Rent to Own Homes in Clinton
Clinton is the most populous town in Van Buren County, and it also serves as the county... Read More
Clinton is the most populous town in Van Buren County, and it also serves as the county seat. Although it's the largest city in the county, Clinton is a small town, home to 2,600 residents. At the time the 2000 United States Census was taken, those 2,600 residents reported a family median income of $30,792. The United States Census Bureau report also noted that a little more than 23 percent of the town’s population was under the age of 18.The below results are primarily rent to own homes in :
Clinton is the most populous town in Van Buren County, and it also serves as the county... Read More
Clinton is the most populous town in Van Buren County, and it also serves as the county seat. Although it's the largest city in the county, Clinton is a small town, home to 2,600 residents. At the time the 2000 United States Census was taken, those 2,600 residents reported a family median income of $30,792. The United States Census Bureau report also noted that a little more than 23 percent of the town’s population was under the age of 18.The below results are primarily rent to own homes in :
The town’s population has varied somewhat over the years. The Census of Population in 2000 had 2,283 people living in Clinton. By the 2010 census, the population had climbed 14 percent to 2,602 residents. As of 2017, the Census Bureau estimates that the town population has dropped to 2,486. Serving the town’s families, Clinton offers convenient public schools located directly in town. These schools are operated by the Clinton School District and include Clinton Preschool, Clinton Elementary and Clinton High School. Clinton High School offers its students a number of extra-curricular programs and clubs, including the National Honor Society, choir, FFA and journalism. Clinton encompasses 13.21 square miles in North Central Arkansas. A little more than a quarter of the town’s square area is made up of water, including the Archery Fork of the Little Red River that feeds into nearby Greers Ferry Lake. The town is named for DeWitt Clinton, the builder of the Erie Canal and a former governor and senator for New York State.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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