Rent to Own Homes in Dexter
The city of Dexter is located in southeast Missouri. This small community is immediately south of Bloomfield, which is the county seat of Stoddard County. It was originally founded as Dexter City in 1873. It was renamed as simply Dexter in 1887.The below results are primarily rent to own homes in :
The city of Dexter is located in southeast Missouri. This small community is immediately south of Bloomfield, which is the county seat of Stoddard County. It was originally founded as Dexter City in 1873. It was renamed as simply Dexter in 1887.The below results are primarily rent to own homes in :
According to recent data from the United States Census Bureau, the population of Dexter is approximately 7,900 residents. The average family size in Dexter is nearly 3 members, as reported by the United States Census of Population and Housing. The housing density in the area is roughly 560 units per square mile. The United States Census lists the median income for households in Dexter as approximately $32,000 per year. The top five employment sectors in Dexter are manufacturing, retail, healthcare/social assistance, education and construction. The city of Dexter boasts a rich history. Several buildings in Dexter are listed on the National Register of Historic Places. The Dexter Gymnasium, constructed in 1939, is a community landmark that was built to host high school athletic competitions and still functions to bring community members together today. Residents can also step into the area's past with a visit to the Dexter Welcome Center Depot and Museum. Dexter is the ideal location for outdoor activities. Lake Wappapello State Park is within an hour of Dexter, making it a convenient day trip for residents to enjoy fishing, hunting, swimming or wildlife-scouting. Residents who wish to stay closer to home can enjoy one of the several city parks operated by the Dexter Parks and Recreation Department.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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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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