Rent to Own Homes in Lebanon
The city of Lebanon is located in the southwestern corner of Ohio, approximately 25 miles south of Dayton and about 35 miles north of Cincinnati. Interstate 71 crosses the southern edge of the city, and U.S. Highway 42 cuts through the center of town. There are a variety of outdoor recreation areas located within city limits, including Harmon Golf Club, Pleasant Park, Harmon Park, Bowman Nature Area, Tecumseh Trails Playground and Jarod Park.The below results are primarily rent to own homes in :
The city of Lebanon is located in the southwestern corner of Ohio, approximately 25 miles south of Dayton and about 35 miles north of Cincinnati. Interstate 71 crosses the southern edge of the city, and U.S. Highway 42 cuts through the center of town. There are a variety of outdoor recreation areas located within city limits, including Harmon Golf Club, Pleasant Park, Harmon Park, Bowman Nature Area, Tecumseh Trails Playground and Jarod Park.The below results are primarily rent to own homes in :
Lebanon residents are also a short drive from other natural areas that provide opportunities for hiking and other outdoor activities. Some of the region's biggest attractions include Caesar Creek State Park, Shaker Run Golf Club, Voice of America MetroPark and Heritage Oak Park. The Kings Island amusement park is less than 10 miles to the south. As of the 2010 census, there were more than 20,000 people residing within Lebanon city limits. The city is a part of Warren County and the Cincinnati Metropolitan Area. All students in the area are served by the Lebanon City Schools district, which includes one primary school, one elementary school, one intermediate school, one junior high school and one high school. Residents of all ages can also take advantage of the local YMCA and other family-friendly entertainment venues.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
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
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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