Rent to Own Homes in Griffith
The town of Griffith is split between Calumet... Read More
The town of Griffith is split between Calumet Township and St. John Township, both of which are located in Lake County which sits on the northwestern border of the state of Indiana. Major routes of transportation in the area are focused on Interstate 65, the Indiana Toll Road US 30, the Borman Expressway, and the Indiana Toll Road US 41. The closest Amtrak station resides in the town of Whiting. For longer distance traveling, Griffith residents use the Gary and Chicago International Airport. There are more than six thousand households in the town's limits with 44.6% housing married couples and 17.7% with a single female householder.The below results are primarily rent to own homes in :
The town of Griffith is split between Calumet... Read More
The town of Griffith is split between Calumet Township and St. John Township, both of which are located in Lake County which sits on the northwestern border of the state of Indiana. Major routes of transportation in the area are focused on Interstate 65, the Indiana Toll Road US 30, the Borman Expressway, and the Indiana Toll Road US 41. The closest Amtrak station resides in the town of Whiting. For longer distance traveling, Griffith residents use the Gary and Chicago International Airport. There are more than six thousand households in the town's limits with 44.6% housing married couples and 17.7% with a single female householder.The below results are primarily rent to own homes in :
Both the Griffith Truck Depot and the E.J. and E. Griffith Interlocking Tower, located in Griffith, are on the National Register of Historic Places. The Griffith Truck Depot is an historic train station that was built in 1911 and covers a total area of 20 by 30 feet. The station stopped running in 1980 and was moved to stand as a part of the Griffith Historic Park and Railroad Museum that same year. The E.J. and E. Griffith Interlocking Tower was built in 1924 and stands 30 feet tall, 16 feet wide, and 25 feet long. It was in operation until 1999 and was also moved to the Griffith Historic Park and Railroad Museum shortly after.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
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
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.
- 46319