Rent to Own Homes in Collinsville
Collinsville, Illinois, is located primarily in Madison County with a small part of it southern half in St. Clair County. The city's population sits at around 25.5 thousand people and is the world capital for horseradish production. The city covers around 14.85 square miles in the southwestern part of Illinois.The below results are primarily rent to own homes in :
Collinsville, Illinois, is located primarily in Madison County with a small part of it southern half in St. Clair County. The city's population sits at around 25.5 thousand people and is the world capital for horseradish production. The city covers around 14.85 square miles in the southwestern part of Illinois.The below results are primarily rent to own homes in :
As the self titled "horseradish capital of the world," it makes sense that Collinsville is also home of the largest catsup bottle in the world. The catsup bottle is actually a 170 foot tall water tower in the shape of a catsup bottle known as the Brooks Catsup Bottle Water Tower. Every July, Collinsville plays host to the Largest Catsup Bottle Festival which draws in participation from across the state and from neighboring states. Collinsville is also the home of the Cahokia Mounds State Historic Site, which is the largest known pre-Columbian settlement north of Mexico. Within the Cahokia Mounds State Historic Site sits Monks Mound, which is the largest prehistoric earthwork in both North and South America, as well as 70 other, smaller mounds.
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
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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