Rent to Own Homes in Council Bluffs
The Missouri River winds along the western edge of the city, and Manawa State Park offers a large lake and opportunities for outdoor recreation in the southern end of town. The Carter Lake region located just northwest of the city was once a part of Council Bluffs west. It's now a separate city but remains a source of outdoor recreation for Council Bluffs residents. The current Council Bluffs is a bit smaller than the originally incorporated city, but it's still a picturesque community with a variety of family-friendly neighborhoods.
As all Council Bluffs businessmen and women know, the job industry in this city is quite diverse. Many residents are drawn to the casinos due to the excitement and lucrative opportunities. Jobs are also available in manufacturing plants for some large brand names, including Tyson. Office work is readily available, and many residents work in retail or the food industry.
Buying a Home in Council Bluffs?
The median sales price for homes in Council Bluffs is typically less than $150,000, and you can find homes selling for under $100,000 most of the time. The affordable prices have resulted in a stable community where more than 70 percent of residents own their homes.
The Council Bluffs real estate market includes sizable farms that sell for more than $1 million, homes with three or more acres of land that sell for $500,000 or more, and single-family homes on small lots in family-friendly communities. Before you start browsing the homes for sale in Council Bluffs, make a list of features that you cannot live without. This will help you narrow down your search so that you don't waste time on properties that won't suit your lifestyle.
Popular Neighborhoods in Council Bluffs?
Lewis Central is one of the more popular residential areas of Council Bluffs. It includes the Iowa School for the Deaf and is served by the Lewis Central School District. You'll find many newer single-family homes in the area, and new constructions are in process all the time. You can expect to pay more than $300,000 for a home in this community, and it's not difficult to find empty lots suitable for customized homes.
If you prefer a more urban living environment but don't want to sacrifice a nice home in a safe community, look for properties in the East End neighborhood. There are many shops and restaurants here, and you can find condos for sale alongside single-family homes. Real estate prices here can range from around $900,000 to well over $3 million.
Buying vs. Rent to Own Homes?
Do you dream of purchasing a home in Council Bluffs? You might consider a rent-to-own home if you want to buy a home but aren't quite ready to apply for a mortgage loan. If accepted for this type of contract, you will have the opportunity to rent the home that you will one day own. You have to purchase the home before a specified date and for a pre-determined price, but other buyers are blocked from making offers on the property until that time. This allows you to settle into your new neighborhood right away, but you have more time to prepare for the home-buying process.
Cost of Living in Council Bluffs?
The cost of housing in Council Bluffs often drops 30 percent below the national average. From transportation to utilities and groceries, most other expenses are slightly lower than national averages. This results in an overall cost of living that is up to 10 percent below average. If you want to stretch your housing budget, this is a good place to consider moving.
You'll find the city of Council Bluffs across the Missouri River from Omaha, Nebraska. The city offers jobs in a variety of industries, including manufacturing plants, retail stores and casinos. There are also many opportunities for outdoor recreation in this area of the United States, with many large golf courses, state parks and lakes located within and surrounding the city.
Summary
You'll find the city of Council Bluffs across the Missouri River from Omaha, Nebraska. The city offers jobs in a variety of industries, including manufacturing plants, retail stores and casinos. There are also many opportunities for outdoor recreation in this area of the United States, with many large golf courses, state parks and lakes located within and surrounding the city.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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