Rent to Own Homes in Kent City
Kent City is located on the west side of Michigan's lower peninsula, approximately 20 miles north of Grand Rapids. This Kent County village received its namesake from James Kent, a well-known New York Jurist.The below results are primarily rent to own homes in :
Kent City is located on the west side of Michigan's lower peninsula, approximately 20 miles north of Grand Rapids. This Kent County village received its namesake from James Kent, a well-known New York Jurist.The below results are primarily rent to own homes in :
According to the United States Census Bureau, the population of Kent City is just over 1,100 residents and the population density of the village is estimated at 800 people per square mile. The average household size in Kent City is just under three residents per household. The average family size is somewhat larger, at just over three residents per household. The median income of residents living in Kent City is reported at $37,273 per year. Careers in manufacturing, health care and retail employ nearly half of Kent City residents. Children living in Kent City are served by Kent City Community Schools. The district is small, consisting of one elementary school, one middle school and one high school. Proud residents fill the stands on Friday nights in the fall to support the award-winning Kent City High School Eagles football team. The parks and recreation department operates two parks, serving as gathering places for residents. Each park offers pavilions, playground equipment and plenty of open space for residents to enjoy.
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
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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.
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