Rent to Own Homes in Ellettsville
Ellettsville is a growing town off State Route 46 in south-central Indiana. It’s located less than 10 miles northwest of Bloomington, 50 miles east of Terre Haute and 50 miles south of Indianapolis. This location places residents a short drive from multiple green spaces suitable for outdoor recreation, including McCormick’s Creek State Park, Beanblossom Bottoms Nature Preserve, Griffy Lake and Yellowwood State Forest. The Bloomington campus of Indiana University is also a short drive from the all areas of Ellettsville.The below results are primarily rent to own homes in :
Ellettsville is a growing town off State Route 46 in south-central Indiana. It’s located less than 10 miles northwest of Bloomington, 50 miles east of Terre Haute and 50 miles south of Indianapolis. This location places residents a short drive from multiple green spaces suitable for outdoor recreation, including McCormick’s Creek State Park, Beanblossom Bottoms Nature Preserve, Griffy Lake and Yellowwood State Forest. The Bloomington campus of Indiana University is also a short drive from the all areas of Ellettsville.The below results are primarily rent to own homes in :
The land that is now consumed by Ellettsville was originally settled by Edward Ellett and his family. The town’s first courthouse was built in 1820, and a schoolhouse followed two years later. There were fewer than 100 people living within town limits in 1850, but the town grew slowly until there were more than 1,200 residents in 1960. That slow growth rate continues, and there were more than 6,000 people living within town limits in 2016. Most students living in Ellettsville will attend Edgewood Primary School, Edgewood Intermediate School, Edgewood Junior High School and Edgewood High School. Residents of all ages have access to a public library located within town limits.
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
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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.
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