Rent to Own Homes in Fairdale
Fairdale started out as a census-designated place just south of Louisville, Kentucky, but it was annexed into the city in 2003. It's now considered a neighborhood, but there were more than 7,500 residents within the area in 2000. The community is a part of Jefferson County and is positioned just north of the Jefferson Memorial Forest and the Tom Wallace Recreation Area.The below results are primarily rent to own homes in :
Fairdale started out as a census-designated place just south of Louisville, Kentucky, but it was annexed into the city in 2003. It's now considered a neighborhood, but there were more than 7,500 residents within the area in 2000. The community is a part of Jefferson County and is positioned just north of the Jefferson Memorial Forest and the Tom Wallace Recreation Area.The below results are primarily rent to own homes in :
Other natural attractions in this region of Kentucky include the South Park Country Club, Nelson Hornbeck Park, Waverly Park, Iroquois Park and the Quail Chase Golf Course. Residents and visitors can also venture northwest of the neighborhood to take spooky tours of the Waverly Hills Sanatorium, and the Louisville International Airport is a short drive to the north. Fairdale residents are served by the Fairdale Fire Protection District and the Jefferson County Public School District. This includes Fairdale Elementary School and Fairdale High School. Residents have easy access to the thriving Louisville economy. Some of the largest employers for the city include Humana, Kindred Healthcare, Yum Brands Incorporated, Brown Forman Corporation, PharMerica Corporation and Churchill Downs. Many residents also find jobs with the public school system and the nearby airport.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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