Rent to Own Homes in Grand Forks
Grand Forks is a growing city in eastern North Dakota that is positioned just off Interstate 29 and U.S. Route 2. This location is about 80 miles north of Fargo and 130 miles south of the Canadian border. Residents are within a two-hour drive of the Chippewa National Forest and Beltrami Island. The Pine Island National Forest is within a three-hour drive of the city’s center. Some of the outdoor attractions located within or closer to town include Folsom Park, Lincoln Drive Park, Central Park, Lincoln Park Golf Course, Lafave Park, Red River State Recreation Area and Valley Golf Course.The below results are primarily rent to own homes in :
Grand Forks is a growing city in eastern North Dakota that is positioned just off Interstate 29 and U.S. Route 2. This location is about 80 miles north of Fargo and 130 miles south of the Canadian border. Residents are within a two-hour drive of the Chippewa National Forest and Beltrami Island. The Pine Island National Forest is within a three-hour drive of the city’s center. Some of the outdoor attractions located within or closer to town include Folsom Park, Lincoln Drive Park, Central Park, Lincoln Park Golf Course, Lafave Park, Red River State Recreation Area and Valley Golf Course.The below results are primarily rent to own homes in :
East Grand Forks is the hot spot for residents interested in living close to a variety of outdoor recreation opportunities. The city’s eastern border is lined with parks, golf courses and other green spaces suitable for a growing list of activities enjoyed by residents of all ages. The University of North Dakota maintains a campus on the northern end of the city, and the King’s Walk Golf Course is a big attraction for southern Grand Forks. The Grand Forks International Airport fills the northwestern corner of the city, and residents can reach Northland Community and Technical College in about five minutes from the center of town. This area of the state is well known as home to the Grand Forks Air Force Base.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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