Rent to Own Homes in Akron
Beyond the classroom, there are many reasons to consider buying a home in Akron. The city offers a rich cultural experience with venues like the Akron Art Museum and the Akron Civic Theatre. It’s also home to a portion of the Cuyahoga Valley National Park, including the Cuyahoga Valley Scenic Railroad. The railroad provides tours of the park which include spectacular views of the area’s natural wildlife. Akron residents also use the park as a place for exercise and relaxation.
The Ohio and Erie Canals also pass through Akron, offering residents access to the water. Canoe tours and other events are held throughout the year for residents as well as visitors. Other attractions for residents include the Akron Zoo and the Stan Hywet Hall and Gardens.
Buying a Home in Akron?
The City of Akron purchases, remodels and resells foreclosure homes through the Neighborhood Stabilization Program. This keeps neighborhoods clear of foreclosure homes that can become unsightly and lower property values in many large cities. The program also offers financial assistance to help low-income home buyers qualify for the purchase of the city's foreclosure homes. Qualified buyers receive at least $1,000 to use toward their down payment, and the loan is forgivable in 10 years. You can determine your eligibility by contacting the city or looking at their website.
Popular Neighborhoods in Akron?
Highland Square is one of the most popular Akron neighborhoods for professionals and singles as well as some families. Downtown restaurants, museums and entertainment venues are approximately five minutes away, and the canals are nearby for outdoor recreation. The neighborhood also features a movie theater and some retail stores down the street from most homes. You’ll find many Craftsmen homes in this area, but there are some condos for sale as well.
If you’re interested in a family-friendly area with a wider selection of single-family homes, Ellet is a good neighborhood to consider. It’s one of the safest areas of the city, and many first-time home buyers find the prices just as welcoming as the neighbors. The schools in this area are also rated higher than those serving communities closer to downtown Akron.
Buying vs. Rent to Own Homes?
You want to buy a home now, but you don’t have much of a down payment saved. Perhaps there are some issues with your credit that you need to clear up in order to secure a low interest rate on your mortgage loan. These situations happen to a lot of people, especially first-time home buyers. You could put off your dream of home ownership until you’re financially ready to take on the lending process, or you could look at rent-to-own homes. These homes offer a special agreement that allows you to move in right away with the intention of taking out a loan and purchasing the property in the future. You start out as a renter, but the promise of home ownership is in your future.
Cost of Living in Akron?
The cost of goods and services in Akron is slightly less than the national average, and you can expect to find reasonable prices on most grocery items as well. What makes this city so attractive is the cost of housing and utilities. Housing expenses are approximately 40 percent lower than the national average, and some sources place those expenses closer to 60 percent lower than the national average. Since utility prices are also lower than the national average, this is one big city where you can live comfortably on a tight budget.
Akron is one of the most affordable cities in the United States, and it has many natural features that attract families as well as singles. It’s located near the Ohio and Erie Canals as well as the Cuyahoga Valley National Park and Scenic Railway. These landscape features give all residents the chance to live a healthy lifestyle while providing affordable entertainment options. With Kent State University located nearby and the University of Akron’s law school located within city limits, this is also a town focused on education.
Summary
Akron is one of the most affordable cities in the United States, and it has many natural features that attract families as well as singles. It’s located near the Ohio and Erie Canals as well as the Cuyahoga Valley National Park and Scenic Railway. These landscape features give all residents the chance to live a healthy lifestyle while providing affordable entertainment options. With Kent State University located nearby and the University of Akron’s law school located within city limits, this is also a town focused on education.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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