Rent to Own Homes in Boardman
Boardman is a census-designated place that rests approximately five miles south of Youngstown in the northeastern region of Ohio. This area is approximately 50 miles east of Akron, 45 miles northeast of Canton and about 15 miles west of western Pennsylvania towns like New Castle, Slippery Rock and Hermitage. Lake Newport cuts into the northwestern corner of the Boardman community and is surrounded by parks, trails and open green spaces that allow the area's more than 35,000 residents to enjoy plenty of time outdoors.The below results are primarily rent to own homes in :
Boardman is a census-designated place that rests approximately five miles south of Youngstown in the northeastern region of Ohio. This area is approximately 50 miles east of Akron, 45 miles northeast of Canton and about 15 miles west of western Pennsylvania towns like New Castle, Slippery Rock and Hermitage. Lake Newport cuts into the northwestern corner of the Boardman community and is surrounded by parks, trails and open green spaces that allow the area's more than 35,000 residents to enjoy plenty of time outdoors.The below results are primarily rent to own homes in :
This region of Ohio is home to many popular outdoor recreation areas, including the East Golf Hike & Bike Trail, Daffodil Meadow, Forest Lawn Memorial Park, Poland Village Park, Lake Hamilton, Boardman Park, Mill Creek Golf Course, Kennsington Golf Club, Canfield Fairgrounds and the Tippecanoe Country Club. Many of these attractions are located within the Boardman community while others are just minutes away. The Boardman CDP was established in the 1870s by Elijah Boardman and was originally a small agricultural region. Over time, residential areas have spread from Youngstown into this designated area, creating what many consider one larger community. The CDP is now a part of Boardman Township and Mahoning County. Students are served by the Boardman Local School District, which includes Boardman High School ad Boardman Center Middle School.
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
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
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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