Rent to Own Homes in Ankeny
You'll find the city of Ankeny in central Iowa, approximately 12 miles north of Des Moines. This fast-growing suburban community extends for more than 30 square miles north of Interstate 80, and Interstate 35 runs through the eastern end of the city. This location gives residents easy access to Des Moines for employment and entertainment opportunities, and they're a short drive from Saylorville Lake, Adventureland Park and the Tournament Club of Iowa.The below results are primarily rent to own homes in :
You'll find the city of Ankeny in central Iowa, approximately 12 miles north of Des Moines. This fast-growing suburban community extends for more than 30 square miles north of Interstate 80, and Interstate 35 runs through the eastern end of the city. This location gives residents easy access to Des Moines for employment and entertainment opportunities, and they're a short drive from Saylorville Lake, Adventureland Park and the Tournament Club of Iowa.The below results are primarily rent to own homes in :
John and Sarah Ankeny were the first settlers to make their home in this region of Iowa. They moved into the area in 1875, and the city of Ankeny was incorporated in 1903. There were fewer than 1,000 people living within city limits in 1940, but the population grew to more than 27,000 by 2000. In 2010, there were more than 45,000 residents, and more than 58,000 people were calling the city home in 2016. This pattern of rapid growth is expected to continue for many years to come. Some of the biggest attractions within Ankeny city limits include the Otter Creek Golf Course, Briarwood Golf Club and Park, Prairie Ridge Sports Complex, Georgetown Park, Promenade Park and Ankeny Regional Airport. The city is home to the Des Moines Area Community College, Upper Iowa University and a theological seminary called Faith Baptist Bible College.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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