Rent to Own Homes in Lawrenceburg
Lawrenceburg is a growing city in central Kentucky that rests between the Kentucky River and U.S. Route 127. This location is approximately 13 miles south of Frankfort and about 25 miles west of Lexington. This area of the state is home to the Rising Sons Home Farm Winery, Four Roses Distillery, Josephine Sculpture Park, Lovers Leap Vineyard and the Wild Turkey Distillery. The Lawrenceburg Visitor Center is a good resource for visitors interested in exploring the city’s history, and there are a variety of attractions within and surrounding the city for wine enthusiasts.The below results are primarily rent to own homes in :
Lawrenceburg is a growing city in central Kentucky that rests between the Kentucky River and U.S. Route 127. This location is approximately 13 miles south of Frankfort and about 25 miles west of Lexington. This area of the state is home to the Rising Sons Home Farm Winery, Four Roses Distillery, Josephine Sculpture Park, Lovers Leap Vineyard and the Wild Turkey Distillery. The Lawrenceburg Visitor Center is a good resource for visitors interested in exploring the city’s history, and there are a variety of attractions within and surrounding the city for wine enthusiasts.The below results are primarily rent to own homes in :
The land now occupied by the city of Lawrenceburg started out as Kaufman’s Station in the 1780s. A tavern owner named William Lawrence was the inspiration for the name of Lawrenceburgh, which was established in 1817. The city was incorporated in 1820 under the name Lawrence, and the final name of Lawrenceburg was selected in 1827. The population has grown from approximately 300 residents in 1830 to more than 11,000 residents in 2016. It’s likely that the city will continue to expand in years to come. Lawrenceburg residents have access to the Bluegrass Community and Technical College for higher education. The local public school system includes an early childhood education center, several elementary schools, one high school and a variety of private school options.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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