Rent to Own Homes in Camp Verde
Camp Verde is located in North Central Arizona, approximately 55 miles south of Flagstaff. According to the United States Census Bureau, the population of Camp Verde is over 11,200 residents.The below results are primarily rent to own homes in :
Camp Verde is located in North Central Arizona, approximately 55 miles south of Flagstaff. According to the United States Census Bureau, the population of Camp Verde is over 11,200 residents.The below results are primarily rent to own homes in :
Camp Verde has a rich history that encompasses many groups including Native Americans, soldiers, farmers, miners and entrepreneurs. The Camp Verde Historical Society operates a museum that houses a collection of artifacts to educate residents on the area's past inhabitants. The Fort Verde State Historic Park was developed to preserve the history of the Indian Wars era in Arizona. Visitors to the Fort Verde State Historic Park can tour fort structures dating back to the 1880's, experience living history demonstrations and stop at the Fort Verde Museum and Visitor's Center to appreciate exhibits that tell the story of the Indian Wars era. The Fort Verde State Historic Park is located in the heart of Camp Verde. Camp Verde is an upbeat community that hosts special events throughout the year. Fort Verde Days is a lively event held at Fort Verde State Historic Park to honor the military post that sparked the development of Camp Verde. The Verde Valley Farmers Market is a favorite spot for residents to pick up fresh, local produce.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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.
- 86322