Sterling | | | | A rent to own is an effective option because as long |
| Heights MI real estate listings, so if you would like to live | | | | as you have a job and are bringing in consistent |
| in one of the best small cities in the country, you should | | | | income and stay within your financial bounds, there are |
| have no problem finding something that appeals to you. | | | | sellers who will work on these terms and let you |
| If you need more reasons to look for a home in the | | | | purchase their home. This will give you time to repair |
| Sterling Heights Michigan real estate market, read on. | | | | your credit so that you can get a bank loan while you |
| Safety & Economy | | | | are living in the home and then cash the seller out of |
| Among cities with populations greater than 100,000, | | | | the home and buy it. |
| Sterling Heights is the 16th safest city in the nation and | | | | In short, the rent to own purchase allows you to buy a |
| the safest in Michigan, according to Morgan Quitno | | | | home with no bank qualifying/financing or loan upfront. |
| Press. The safety of the city is due to a well staffed | | | | If you already own Sterling Heights MI real estate, but |
| hard working police department and an active | | | | need to sell your home quickly, the way to sell your |
| community watch network. | | | | home is to offer seller financing -- which is what you |
| American City Business Journals lists it as one of the | | | | are doing when you sell on a rent to own basis or land |
| least economically stressed cities in the United States. | | | | contract. You are in effect opening up your home to a |
| According to the Journal, only one large city in Michigan | | | | much larger segment of the home buying market by |
| and six others in the country are "less stressed". | | | | offering seller financing because there are many |
| Economic diversity and major industrial firms, such as | | | | people who want to buy a home, can afford it, but |
| Daimler Chrysler, Visteon and General Dynamics lend | | | | can't get a bank mortgage loan upfront because of |
| to the economic well being of the city and attract | | | | credit score. |
| buyers to the Sterling Heights MI real estate market. | | | | Of course, there is more you should understand |
| Sterling Heights has been ranked by Ladies Home | | | | whether you want to sell or buy on terms, and that's |
| Journal as the second best Michigan city and the 16th | | | | where we come in: to educate sellers and buyers. |
| best city in the country for working women. The | | | | |