Rent to Own Homes in Dudley
Dudley is a small town on the southern edge of Massachusetts that is less than 20 miles south of Worcester, 50 miles east of Springfield and 45 miles north of Hartford, Connecticut. This location places residents a short drive from the Douglas State Forest, Thompson Speedway Motorsports Park, Bigelow Hollow State Park and Wells State Park. Some of the biggest attractions within town limits include Nichols Golf Course, Nichols College, Tri-State Speedway and Sk8erz Roller Rink, Merino Pond, Peter Pond and New Pond.The below results are primarily rent to own homes in :
Dudley is a small town on the southern edge of Massachusetts that is less than 20 miles south of Worcester, 50 miles east of Springfield and 45 miles north of Hartford, Connecticut. This location places residents a short drive from the Douglas State Forest, Thompson Speedway Motorsports Park, Bigelow Hollow State Park and Wells State Park. Some of the biggest attractions within town limits include Nichols Golf Course, Nichols College, Tri-State Speedway and Sk8erz Roller Rink, Merino Pond, Peter Pond and New Pond.The below results are primarily rent to own homes in :
The Town of Dudley has a rich history that is filled with controversies, conspiracies and one noteworthy visit from General George Washington. Dudley Hill is a historical landmark that sits at the center of town and is currently home to Nichols College. The town is now served by the Dudley-Charlton Regional School District. Most students attend Dudley Middle School, Dudley Elementary School and Shepard Hill Regional High School. There were close to 12,000 residents as of 2016. Dudley residents are encouraged to participate in a variety of community events held by the town throughout the year. This includes monthly activities at the senior’s center plus street festivals and parades for many holidays. Most residents hold professional jobs, but there are also employment opportunities in manufacturing, construction, sales and retail or food services.
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
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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