Rent to Own Homes in Dayton
Dayton region residents knows how to enjoy life too. The Dayton area’s arts and culture efforts ranked in the top 10 percent among major metropolitan cities, and downtown Daytona is filled with thrilling performances at the Performing Arts Center and Dayton Ballet. There are also abundant year-round parks like Five Rivers MetroParks.
Buying a Home in Dayton?
The Dayton housing market is flourishing, with sales increasing 7 percent. Average prices have now surpassed the pre-recession June 2007 price, reaching $150,978 for a 7 percent increase. The median sales price also climbed to $115,000, a 9.6 percent increase. The number of homes on the market is also growing, with 2,265 new listings added in a one-month period. These new listings bring the total number of houses on the market to a substantial 5,885, and a total inventory of 4.4 months.
Popular Neighborhoods in Dayton?
Dayton residents who want historic homes have their choice of Dayton’s 10 historic districts. One local favorite is Saint Anne’s Hill. Houses here date back as far as 1860 and span architectural styles. Locals of all ages are discovering the benefits of living in busy Downtown Dayton. Homes range from condos and apartments in new and historic buildings as well as quaint bungalows. The average selling price of a downtown home is $135,257. Families with school-aged children also like the Trebein Road area that gives residents access to excellent schools, safe streets and a wide mix of house sizes.
Buying vs. Rent to Own Homes?
Part of a successful real estate deal is understanding the options available and choosing the the most flexible option. In many cases, that perfect option is in rent to own homes. Forget immediate down payments and mortgages. Rent-to-owners pay an option fee to begin the process and a monthly rent and premium. The option fee and excess monthly rent are usually credited to the buyer’s final down payment. When the contract period is up, usually in one to three years, the buyer applies for a mortgage and supplies a down payment.
Cost of Living in Dayton?
With all of Dayton’s advantages in industry, culture and education, it’s surprising to find that its cost of living is also economical. Overall, residents can expect to spend 24 percent less on living expenses than residents of other town across the country. Housing is the lowest expense, just 27 percent of the national average. Other costs are more in keeping with the national average, and utilities and transportation are actually 3 to 10 percent more expensive. Healthcare is 10 percent cheaper than the country’s average, and groceries are more than 7 percent less expensive.
Dayton is often ranked as one of the best cities for outstanding healthcare facilities and best economic development,, and the city was designated as Ohio’s first aerospace innovation hub. In addition to the city’s strong industries and employment, Dayton enjoys numerous historic neighborhoods, a variety of newer communities and affordable homes throughout the city. In fact residents pay only 27 cents for every dollar that other Americans pay for housing. That affordable housing carries over into the city’s overall cost of living that saves residents 24 percent compared to the national average.
Summary
Dayton is often ranked as one of the best cities for outstanding healthcare facilities and best economic development,, and the city was designated as Ohio’s first aerospace innovation hub. In addition to the city’s strong industries and employment, Dayton enjoys numerous historic neighborhoods, a variety of newer communities and affordable homes throughout the city. In fact residents pay only 27 cents for every dollar that other Americans pay for housing. That affordable housing carries over into the city’s overall cost of living that saves residents 24 percent compared to the national average.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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