Rent to Own Homes in Frankfort
Frankfort is located just north of Interstate 64 in northern Kentucky, approximately 50 miles east of Louisville and 25 miles northwest of Lexington. The Kentucky River runs through the center of town, splitting the city into East and West Frankfort. Other prominent regions of the city include the South Frankfort districts and downtown Frankfort,... Read More
Frankfort is located just north of Interstate 64 in northern Kentucky, approximately 50 miles east of Louisville and 25 miles northwest of Lexington. The Kentucky River runs through the center of town, splitting the city into East and West Frankfort. Other prominent regions of the city include the South Frankfort districts and downtown Frankfort, which are also separated by the river. This region of the United States is known for intense temperatures throughout the year, which includes extreme heat in the summer.
In 2010, there were approximately 25,000 residents in Frankfort. The city's biggest attractions include the Kentucky State Capitol Building, the Kentucky Governor's Mansion and the Capitol City Museum. The Buffalo Terrace Distillery is also a major point of interest, along with the Kentucky Military History Museum, the Old Statehouse and the Buckley Wildlife Sanctuary.The below results are primarily rent to own homes in Franklin County, KY:
Frankfort is located just north of Interstate 64 in northern Kentucky, approximately 50 miles east of Louisville and 25 miles northwest of Lexington. The Kentucky River runs through the center of town, splitting the city into East and West Frankfort. Other prominent regions of the city include the South Frankfort districts and downtown Frankfort,... Read More
Frankfort is located just north of Interstate 64 in northern Kentucky, approximately 50 miles east of Louisville and 25 miles northwest of Lexington. The Kentucky River runs through the center of town, splitting the city into East and West Frankfort. Other prominent regions of the city include the South Frankfort districts and downtown Frankfort, which are also separated by the river. This region of the United States is known for intense temperatures throughout the year, which includes extreme heat in the summer.
In 2010, there were approximately 25,000 residents in Frankfort. The city's biggest attractions include the Kentucky State Capitol Building, the Kentucky Governor's Mansion and the Capitol City Museum. The Buffalo Terrace Distillery is also a major point of interest, along with the Kentucky Military History Museum, the Old Statehouse and the Buckley Wildlife Sanctuary.The below results are primarily rent to own homes in Franklin County, KY:
As the state's capital city, it's no surprise that a large percentage of Frankfort residents are employed by the city or state governments. There are also a variety of service-oriented and retail jobs in the city, and manufacturing for the automotive industry has been a major source of employment in modern times. The stability of the economy is one of the city's biggest attributes.
Buying a Home in Frankfort?
Frankfort has an active real estate market, so you can expect to find hundreds of homes for sale at any given time. Real estate prices can drop 20 percent or more below the national average at times, and the median listing price is typically below $150,000. The median home size is close to 2,000 square feet, and it's common for buyers to pay around $100 per square foot on average. Some neighborhoods do command much higher real estate prices.
Buying vs Rent to Own Homes?
Rent-to-own homes make it possible for more people to purchase houses without upfront investment. This special contract starts with a rental agreement while extending the option of purchasing the property before the end of the contract. In most cases, the renter is given a year or longer to purchase the property. This is a good deal for anyone interested in buying a new home in the next few years. Once you buy the property, you don't have to move because you're already settled.
If you're interested in a government job and live in northern Kentucky, you will probably find Frankfort attractive. As the state's capital, this city boasts a healthy economy that features government opportunities as well as a variety of service-oriented, retail and manufacturing jobs. Many residents also appreciate that the cost of living in Frankfort is slightly below the national average. With a good job, this is a city with many opportunities for those interested in buying a home and settling down for the long term.
Summary
If you're interested in a government job and live in northern Kentucky, you will probably find Frankfort attractive. As the state's capital, this city boasts a healthy economy that features government opportunities as well as a variety of service-oriented, retail and manufacturing jobs. Many residents also appreciate that the cost of living in Frankfort is slightly below the national average. With a good job, this is a city with many opportunities for those interested in buying a home and settling down for the long term.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
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.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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