Rent to Own Homes in Charlotte
The city of Charlotte is centrally located between Lansing, Battle Creek and Jackson in the southern portion of lower Michigan. It lies between Eaton Township and Carmel Township, and serves as the county seat of Eaton County. According to the United States Census Bureau, the population of Charlotte is just over 9,000 residents.The below results are primarily rent to own homes in :
The city of Charlotte is centrally located between Lansing, Battle Creek and Jackson in the southern portion of lower Michigan. It lies between Eaton Township and Carmel Township, and serves as the county seat of Eaton County. According to the United States Census Bureau, the population of Charlotte is just over 9,000 residents.The below results are primarily rent to own homes in :
In the mid-1800's, George Barnes acquired the land that we now know as Charlotte from the United States government. George Barnes then sold the land to a New York City gentleman named Edmond B. Bostwick. Mr. Bostwick sold part of the land to three men, including Francis Cochran. Charlotte was established as a village in 1863 and as a city in 1871. The population density in Charlotte was recently reported at just over 1,400 residents per square mile. The average household size is reported as 2.45 residents. The average family size is reported as 3.02 family members. Children in Charlotte are served by Charlotte Public Schools. Parochial school options within the city include the St. Mary School and the Charlotte Adventist Christian School. The Charlotte Performing Arts Center is a highlight in the community. The Charlotte Performing Arts Center hosts concerts, musicals and events for the local school district.
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
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
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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