Rent to Own Homes in Globe
The historic city of Globe is located in central Arizona, less than two hours away from Phoenix and Tucson. Although it has a small population of approximately 7,400 residents, it serves as the county seat of Gila County. It is known as the "City of Hospitality" for the warm and welcoming nature of its residents. The San Carlos Apache Reservation is located just east of Globe, with beautiful lands for camping and fishing.The below results are primarily rent to own homes in :
The historic city of Globe is located in central Arizona, less than two hours away from Phoenix and Tucson. Although it has a small population of approximately 7,400 residents, it serves as the county seat of Gila County. It is known as the "City of Hospitality" for the warm and welcoming nature of its residents. The San Carlos Apache Reservation is located just east of Globe, with beautiful lands for camping and fishing.The below results are primarily rent to own homes in :
Globe was originally founded as a mining town in the 1870's. Present-day Globe economy remains focused on mining, with over 20% of jobs related to copper mining and processing. The city of Globe Downtown Historic District is reminiscent of the Old West with unique shops, dining and tours. The Globe Theater is a popular downtown attraction. Although the original structure was lost to a fire in 2005, it was rebuilt to preserve the art deco style and historic spirit of the theater, complete with the original marquee. Globe is home to several structures on the National Registry of Historic Places. Globe High School also has historical significance as one of the oldest high schools in the state of Arizona. The Gila County Historical Museum offers history enthusiasts a glimpse into the rich past of the area.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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