Rent to Own Homes in Grandville
Located along the lush Grand... Read More
Located along the lush Grand River, Grandville is one of Grand Rapids’ earliest suburbs. The Michigan city of Grandville is now a presence in its own right, the hometown of about 16,000 residents. The United States Census Bureau estimates that Grandville has grown about four percent in the past six years. The United States Census Bureau also reports that local Grandville homes have a median value of about $139,000, compared to nearby Grand Rapids’ median home value of about $113,600.The below results are primarily rent to own homes in :
Located along the lush Grand... Read More
Located along the lush Grand River, Grandville is one of Grand Rapids’ earliest suburbs. The Michigan city of Grandville is now a presence in its own right, the hometown of about 16,000 residents. The United States Census Bureau estimates that Grandville has grown about four percent in the past six years. The United States Census Bureau also reports that local Grandville homes have a median value of about $139,000, compared to nearby Grand Rapids’ median home value of about $113,600.The below results are primarily rent to own homes in :
Many of Grandville’s shopping and dining options are concentrated on the southern end of town, in and near Rivertown Crossings Mall. Rivertown Crossings Mall offers more than 130 stores, restaurants and service companies. Nearby, locals also enjoy shopping and dining at Bucktown Shopping Center, anchored by Cabela’s and Target. Grandville has a vibrant downtown, where locals work and play. In summer and fall, downtown is especially festive during Tuesday morning farmers markets. Pubs, coffee houses, microbreweries and eateries are located throughout the downtown area. The city’s administrative offices, along with the Grandville Police and court facility are located on downtown’s Wilson Avenue SW. River recreation is a popular pastime for Grandville residents, with the river providing excellent kayaking, canoeing and boating opportunities. Grandville’s Grand River Waterfront offers a boat launch area and a bike trail linking into the riverfront Kent Trail system. The city’s Buck Creek Trail provides access to Buck Creek, the Grand River and 2.1 miles of paved, marked pathway.
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
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.
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