Rent to Own Homes in Belpre
As the legend goes,... Read More
As the legend goes, French trappers were so enamored by the beautiful Ohio River Valley that they named the area “Belle Prairie.” Soon, settlers from other European countries moved into the region and shortened the town’s name to Belpre.The below results are primarily rent to own homes in :
As the legend goes,... Read More
As the legend goes, French trappers were so enamored by the beautiful Ohio River Valley that they named the area “Belle Prairie.” Soon, settlers from other European countries moved into the region and shortened the town’s name to Belpre.The below results are primarily rent to own homes in :
Today, nearly 6,500 people make their homes in Belpre, drawn to the city for its rural charm, vibrant culture and picturesque, convenient location. More than 3,000 households are located within the city’s 3.57 square miles, according to the United States Census Bureau. At the time of the 2010 United States Census, the average family size in Belpre was 2.71 with 18.8 percent of the population under the age of 18. To serve this young population, Belpre City School District operates two local schools. Belpre Elementary School educates kids from grades Kindergarten to 6th grade, and Belpre High School provides education from 7th through 12th grades. Local recreation sites serve locals of all ages, providing walking trails, boating, fishing and golf facilities. Depot Park features a restored caboose, while Civitan Park offers a boat launch and campgrounds. The Ohio River forms the city’s southern and eastern border, offering countless recreation opportunities in addition to the enticing Blennerhassett Island. Belpre has a long history in Ohio and the United States as the Western Territory’s second settlement. The annual Founders Day Festival each April gives locals a chance to celebrate the town’s settlement, and the annual October Apple Butter Stir-Off honors the city’s early craft culture.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
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.
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