Rent to Own Homes in Keizer
Keizer is a growing city that rests just east of the Willamette River in northwestern Oregon. The city is off Interstate 5 and is home to the McNary Golf Club, Willow Lake Golf Center, Bob Newton Park, Northridge Park, Claggett Creek Park, Wallace House Park and Keizer Little League Park. Volcanoes Stadium sits in the northeastern corner of the city, and the Keizer Rapids Park, Amphitheater and Boat Ramp is located just outside of city limits.The below results are primarily rent to own homes in :
Keizer is a growing city that rests just east of the Willamette River in northwestern Oregon. The city is off Interstate 5 and is home to the McNary Golf Club, Willow Lake Golf Center, Bob Newton Park, Northridge Park, Claggett Creek Park, Wallace House Park and Keizer Little League Park. Volcanoes Stadium sits in the northeastern corner of the city, and the Keizer Rapids Park, Amphitheater and Boat Ramp is located just outside of city limits.The below results are primarily rent to own homes in :
The city that we now know as Keizer, Oregon, was originally settled by Thomas Dove Keizur in an area known as Keizer Bottom. Growth was slow in the early days of settlement due to frequent flooding that scared away many potential residents. Dams to control the floodwaters were created in the 1950s, and the community grew to more than 20,000 residents by 1990. By 2016, there were more than 35,000 people residing within Keizer city limits. Slow but consistent growth is expected in years to come. Today, Keizer is known as home to the Keizer Heritage Community Center, which contains the Keizer Heritage Museum. Residents take to the streets for the Iris Festival every May, and a large neighborhood Christmas light display attracts visitors from surrounding areas in December. Keizer residents are served by the Keizer School District.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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