Evanston’s Grand Bend offers rent to own program

Bluewater Assets Group slashed prices and arranged new financing options for buyers after purchasing the remaining 39 unsold units at Grand Bend at Green Bay in Evanston.

Large one-bedrooms are now priced from the $170s and two-bedrooms from the $250s. The price reductions resulted in 14 sales. Grand Bend is also offering a contract for deed program, more commonly referred to as a “rent to own” program, while continuing to offer units for sale.

The contract for deed program addresses the buyer who needs time to accumulate a down payment and line up financing. Under the program, buyers have the option to purchase at the market price at the end of their lease term, with 25% of their rent being credited to the purchase price or down payment.

Bluewater managing partner Robert Matthews outlines the program in this sponsored video.

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