Rent to Own Homes in Granite Falls
Granite Falls is located in the northwestern region of Washington State, approximately 45 miles north of Seattle. Residents in this Snohomish County city experience a laid-back way of life amidst the rapid growth of nearby Everett. According to the United States Census Bureau, the population of Granite Falls is just over 3,500 residentsThe below results are primarily rent to own homes in :
Granite Falls is located in the northwestern region of Washington State, approximately 45 miles north of Seattle. Residents in this Snohomish County city experience a laid-back way of life amidst the rapid growth of nearby Everett. According to the United States Census Bureau, the population of Granite Falls is just over 3,500 residentsThe below results are primarily rent to own homes in :
Children in Granite Falls may attend Granite Falls School District as a public school option. Mountain Way Elementary serves students in kindergarten through second grade, while Monte Cristo Elementary serves students in third through fifth grade. Granite Falls Middle School, Granite Falls High School and Crossroads High School serve students in upper grades. The school system was established in the late 1800's and was originally known as Granite Falls District #1. Granite Falls' close proximity to the Cascade Mountains has earned it the nickname, Gateway to the Mountain Loop." Its central Snohomish County location is a playground for outdoor enthusiasts. Nearby rivers and lakes offer boating fishing and paddle sports for water-minded individuals. Residents can explore their striking surroundings on foot with hiking trails suited to all skill levels. Campgrounds are numerous along Mountain Loop Highway the route to the Cascade Mountains."
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
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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