Rent to Own Homes in Fountain
Fountain, Colorado, is located in central El Paso County and is just ten miles south of the downtown sprawl of Colorado Springs. Fountain is also closely situated near the National Army base of Fort Carson, and shared the suburbs of Security and Widefield with northern Colorado Springs. These suburbs and the city of Fountain itself make up the Fountain Valley" area."The below results are primarily rent to own homes in :
Fountain, Colorado, is located in central El Paso County and is just ten miles south of the downtown sprawl of Colorado Springs. Fountain is also closely situated near the National Army base of Fort Carson, and shared the suburbs of Security and Widefield with northern Colorado Springs. These suburbs and the city of Fountain itself make up the Fountain Valley" area."The below results are primarily rent to own homes in :
The city was named for nearby Fountain Creek and was built to serve as a railroad shipping center in 1859. In 1888, a massive train wreck that saw the destruction of a freight train in the city occurred. The wreck was caused by a pair of vagrants who had killed a third man, Frank Shipman, and attempted to cover up the murder by hiding the body in a train car. They then disconnected the train car and Shipman's body, along with three other train cars, headed south toward Fountain. Today, the wreck is known as The Blast." Every year in July the city holds a street dance to commemorate the event and remember the three individuals who were killed in the crash: Charles F. Smith )a Fountain lumber dealer) Henry Hutchins (a merchant)
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
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
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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