Rent to Own Homes in Bend
Originally a settlement on the “Farewell Bend” along the Deschutes River in the early 1900’s,... Read More
Originally a settlement on the “Farewell Bend” along the Deschutes River in the early 1900’s, Bend, Oregon started out as a logging and fur trading town. Today, the city is best known for its wide range of outdoor activities such as hiking, camping, fishing and skiing. Ben had the distinction of being named one of the top 10 best places to live in 2015’s Men’s Journal. The below results are primarily rent to own homes in Deschutes County, OR:
Originally a settlement on the “Farewell Bend” along the Deschutes River in the early 1900’s,... Read More
Originally a settlement on the “Farewell Bend” along the Deschutes River in the early 1900’s, Bend, Oregon started out as a logging and fur trading town. Today, the city is best known for its wide range of outdoor activities such as hiking, camping, fishing and skiing. Ben had the distinction of being named one of the top 10 best places to live in 2015’s Men’s Journal. The below results are primarily rent to own homes in Deschutes County, OR:
Buying a home in Bend?
The housing market in Bend, Oregon has skyrocketed over the past few years and is projected to continue on its upward trend. Median home value jumped $42,000 from 2016 to 2017 and sits currently at $392,000. This strong trend makes now a great time to buy a home in Bend before property values increase further.
Those looking to buy their first home in Bend, Oregon might qualify for a first time homebuyers program offered by the state. The Oregon Bond Residential Loan Program offers families and individuals with low and moderate incomes below-market rate financing and down payment assistance. To qualify for this program, residents must meet income requirements and also must be purchasing their first homes.
Buying versus Rent to Own?
Individuals who lack the savings for the down payment required for a mortgage or those who are lacking credit to secure financing might consider a rent to own agreement as a solution. In a rent to own agreement, an individual agrees to put a deposit on a home and make monthly rent payments for a determined length of time with the understanding that after the period of time is over, the individual will buy the home. Those in a rent to own agreement have the benefit of being able to live in their new home while still saving to buy it as a portion of the rent each month is saved towards the home’s down payment.
Bend, Oregon is a city of high growth and happens to be the largest city in central Oregon. Known for its wide range of outdoor activities, residents of Bend enjoy skiing, hiking, camping and whitewater rafting. The city was also named as one of the top ten places to live in the 2015 Men’s Journal. With each year, the population and home value increases significantly making Bend a solid investment for those looking for a home in Oregon.
Summary
Bend, Oregon is a city of high growth and happens to be the largest city in central Oregon. Known for its wide range of outdoor activities, residents of Bend enjoy skiing, hiking, camping and whitewater rafting. The city was also named as one of the top ten places to live in the 2015 Men’s Journal. With each year, the population and home value increases significantly making Bend a solid investment for those looking for a home in Oregon.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
- 97701
- 97702
- 97707
- 97708
- 97709