Rent to Own Homes in Bonner Springs
The modest town of Bonner Springs, with a population of around 7 thousand people, is split between three different counties in the far eastern part of the state of Kansas: Wyandotte, Leavenworth, and Johnson counties. Bonner Springs residents hold pride in the fact that their town is believed to be the first major commercial center and permanent fixture in Kansas. The city was founded in 1812 by a pair of French fur traders who moved to the area from nearby St. Louis and chose to settle and start their own trading post known as the Four Houses.""The below results are primarily rent to own homes in :
The modest town of Bonner Springs, with a population of around 7 thousand people, is split between three different counties in the far eastern part of the state of Kansas: Wyandotte, Leavenworth, and Johnson counties. Bonner Springs residents hold pride in the fact that their town is believed to be the first major commercial center and permanent fixture in Kansas. The city was founded in 1812 by a pair of French fur traders who moved to the area from nearby St. Louis and chose to settle and start their own trading post known as the Four Houses.""The below results are primarily rent to own homes in :
In 1907, the Bonner Springs Improvement Club worked on marketing the area to tourists by advertising the area's five major hot springs: Big Chief, Little Chief, Papoose, Old Squaw, and Minnehaha. Today, the local government of the town is overseen by the Bonner Springs City Council which is made up of nine elected members across four wards. The mayor of Bonner Springs is also elected and between the mayor and the council members, a city manager is chosen to oversee everyday city operations. For public education, Bonner Springs employed the Unified School District 204 which oversees Bonner Springs High School, Robert E. Clark Middle School, and three elementary schools. The town is also home to the Kansas City Kansas Community College.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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