Rent to Own Homes in Bismarck

The city of Bismarck was named by the Northern Pacific Railway as it built its station in the town to honor Otto von Bismarck, the German chancellor. The discovery of gold in the Black Hills nearby became a major driver of early growth.

Today, downtown Bismarck is home to a wide array of government, retail and dining options. Kirkwood Mall, the Bismarck Civic Center and streets lined with restaurants and shops fill the downtown area. There are also two major hospitals in the area, St. Alexius Medical Center and Sanford Health. Just north of downtown, the North Dakota State Capitol towers over the city in a 19-story classic building and surrounding complex.

The Bismarck Public Schools district includes 16 elementary schools, three middle schools and four high schools, with over 10,000 students. The city is also home to five colleges, including Bismarck State College, a two-year public degree-granting institution that is part of the state university system, as well as the private University of Mary.

Buying a Home in Bismarck

As the state's capital and an economic center of local development, Bismarck is an attractive, livable city to call home. Full of cultural activities, parks and recreation, the city is appealing to families, couples and individuals. The median value of a home in the city is $265,000, while the median price of a home listed for sale is $269,900. Home values in the city have risen considerably and uninterruptedly since 2007.

Popular Neighborhoods in Bismarck

Downtown Bismarck is considered to be one of the most livable areas in the state, with great access to shops and restaurants, excellent walkability and outstanding urban amenities. Various communities in Northwest Bismarck are also excellent choices, with close proximity to many large shopping centers and retail areas as well as two golf courses. Areas near the Missouri River provide great views as well as immediate access to parks and walking, running and biking trails.

Buying vs. Rent to Own Homes

You may be certain that you are ready to put down roots in Bismarck and purchase a home. However, in order to do so, you'll need a substantial down payment and a good credit rating to ensure favorable mortgage rates. If you want to move in right away and get to work on homeownership, a rent to own home can be a good option for you. You'll agree on a purchase price, but rent for a set period while you save up for your down payment and prepare for your mortgage. When it's time to buy, you'll receive credit for a portion of your rent. With this option, you can get started on your homeownership journey now.

Summary

The busy, active state capital of North Dakota, Bismarck is considered one of the most livable cities in the country. With a strong economy, great public schools and a wide range of recreational and cultural amenities, Bismarck is community-oriented and open to newcomers. From river walks along the Missouri to arts events, the city is full of innovative ideas and newer developments.

Rent to Own Realtors

Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.

Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.

Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.

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.