Rent to Own Homes in Bronx
The Bronx is the northernmost borough of New York City and is home to more than a million residents. The borough rests on the Long Island Sound, the Queens River, the East River and the Hudson River. It's also bordered by Westchester County, Manhattan and Queens. This area is a part of Bronx County and has been the focus of the Bronx River Alliance for many years. This organization has revitalized the Bronx River shoreline, which now features the Bronx River Art Center, The Bronx Zoo and the New York Botanical Gardens.The below results are primarily rent to own homes in :
The Bronx is the northernmost borough of New York City and is home to more than a million residents. The borough rests on the Long Island Sound, the Queens River, the East River and the Hudson River. It's also bordered by Westchester County, Manhattan and Queens. This area is a part of Bronx County and has been the focus of the Bronx River Alliance for many years. This organization has revitalized the Bronx River shoreline, which now features the Bronx River Art Center, The Bronx Zoo and the New York Botanical Gardens.The below results are primarily rent to own homes in :
Some of the biggest attractions in The Bronx include Van Cortlandt Park, Rikers Island, Wave Hill Public Gardens, Mosholu Golf Course, Seton Falls Park, Pelham Bay Golf Course, Split Rock Golf Course, Hunter Island, Twin Island and the Turtle Cove Golf Center. There are also some smaller waterways bordering the borough, including the Hutchinson River, Turtle Cove and Pelham Bay. While New York City experienced an economic boom that resulted in a gain of more than 700,000 new jobs between 2009 and 2017, growth within The Bronx has been much slower than in other parts of the city. Many of the jobs available are in retail through popular shopping areas like Bay Plaza Shopping Center, Fordham Road and Bruckner Boulevard.
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
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 10467
- 10456
- 10462
- 10453
- 10452
- 10468
- 10463
- 10458
- 10457
- 10466
- 10469
- 10472
- 10473
- 10460
- 10461
- 10475
- 10451
- 10465
- 10459
- 10455
- 10454
- 10471
- 10470
- 10474
- 10464