Rent to Own Homes in Florence
Florence is nestled in the northern Kentucky countryside, approximately 10 miles south of Cincinnati, Ohio. This Boone County city lies within the Cincinnati/Northern Kentucky metropolitan area. According to the United States Census Bureau, the population of Florence is more than 32,000 residents.The below results are primarily rent to own homes in :
Florence is nestled in the northern Kentucky countryside, approximately 10 miles south of Cincinnati, Ohio. This Boone County city lies within the Cincinnati/Northern Kentucky metropolitan area. According to the United States Census Bureau, the population of Florence is more than 32,000 residents.The below results are primarily rent to own homes in :
Children living in Florence are served by Boone County Schools. The district consists of 14 elementary schools, five middle schools and four high schools. Boone County Schools is a highly accomplished school system, with several students and teachers as the recipients of numerous local, state and national awards. As residents travel through Florence, they can't help but smile at one of northern Kentucky's most unique landmarks. A water tower proclaiming, Florence Y'all stands proudly within view of Interstate 75 and Interstate 71. The water tower was originally intended to advertise the up-and-coming Florence Mall. Since the mall was not yet built, the tower was found to be in violation of highway laws. A speedy paint job changed the statement from Florence Mall" to "Florence
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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