Rent to Own Homes in Dixon
Dixon is a small city located approximately 40 miles south of Rockford in northern Illinois. This location is approximately 100 miles west of Chicago, 85 miles north of Peoria and 140 miles east of Cedar Rapids. This gives residents many options for long weekends and vacations that don’t require significant travel time. The Rock River flows through the center of town, and Lowell Park sits just beyond the city’s northern boundary. There are many options for outdoor recreation within city limits, including Meadows Park, Lowell Parkway Trail, Dixon Nature Reserve, John Dixon Park and Borden Field.The below results are primarily rent to own homes in :
Dixon is a small city located approximately 40 miles south of Rockford in northern Illinois. This location is approximately 100 miles west of Chicago, 85 miles north of Peoria and 140 miles east of Cedar Rapids. This gives residents many options for long weekends and vacations that don’t require significant travel time. The Rock River flows through the center of town, and Lowell Park sits just beyond the city’s northern boundary. There are many options for outdoor recreation within city limits, including Meadows Park, Lowell Parkway Trail, Dixon Nature Reserve, John Dixon Park and Borden Field.The below results are primarily rent to own homes in :
Since Dixon is a regional employment hub, most residents don’t have to commute for high-paying jobs. The Dixon Correctional Center, KSB Hospital and the Department of Transportation are three of the largest employers for the area, but jobs are also available in manufacturing, healthcare and warehousing. The local public school system also offers jobs in education, including at Dixon High School. The City of Dixon was founded by John Dixon and was home to approximately 2,200 residents in 1860. The population grew to more than 19,000 residents by 1960 and then started to gradually decline in size. There were just over 15,000 residents in 2016.
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
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 61021