Second chance apartments for sale

Second chance apartments for sale in the US

Understanding the Concept of Second Chance Apartments

Not everyone is familiar with the concept of second chance apartments. These types of apartments are offered to people who have experienced some financial setback that would prevent them from renting units elsewhere. Sometimes known as high risk apartments, these types of living arrangements can serve as a stepping stone toward repairing a damaged credit rating.

Second chance apartments may be right for people who have been through some sort of financial hardship and ended up facing eviction or defaulting on debts due to financial reversals. For example, a tenant who lost his or her job and could no longer afford an apartment may end up being evicted. At the same time, credit card and other debts were left unpaid, resulting in defaults. While the individual has since found another job and is making headway in repaying those old debts, the damage to the credit rating has already been done.

Some landlords will look closely at the circumstances surrounding those unfortunate events and be willing to take a chance on the applicant. In order to offset some of the risk involved, the landlord may require a higher deposit, and maybe even at least one month of rent held in reserve.

In return, the tenant has the chance to live in a comfortable apartment, and will also build good credit with the landlord by making the rent payments on time every month. The landlord in turn submits positive comments to the major credit reporting agencies, effectively aiding the tenant in rebuilding his or her credit over time. When all goes well, that tenant will be in much better financial condition in two or three years, and be in a position to ask for more favorable rental terms and conditions.
$420,521.79
Average price for sale in United States
$1,504.21
Average price per sq.feet for sale in United States
Cities with second chance apartments for sale
      second chance apartments for sale ads
      2 Bedroom, New York Ny 10038
       9
      2 Bedroom, New York Ny 10038
      $899,000
      New York, New York - For Sale - Apartment - 2 bedrooms - 1 bathroom
      Living room. With approximately 1,100 sq. Ft this apartment has two well-proportioned...
      2 Bedroom, Brooklyn Ny 11201
       8
      2 Bedroom, Brooklyn Ny 11201
      $890,000
      Brooklyn, New York - For Sale - Apartment - 2 bedrooms - 1 bathroom
      Lid: 42431091 back on the market. Fully gut renovated 10 years ago from floor to ceiling right down to the bare studs in this bright 2 bedroom and 1 bath home....
      1 Bedroom, Brooklyn Ny 11201
       17
      1 Bedroom, Brooklyn Ny 11201
      $675,000
      Brooklyn, New York - For Sale - Apartment - 1 bedroom - 1 bathroom
      Lid: 42431092 one bedroom, one full bathroom, 740 sf cooperative apartment on high floor with expansive view at university towers located in downtown brooklyn.With...
      1 Bedroom, Brooklyn Ny 11221
       11
      1 Bedroom, Brooklyn Ny 11221
      $399,000
      Brooklyn, New York - For Sale - Apartment - 1 bedroom - 1 bathroom
      Lid: 42431099 wonderful 1 bedroom apartment in bushwick. This great bushwick... To see this excellent bushwick apartment before your competitors do!...
      1 Bedroom, New York Ny 10038
       12
      1 Bedroom, New York Ny 10038
      $889,000
      New York, New York - For Sale - Apartment - 1 bedroom - 1 bathroom
      Lid: 41581740 enjoy amazing open city and river views from your private terrace! Perched on a high floor, this large corner 1-bedroom features an expansive...
      1 Bedroom, New York Ny 10014
       14
      1 Bedroom, New York Ny 10014
      $999,000
      New York, New York - For Sale - Apartment - 1 bedroom - 1 bathroom
      Lid: 42431111 the perfect west village apartment! This is your rare chance... The building is majority owner occupied).Apartment #20 boasts an in-unit washer/dryer...
      Apartment New York Ny
       9
      Apartment New York Ny
      $648,000
      New York, New York - For Sale - Apartment - 1 bathroom
      Lid: us_42431281 this home is located in new york ny 10011. It has 0 bedroom, 1 bathroom. This 0 bedroom apartment in new york ny is for sale at 648000...
      2 Bedroom Apartment New York Ny
       11
      2 Bedroom Apartment New York Ny
      $1,250,000
      New York, New York - For Sale - Apartment - 2 bedrooms - 1 bathroom
      Lid: us_42431313 this home is located in new york ny 10016. It has 2 bedrooms, 1 bathroom. This 2 bedroom apartment in new york ny is for sale at 1250000...
      2 Bedroom Apartment Point Pleasant Nj
       19
      2 Bedroom Apartment Point Pleasant Nj
      $225,000
      Point Pleasant Beach, New Jersey - For Sale - Apartment - 2 bedrooms - 1 bathroom
      Lid: us_42421952 this home is located in point pleasant nj 08742. It has 2 bedrooms, 1 bathroom. This 2 bedroom apartment in point pleasant nj is for sale at 225000...
      2 Bedroom Apartment Brooklyn Ny
       18
      2 Bedroom Apartment Brooklyn Ny
      $715,000$729,000
      Brooklyn, New York - For Sale - Apartment - 2 bedrooms - 2 bathrooms
      Lid: us_41623542 this home is located in brooklyn ny 11218. It has 2 bedrooms, 2 bathrooms. This 2 bedroom apartment in brooklyn ny is for sale at 715000...