Rent to Own Homes in Grove City
Located in Central Ohio, Grove City encompasses 16.36 square miles of land and water. It has an estimated... Read More
Located in Central Ohio, Grove City encompasses 16.36 square miles of land and water. It has an estimated 2017 population of 41,022, according to the United States Census Bureau. A little more than a quarter of Grove City's 41,022 residents is under the age of 18, but the median age of the population is 37.8 years old. The average household size in Grove City is 2.53 persons, and the average family size is slightly greater at 3.04 persons.The below results are primarily rent to own homes in :
Located in Central Ohio, Grove City encompasses 16.36 square miles of land and water. It has an estimated... Read More
Located in Central Ohio, Grove City encompasses 16.36 square miles of land and water. It has an estimated 2017 population of 41,022, according to the United States Census Bureau. A little more than a quarter of Grove City's 41,022 residents is under the age of 18, but the median age of the population is 37.8 years old. The average household size in Grove City is 2.53 persons, and the average family size is slightly greater at 3.04 persons.The below results are primarily rent to own homes in :
Grove City is part of Franklin County and just 10 miles south of Columbus and 70 miles east of Dayton. Traveling to those cities from Grove City is convenient, thanks to the town's access to highways and interstates. Interstate 71 and Highway 62 run directly through town, and Interstate 270 travels along Grove City’s northern border. Several other state and U.S. highways are just outside of Grove City, including highways 23, 40 and 104. With Grove City’s recent growth, many residents find everything they need in town. Today, Grove City boasts more than 1,200 businesses and 25,000 jobs representing a number of different industries, including clean manufacturing, logistics and research and development. Grove City is led by an elected city council and mayor. The town offers residents a wide range of services and facilities, including 21 public parks, hundreds of recreation and lifelong-learning classes and a family aquatic center, The Big Splash.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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