Rent to Own Homes in Baldwinsville
Baldwinsville is a growing village in central New York State that spreads around State Route 31 and the Seneca River. This area is just south of the Three Rivers Wildlife Management Area and west of the Timber Banks Country Club. The Ironwood Golf Course, Foxfire North Golf and Tennis, Seneca Golf Course and Van Buren Central Park are all just south of the village. State Route 690 runs along the western edge of the village, and Lysander Town Park sits at the village’s northernmost tip.The below results are primarily rent to own homes in :
Baldwinsville is a growing village in central New York State that spreads around State Route 31 and the Seneca River. This area is just south of the Three Rivers Wildlife Management Area and west of the Timber Banks Country Club. The Ironwood Golf Course, Foxfire North Golf and Tennis, Seneca Golf Course and Van Buren Central Park are all just south of the village. State Route 690 runs along the western edge of the village, and Lysander Town Park sits at the village’s northernmost tip.The below results are primarily rent to own homes in :
In the 1800s, Dr. Jonas Baldwin constructed a canal and dam on the Seneca River at the site that is now known as the Village of Baldwinsville. The village was incorporated in 1848 and now covers approximately 3 square miles located north of Interstates 90 and 690. The village now holds multiple community events throughout the year, including Oktoberfest and Seneca River Days. Some of the biggest attractions within Baldwinsville include the Baldwinsville Bed and Breakfast, Veterans Memorial, Mercer Park, Community Park, Shaksboro School House Museum and McHarrie Park. There are several registered national historic places in the village, including Baldwinsville Village Hall. Residents are served by a public school system with one high school, one middle school, one junior high and at least five elementary schools.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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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