Rent to Own Homes in Centerville
The 3.01 square miles of land in eastern Wayne County, Indiana, is home to the small town of Centerville. The population of the town sits at around 2.5 thousand people, with an average household size of 2.46 and an average family size of 2.95. In 1873, a there was struggle between Centerville and nearby Richmond for who would hold the county seat. The position had been with Centerville since 1818, but Richmond had grown at an accelerated rate over the intervening years in both population and prosperity and believed that it was more deserving of the title. By 1873, Richmond had won the struggle and Centerville was no long the county seat of Wayne County.The below results are primarily rent to own homes in :
The 3.01 square miles of land in eastern Wayne County, Indiana, is home to the small town of Centerville. The population of the town sits at around 2.5 thousand people, with an average household size of 2.46 and an average family size of 2.95. In 1873, a there was struggle between Centerville and nearby Richmond for who would hold the county seat. The position had been with Centerville since 1818, but Richmond had grown at an accelerated rate over the intervening years in both population and prosperity and believed that it was more deserving of the title. By 1873, Richmond had won the struggle and Centerville was no long the county seat of Wayne County.The below results are primarily rent to own homes in :
During the county seat conflict, a small cannon, nicknamed "Black Betty," was fired at the Centerville Courthouse when the guard at the courthouse refused to open the doors and allow the county seat records to Richmond. The damage from the cannon can still be seen today over the door of the old courthouse, which is now the Center Township Library. Centerville Senior High School was originally built in 1961 and has seen additions in 1967, 1976, 1981, 1994, and between 2000 and 2002. The school is known for winning the Tri-Eastern Conference Boys' All-Sports Trophy a record 19 times and the Girls' All-Sports Trophy a record 17 times. Both boys' and girls' records are the best in the conference.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
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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