Rent with an option to own at Evanston's Grand Bend

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

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

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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