Rent to Own Homes in Lakewood
The city itself is a relatively new institution, having been incorporated officially in 1996 from the area previously known as the Lakes District. It is home to major area landmarks, including Fort... Read More
The city itself is a relatively new institution, having been incorporated officially in 1996 from the area previously known as the Lakes District. It is home to major area landmarks, including Fort Steilacoom Park. The below results are primarily rent to own homes in Pierce County, WA:
The city itself is a relatively new institution, having been incorporated officially in 1996 from the area previously known as the Lakes District. It is home to major area landmarks, including Fort... Read More
The city itself is a relatively new institution, having been incorporated officially in 1996 from the area previously known as the Lakes District. It is home to major area landmarks, including Fort Steilacoom Park. The below results are primarily rent to own homes in Pierce County, WA:
Schools in Lakewood are operated by the Clover Park School District. The city is also home to two colleges, Pierce College Fort Steilacoom and Clover Park Technical College.
Lakewood has a strong connection to local military bases. It is home to the Joint Base Lewis-McChord, the largest joint military base on the West Coast, and it also borders Camp Murray, home to the Washington National Guard.
The city is home to 3,500 businesses and also has a wide-ranging international community, with a diverse array of shops and restaurants available in the city, including Korean, Vietnamese, Chinese, Latino and other options.
The city offers 14 public parks and recreation sites, including the 340-acre Fort Steilacoom Park. American Lake Park includes a three-lane boat launch and a swimming beach. Throughout the city, you can find natural areas for exploration, lakes and creeks, and hiking and biking trails alongside children's playgrounds.
Lakewood is home to Lakewold Gardens, a 10-acre nationally registered historic site with rare and native plants, as well as four golf courses, drawing on the area's history as a home of outdoor recreation. The city has been named one of the 100 best communities for young people in the United States.
Buying a Home in Lakewood?
With a bustling economy and an active downtown amid stunning natural beauty, Lakewood is an excellent place in the Pacific Northwest to call home. While the city is not far from one of the nation's most desirable real estate market, it offers some affordable and accessible opportunities for homebuyers. The median value of a home in the city is $257,900, while the median listing price of a home in Lakewood is $249,925. Home prices in the city have risen distinctly and consistently since 2012 and are expected to continue their upward trend.
Popular Neighborhoods in Lakewood?
The Tillicum neighborhood in Lakewood borders the Tacoma golf course as well as American Lake, making it an excellent choice for people who enjoy outdoor recreational opportunities. In addition, the area surrounding Lakewold Gardens offers many outstanding single-family homes with lawns and room for kids to play in a family-friendly environment. Areas around the Fort Steilacoom Park are also very desirable, with close access to great recreational activities.
Buying vs. Rent to Own Homes?
When you are preparing to make your permanent home in Lakewood, you'll need a substantial down payment and a good credit score for an advantageous mortgage rate. If you want to put down roots in Lakewood but need more time to prepare to purchase, a rent to own home may be a good option for you. You'll move in right away and make an agreement to buy the home; however, you'll prepare financially as you rent the home for a set period. This kind of home purchase can help ease your path to homeownership.
With easy access to the entire Tacoma area and the outstanding natural beauty of the Pacific Northwest, Lakewood can be a great choice for families, couples and individuals. It offers a wide array of recreational and cultural activities in a solid and growing economy.
Summary
With easy access to the entire Tacoma area and the outstanding natural beauty of the Pacific Northwest, Lakewood can be a great choice for families, couples and individuals. It offers a wide array of recreational and cultural activities in a solid and growing economy.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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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