Rent to Own Homes in Baltimore
The below results are primarily rent to own homes in Baltimore City County, MD:
Baltimore , MD 21231
3 Bedrooms, 2.5 Baths
Baltimore , MD 21216
3 Bedrooms, 2 Baths
Baltimore , MD 21201
4 Bedrooms, 3 Baths
Baltimore , MD 21224
2 Bedrooms, 2 Baths
Baltimore , MD 21229
2 Bedrooms, 1 Baths
Baltimore , MD 21239
Baltimore , MD 21213
Baltimore , MD 21229
Baltimore , MD 21216
Baltimore , MD 21230
Baltimore , MD 21225
If a table piled high with blue crab and ice cold beer gets you excited, you’ll fit right in with Baltimore residents. The city is known for an abundance of microbreweries producing craft beer, and you can’t escape steamed blue crab on restaurant menus. If you venture out after dark, you’ll hear jazz music weeping from bars and night clubs. If you prefer the light of day, events like Artscape will keep you active. This one event attracts well over 100,000 people every year.
For outdoor amusement, nothing beats a trip to the Inner Harbor. You can explore historic ships, head out on the water for a cruise, or cool off in one of the restaurants or shops. This is a major tourist attraction for Maryland, but the locals also spend time walking and running by the water.
They also get their exercise cheering the Baltimore Orioles to victory. To support that healthy lifestyle, most residents visit the Lexington Market for fresh fruits, vegetables and produce.
Don’t confuse Baltimore city with Baltimore County. While both are located within the same area of the United States, the city doesn’t fall within county lines.
Buying a Home in Baltimore
Various Baltimore city departments offer incentive programs for home buyers. Some programs will help you with your down payment or closing costs and others make it easier to purchase and preserve a historic property. If you need to renovate a home to make it livable, there are some programs that help you with those expenses as well. Others offer rebates or tax credits to make home ownership more affordable for everyone in the city.
You must complete home ownership counseling in order to qualify for these programs, and you typically need to gain acceptance into the program before entering into a sales contract. If you’re interested in these programs, check with the city government before you start home shopping. Some incentives are also offered by select local employers.
Popular Neighborhoods in Baltimore
Do you need easy access to nighttime activities to enjoy life? If so, your ideal Baltimore neighborhood is Canton. There are bars on what seems like every corner, and the large park doubles as a place to exercise and a place to enjoy live concerts. Since this area is close to the waterfront, many kayakers enjoy living here as well.
If you want to get away from the city and don’t mind sharing your environment with cattle and sheep, the Cockeysville farming community is ideal. It’s less than a 30-minute drive from downtown, but you’ll feel like you’re in a different world altogether. If you want to keep it a bit more urban without losing the small town community vibe, consider moving to Hampden. This area features a blend of small shops owned by moms and pops rather than large chains, and the residents are a true melting pot of culture.
Buying vs. Rent to Own Homes
Why should you consider renting a home before you make it your own? This may seem like a strange premise, but rent-to-own properties are becoming more popular these days. You agree to rent a property for a certain amount of time, and part of your monthly rent is placed in a safe account for use toward the purchase of the property. The landlord typically assumes the cost of maintaining the property until you officially make the purchase. The benefit is that you get to move into the property right away while still having time to clean up your credit so that you get the best interest rate when you do take out a home loan to buy.
Cost of Living in Baltimore
Since Baltimore is home to Johns Hopkins Hospital and University, it’s only fitting that the city’s cost of healthcare is more than 10% cheaper than the national average. Housing prices also tend to run a bit cheaper than the national average, and they’re way lower than the state average. Homes in Maryland tend to cost quite a bit more than homes in other states, but Baltimore is a safe haven where you can find more reasonable prices. The catch is that you may pay more for groceries and transportation than you would elsewhere in the country.
Maryland isn’t the cheapest place to live, but Baltimore offers some relief with a more favorable cost of living than most other cities. It also helps that the city and many local employers offer incentives to help residents secure a home. This is a lively city where steamed blue crab, cold craft beer and art shows are always in demand, but you can also hide out in a farming community if you don’t enjoy life in the big city. No matter which neighborhood you select, you’ll have easy access to parks and the water, making it easy to live a healthy lifestyle and get to know your neighbors.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
Reported Annual Crime In Baltimore