Rent to Own Homes in Fairmont
Popular attractions near this city include Pricketts Fort, a West Virginia State Park that has a rich history which dates to the time of the first European settlers in the United States. Valley Falls State Park is located to the east of the city. Both locations offer many outdoor leisure activities. The Fairmont Marion County Regional Airport Authority operates Frankman Field which offers commercial connecting flights to surrounding areas. Public transportation in the city is provided by the Fairmont Marion County Transit Authority.The below results are primarily rent to own homes in Marion County, WV:
Popular attractions near this city include Pricketts Fort, a West Virginia State Park that has a rich history which dates to the time of the first European settlers in the United States. Valley Falls State Park is located to the east of the city. Both locations offer many outdoor leisure activities. The Fairmont Marion County Regional Airport Authority operates Frankman Field which offers commercial connecting flights to surrounding areas. Public transportation in the city is provided by the Fairmont Marion County Transit Authority.The below results are primarily rent to own homes in Marion County, WV:
Over the years, the economy in Fairmont has remained strong. Many new landmarks in the city such as the Fairmont City Reservoir are built upon land where old mills and factories once stood. Today, businesses like the Fairmont Chemical Company provide jobs to several local communities. The population of the city is just 18,000, and Fairmont has a strong sense of civic pride.
Buying a Home in Fairmont
For a location with such beautiful surroundings, housing costs in Fairmont remain low. The median price of a home is $92,100, and those who opt for a mortgage loan can expect to pay $925 per month on average. Almost 60% of the homes in the city are owner-occupied, making the local housing market somewhat competitive.
The average home in Fairmont is less than 25 years old, but almost 30% of the housing units are significantly older. Slightly more than half of the city's housing units are medium-sized to large with three or more bedrooms. Families will appreciate the open floor plans and spacious rooms of many dwellings in this city.
Popular Neighborhoods in Fairmont
The Norwood neighborhood sits on the banks of the Monongahela River and is one of the most affordable in the city. Homes in this area have a median value of just $83,000. Norwood has a mixed demographic of singles and married couples, and many age groups are represented. The neighborhood offers easy access to many businesses and municipal offices. The Bellview neighborhood sits on the west side of the Monongahela River and is also close to Fairmont State University. Many college students call this area home. It is a very walkable area with many retail establishments close by.
Buying vs. Rent to Own Homes
Those who are considering a home purchase in Fairmont or any other city in the United States should know that qualifying for a home loan in today's market can be difficult. This is especially true for first-time buyers. In many cases, a rent to own home is an excellent way to avoid a traditional mortgage and the stress that comes with it. These opportunities permit the prospective buyer to live in the home while a portion of each month's rent is applied to eventual ownership.
Summary With the beautiful Monongahela River forming an elegant backdrop, Fairmont, West Virgina is a peaceful community that has a small population of just 18,000. It is known for being the home of Olympian Mary Lou Retton and college football coach Nick Saban. State Parks and rolling countryside make this a perfect location for those who appreciate the great outdoors and simple living.
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
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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