Rent to Own Homes in Balch Springs

Balch Springs was named after John M. Balch, an area settler in the 1870’s. The property that John M. Balch claimed boasted several springs. Neighboring settlers dubbed the springs on Mr. Balch’s land Balch Springs.” The name held strong long after Mr. Balch left the area. Balch Springs is an independent community
providing public safety services to residents. The Balch Springs Fire Department has one fire station within the city to provide fire protection and education services to the community. The city also has its own police department to manage law enforcement services. The Dallas Independent School District
serving approximately half of children living in Balch Springs

Buying vs. Rent to Own Homes

To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.

All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.

During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.

Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.

Rent to Own Realtors

You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.

That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.

While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.

About Our Listings

When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.

While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.

When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.