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Rent to Own Homes in Andover

Dracut, Massachusetts, in Middlesex County is a decently sized city that offers its residents peace of mind with its comprehensive public safety departments as well as a high functioning school district that oversees six major public schools. Dracut is the only known city in the world with its name and, in addition to that uniqueness, the city is home to at least one building that is nearing its three... Read More
Dracut, Massachusetts, in Middlesex County is a decently sized city that offers its residents peace of mind with its comprehensive public safety departments as well as a high functioning school district that oversees six major public schools. Dracut is the only known city in the world with its name and, in addition to that uniqueness, the city is home to at least one building that is nearing its three hundredth birthday.

The city of Dracut is located along the northeastern border of the state of Massachusetts in Middlesex County and has a population of around 31 thousand people. It is closely situated near the Merrimack River. Dracut operates a fully functional public safety works program which includes the Dracut Police Department and Dracut Fire Department. The police department employs around 39 officers and has its own K9 unit. The fire department employs around 40 firefighters that work in shifts on a 24/7 schedule. These firefighters are stations at three different fire stations across the city.

The below results are primarily rent to own homes in Middlesex:

Andover Rent to Own Homes & Homes for Sale (2071 Listings Found)
REO Foreclosure

Dracut , MA 01826

3 Bedrooms, 1.5 Baths  

$310,198
More Details
REO Foreclosure Hot

North Chelmsford , MA 01863

4 Bedrooms, 1.5 Baths  

$333,000
More Details
REO Foreclosure

Lowell , MA 01851

4 Bedrooms, 3.5 Baths  

$292,124
More Details
REO Foreclosure

Lowell , MA 01850

3 Bedrooms, 1.5 Baths  

$221,100
More Details
REO Foreclosure

Lowell , MA 01852

3 Bedrooms, 1.5 Baths  

$246,000
More Details
REO Foreclosure

Lowell , MA 01852

3 Bedrooms, 1.5 Baths  

$287,500
More Details
REO Foreclosure

Lowell , MA 01852

3 Bedrooms, 1 Baths  

$50,000
More Details
REO Foreclosure

Lowell , MA 01852

3 Bedrooms, 1 Baths  

$196,395
More Details
REO Foreclosure

Lowell , MA 01851

3 Bedrooms, 1 Baths  

$216,195
More Details
REO Foreclosure

Chelmsford , MA 01824

3 Bedrooms, 1 Baths  

$157,017
More Details
REO Foreclosure

Lowell , MA 01852

2 Bedrooms, 1 Baths  

$143,000
More Details
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Dracut, Massachusetts, in Middlesex County is a decently sized city that offers its residents peace of mind with its comprehensive public safety departments as well as a high functioning school district that oversees six major public schools. Dracut is the only known city in the world with its name and, in addition to that uniqueness, the city is home to at least one building that is nearing its three hundredth birthday.
The city of Dracut is located along the northeastern border of the state of Massachusetts in Middlesex County and has a population of around 31 thousand people. It is closely situated near the Merrimack River. Dracut operates a fully functional public safety works program which includes the Dracut Police Department and Dracut Fire Department. The police department employs around 39 officers and has its own K9 unit. The fire department employs around 40 firefighters that work in shifts on a 24/7 schedule. These firefighters are stations at three different fire stations across the city.

In recent days, the area has seen a lot of modern development and the city has struggled to maintain its more historic, rural areas. On such area holds the Colburn/Cutter House which is almost three centuries old (dating from around 1717) and has long served as the host site of the annual Dracut Craft Fair. The city is also home to the Dracut School Department which oversees six public schools: Greenmont Elementary School, Campbell Elementary School, Brookside Elementary School, Engelsby Elementary School, Richardson Middle School, and Dracut Senior High School. The city also operates a separate special education school for more specialized learning opportunities.

Buying vs. Rent to Own Homes

When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.

Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.

Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.

Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.

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

Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.

Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.

Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.

With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.

Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.

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Reported Annual Crime In Andover

Statistic Andover Massachusetts National
Murder 0 128 15,696
Rape 3 2,075 124,047
Robbery 2 1,608 327,374
Assault 18 5,288 764,449
Violent Crime 23 26,562 1,197,704
Burglary 28 114,871 1,579,527
Theft 174 21,890 5,706,346
Vehicle Theft 14 84,912 707,758
Property Crime 216 19,071 7,993,631

Cities Near Andover

  • Rent to own homes in Dracut
  • Rent to own homes in Lowell
  • Rent to own homes in Newton
  • Rent to own homes in Lawrence
  • Rent to own homes in Methuen

Other Cities in Massachusetts

  • Rent to own homes in Boston
  • Rent to own homes in Worcester
  • Rent to own homes in Springfield
  • Rent to own homes in Cambridge
  • Rent to own homes in Brockton
  • Rent to own homes in New bedford
  • Rent to own homes in Fall river
  • Rent to own homes in Lynn
  • Rent to own homes in Quincy

About Rent To Own Labs

Our goal is to help you find the ideal rent to own home. To do that, we’ve had to experiment with a lot of crazy things to make that happen (thus our name!). We’re consistently trying new things, working with new partners, and overall, trying to make your search experience as seamless as possible. At the end of the day, we know how important it is to find the perfect home, and we’re excited to help you find it, and to help you through the entire process.

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