Rent to Own Homes in Burton
Many of Burton’s original settlers moved there from the eastern shores of Lake Ontario in New York State. Several members of the Atherton family settled on Thread Creek in 1835, and it was originally known as Atherton... Read More
Many of Burton’s original settlers moved there from the eastern shores of Lake Ontario in New York State. Several members of the Atherton family settled on Thread Creek in 1835, and it was originally known as Atherton settlement. As late as 2014, some of their descendants were still living in Burton.The below results are primarily rent to own homes in :
Many of Burton’s original settlers moved there from the eastern shores of Lake Ontario in New York State. Several members of the Atherton family settled on Thread Creek in 1835, and it was originally known as Atherton... Read More
Many of Burton’s original settlers moved there from the eastern shores of Lake Ontario in New York State. Several members of the Atherton family settled on Thread Creek in 1835, and it was originally known as Atherton settlement. As late as 2014, some of their descendants were still living in Burton.The below results are primarily rent to own homes in :
The settlement became Burton Township when the City of Flint was established in 1855. Over time, much of Burton Township was annexed by Flint, especially the northern and western parts of the town. The City of Burton was incorporated in 1972.
The United States Census Bureau says that the city has a total area of 23.43 square miles. Burton is 90 minutes or less from four major bodies of water: Lake Huron, Lake Erie, Saginaw Bay, and Lake St. Clair, which means that plenty of water-based activities are close by. Along with its proximity to Flint, it is about 35 miles from the Pontiac-Detroit metroplex, and Saginaw is about 40 miles to the northwest.
Buying a Home in Burton
The median home cost in Burton is a very modest $66,100, which is an impressive 64 percent below the national average. Current listings range from $19,900 to $340,000. About 76 percent of the residential real estate is owner occupied. Overall, the cost of living in Burton is about 22 percent below the national average.
Approximately 49 percent of the population is married, and the median age of the residents is 40.7. The average family size is 3.0, and the median family income is about $44,000.
No less than seven public school districts serve different parts of Burton; three of them are organized within the city limits. Families with school-aged children should investigate the districts and individual schools when looking for a neighborhood.
Popular Neighborhoods in Burton
Burton is comprised of eight constituent neighborhoods. The easternmost is the Lapeer Heights neighborhood. The residential real estate is primarily small- to medium-sized single-family homes and mobile homes, and most is owner occupied. The neighborhood is well established, with many of the residences built between 1940 and 1970. It’s a middle-income neighborhood, and the median home cost is $103,000.
The southeast corner of Burton is the E Atherton Rd/S Belsay Rd. neighborhood. The residences here are mainly medium- large-sized single-family homes and mobile homes. In fact, almost all of the residences are detached, single-family homes. It is an upper-middle income neighborhood, and the median home cost is about $144,700.
Buying vs. Rent to Own Homes
Burton may already sound like an attractive place because of its low housing cost and low cost of living. But buying a home requires pre-qualification and a down payment. If you don’t have the cash for a down payment or think you won’t qualify for a mortgage, have you considered a rent-to-own arrangement? The tenant agrees to live in a home for a specified period of time and, at the end of that period, they have the option to buy. A part of the rent each month is applied toward a down payment to eventually buy the house. It’s doesn’t require a large outlay of cash or pre-qualification for a mortgage, and renters can look forward to becoming homeowners.
Summary
For those who enjoy a variety of outdoor activities, the city of Burton in Michigan has four diverse seasons and is close to several large bodies of water. Its proximity to Flint, Pontiac, and Detroit means that the amenities of the big city – fine dining, entertainment, nightlife, shopping, and even employment – are not that far away. And the low housing cost is the cherry on top, making Burton worth considering if you’re thinking about a move.
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
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
- 48509
- 48529
- 48519