Rent to Own Homes in Grand Island
Grand Island is an east-central Nebraska city that rests just north of the Platte River and Interstate 80. Lincoln is approximately 90 miles to the east, and Omaha is about 130 miles to the northeast. Central Nebraska Regional Airport is located at the northernmost tip of the city, and the Cornhusker Army Ammunition Plant is less than 10 miles to the west.The below results are primarily rent to own homes in :
Grand Island is an east-central Nebraska city that rests just north of the Platte River and Interstate 80. Lincoln is approximately 90 miles to the east, and Omaha is about 130 miles to the northeast. Central Nebraska Regional Airport is located at the northernmost tip of the city, and the Cornhusker Army Ammunition Plant is less than 10 miles to the west.The below results are primarily rent to own homes in :
There are a variety of outdoor recreational areas within and surrounding Grand Island city. Some of the more prominent natural attractions in city limits include Fonner Park, Pier Park, L.E. Ray Park, George Clayton Hall County Park, Stolley Park and Ryder Park. Other local attractions include the Indianhead Golf Club, the Stuhr Museum of the Prairie Pioneer and the Platte Valley Industrial Park. Some of the city's largest employers include JBS, CHI Health St. Francis, Hornady Manufacturing and Grand Island Public Schools. Central Community College is a source of additional jobs in the education field, and there are a variety of small businesses operating from Grand Island as well. This region of Nebraska started out as a small community known as Grand Island Station. There were originally fewer than 2,000 people residing in the area, but the population grew to nearly 50,000 by 2010. Today, the city is a part of the Grand Island Metropolitan Area and boasts an average family size of approximately three people.
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
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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.
Find properties near me with Rent to Own Labs.
- 68801
- 68803
- 68802