Rent to Own Homes in Kent
Motor racing is a popular pastime for those living in this area. Kent is home to the PGP Motorsports Park and Pacific Raceways. Another hot spot is Kent Station, where residents go to shop, dine or simply pass their free time. A movie theater and other forms of family-friendly entertainment are found in this area, and the Kent Valley Ice Centre gets a lot of attention for its fun ice skating rink.
To add a little culture into your life, you may want to visit the Greater Kent Historical Society Museum to learn more about the local area. For outdoor recreation, consider spending time on the water or heading out to the Green River Natural Resources Area. The Riverbend Golf Complex is a nice place to stretch your legs and blow off some steam as well.
Buying a Home in Kent?
Though you may see many homes listed close to or above the $400,000 mark, the median sales price for this city is closer to $330,000. Sellers receive an average of two or three offers before closing on their homes, so you may need to place an aggressive offer if you find a home that fits your needs perfectly. Most of the public schools in Kent are rated highly, so you don't have to worry about selecting a neighborhood that will place your child in the best school district. Pay more attention to your commute time for work and the entertainment venues that you're most likely to frequent.
Popular Neighborhoods in Kent?
The most popular neighborhood in Kent is located in the southeastern tip of the city. It's called Lake Morton-Berrydale and features mainly medium and large homes with at least three bedrooms. This is a safe community for families, and there are several elementary schools in the area. Most of the homes are occupied by their owners, and the vacancy rate for the neighborhood is less than two percent. Most neighborhoods along the eastern edge of town will also keep you close to quality schools in areas with low crime rates.
Buying vs. Rent to Own Homes?
A rent-to-own home allows you to eventually purchase a home after spending a year or longer renting. Instead of living in a rental home and then moving into your permanent home after you make a purchase, you can move into your everyday home right from the start. The rental period gives you time to prepare for the home-buying process, and you may end up with a much lower interest rate than you would qualify for if you applied for a mortgage loan today.
Cost of Living in Kent?
The housing index in Kent is often 30-40 percent higher than the national average, and the city's overall cost of living is approximately 15-20 percent higher than national average. From utilities and transportation to the cost of bread or a computer, you can expect to pay prices that are 10 percent higher than average. There are some budget-friendly homes in the area, so make sure that you don't overextend your budget when shopping for your new home.
Kent is a waterside community located directly on the Puget Sound in northwestern Washington state. While this is a beautiful area that allows residents to enjoy a variety of outdoor activities, it's also home to a large open-air market where community members can come together to shop, dine or just hang out with friends. Whether you enjoy visiting museums or attending the theater, you'll find a way to pass your spare time in this vibrant city. There are also many large companies offering jobs to residents.
Summary
Kent is a waterside community located directly on the Puget Sound in northwestern Washington state. While this is a beautiful area that allows residents to enjoy a variety of outdoor activities, it's also home to a large open-air market where community members can come together to shop, dine or just hang out with friends. Whether you enjoy visiting museums or attending the theater, you'll find a way to pass your spare time in this vibrant city. There are also many large companies offering jobs to residents.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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