Rent to Own Homes in East Lansing
East Lansing is positioned approximately five miles east of Lansing in south-central Michigan. The city is best known as home to the Michigan State University, but there are also many parks and entertainment venues in this part of the city. Some of the biggest attractions within city limits include the Falcon Golf Course, Eagle Eye Golf Club, Abbot Road Park, East Lansing Family Aquatic Center, Henry Fine Park and Whitehills Park. Other attractions located just beyond city limits include Hawk Hollow Golf Course, Park Lake, Lake Lansing, Hawk Island Park, Potter Park Zoo and Granger Meadows Park.The below results are primarily rent to own homes in :
East Lansing is positioned approximately five miles east of Lansing in south-central Michigan. The city is best known as home to the Michigan State University, but there are also many parks and entertainment venues in this part of the city. Some of the biggest attractions within city limits include the Falcon Golf Course, Eagle Eye Golf Club, Abbot Road Park, East Lansing Family Aquatic Center, Henry Fine Park and Whitehills Park. Other attractions located just beyond city limits include Hawk Hollow Golf Course, Park Lake, Lake Lansing, Hawk Island Park, Potter Park Zoo and Granger Meadows Park.The below results are primarily rent to own homes in :
The area that we now refer to as East Lansing, Michigan, started out as home to two Native American tribes. The region was settled in 1847, and the community started to grow with the development of a toll road connecting Detroit and Lansing. East Lansing incorporated as a city in 1907, and there were approximately 800 residents in 1910. The population surpassed 20,000 in 1950 and hit its peak in 1980 with just over 50,000 residents. In 2017, there were approximately 49,000 people living within city limits. This includes annexed land from Meridian Township, which now contains the East Lansing Soccer Complex. Residents are served by East Lansing Public Schools.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
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.
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