Rent to Own Homes in Branford
You’ll find the Town of Branford on the southern edge of Connecticut, resting on the shores of the Long Island Sound. This area is approximately seven miles east of New Haven, eight miles west of Guilford and less than five miles south of North Branford. Lake Saltonstall rests on the town’s western edge and is surrounded by a recreation area that features a nature trail, nine miles of hiking and biking trails, and access points for fishing in the stocked lake. Other natural attractions within town limits include Foote Memorial Park, Ecology Park, Pine Orchard Golf Course and Beacon Hill Preserve.The below results are primarily rent to own homes in :
You’ll find the Town of Branford on the southern edge of Connecticut, resting on the shores of the Long Island Sound. This area is approximately seven miles east of New Haven, eight miles west of Guilford and less than five miles south of North Branford. Lake Saltonstall rests on the town’s western edge and is surrounded by a recreation area that features a nature trail, nine miles of hiking and biking trails, and access points for fishing in the stocked lake. Other natural attractions within town limits include Foote Memorial Park, Ecology Park, Pine Orchard Golf Course and Beacon Hill Preserve.The below results are primarily rent to own homes in :
The area that is now known as Branford was first settled around a Dutch trading post established along the Branford River in the 17th century. The community started to grow once the railroad extended through this area of the state. There were more than 1,100 residents in 1820, and the population grew to more than 10,000 by 1950. There were more than 28,000 residents in 2016. Today, Branford is best known for its Thimble Island cruises, which depart from the Stony Creek dock. The seal-watch cruises are among the most popular for residents and visitors. Residents also have access to a beach at Branford Point, and the Branford Hills area features a variety of retail stores and restaurants.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
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
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.
- 06405