Rent to Own Homes in Keyser
The seat of Mineral County, Keyser counts more than 5,400 people among its residents. The town is located in northeast West Virginia, and it’s considered to be part... Read More
The seat of Mineral County, Keyser counts more than 5,400 people among its residents. The town is located in northeast West Virginia, and it’s considered to be part of the larger Cumberland Maryland Metropolitan Statistical Area. The North Branch of the Potomac River flows along the city’s northern border, with the Memorial Bridge connecting residents to Maryland across the river.The below results are primarily rent to own homes in :
The seat of Mineral County, Keyser counts more than 5,400 people among its residents. The town is located in northeast West Virginia, and it’s considered to be part... Read More
The seat of Mineral County, Keyser counts more than 5,400 people among its residents. The town is located in northeast West Virginia, and it’s considered to be part of the larger Cumberland Maryland Metropolitan Statistical Area. The North Branch of the Potomac River flows along the city’s northern border, with the Memorial Bridge connecting residents to Maryland across the river.The below results are primarily rent to own homes in :
Keyser has had a string of names, beginning as Paddytown and changing to Paddy Town, Wind Lea and New Creek Station before a final name was chosen in 1875. The town was named for Baltimore & Ohio Railroad official William Keyser. William Keyser was the first vice president for the railroad. The town also shares its name with the great limestone mass, the Keyser Formation, which is located north of town, spanning four states and preserving thousands of ancient fossils. Education plays an important role in Keyser life. Local children attend public schools operated by Mineral County Schools, including Keyser Primary School, Fountain Primary School, Kayser Middle School and Keyser High School. Keyser Primary School is the newest school in town, built in 2013, featuring a library and media room, a band and music room and a gymnasium. Beyond high school, area residents are fortunate to have access to Keyser’s Potomac State College. Students here are able to pursue associate and bachelor degrees through Potomac State College’s coordination with West Virginia State University. The college has historic relevance too. It sits on the same hill that once was home to Fort Fuller, one of the area’s most important Civil War posts.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
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.
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