Rent to Own Homes in Lincoln
Lincoln’s plentiful services also account for its livability. The city has access to convenient air transportation through the nearby Lincoln Airport, serving 30,000 passengers a month. Residents also enjoy Lincoln’s 125 parks, exciting zoo, spectacular Capitol building, bountiful bike lanes and peaceful Sunken Gardens. These stellar amenities, services and attractions helped Lincoln earn its 2013 Gallup Poll ranking as one of the healthiest and happiest cities in the U.S.
Buying a Home in Lincoln?
Welcoming Lincoln is home to many affordable residences. The average home value here is $199,720, lower than Nebraska’s home value of $201,457 and cheaper than the U.S. home value of $205,531. Median home prices are $131,600, which is also lower than national rates. In addition to economical prices, Lincoln’s housing market is characterized by a wide variety residential options. With 1,344 homes currently on the market, house hunters have plenty of options.
Popular Neighborhoods in Lincoln?
Downtown’s energetic shops and restaurants, proximity to the university and appealing mid-rise apartment buildings attract students, recent graduates and singles. The Everett neighborhood is also close to the university, but its homes are charmingly historic, and its apartment buildings are cozier. The city’s elite once lived in the grand old homes of the Boulevards Historic District, also called the Country Club neighborhood. These brick and mason manses along Sheridan Boulevard are now the favorite of families, established professionals and executives. The Knolls and The Ridge are newer, more exclusive neighborhoods, enlivened by the nearby Knolls Country Club and abundant shopping and dining.
Buying vs. Rent to Own Homes?
Buying a home can be stressful and expensive, requiring countless hours spent securing a mortgage, making offers on houses and saving up a sufficient downpayment. Renting to own a home can alleviate some of those issues, allowing the buyer to pay today’s price for the home but finalize the payment at a later date. Instead of a downpayment, many rent-to-own arrangements ask for a smaller option fee. Instead of a mortgage, most rent-to-own contracts add a premium to the monthly rent to be applied to the downpayment. Best of all, these options give buyers time to take care of financial issues, improve credit scores and build up a downpayment.
Cost of Living in Lincoln?
Living in Lincoln is wonderfully affordable, with an overall cost of living that is 9 percent lower than the national average. Housing is the most affordable living cost at 23 percent below the average. The city’s renowned medical facilities add to its economy and its affordability, leading to healthcare costs that are 6 percent below average. Groceries, too, are inexpensive at 5 percent lower than the norm. Utilities and transportation are slightly more expensive at 7 and 2 percent above average.
Lincoln thrives with low unemployment, a robust hi-tech industry and a high level of education. Homes are inexpensive and range from historic bungalows on tree-lined Sheridan Boulevard to brand-new custom homes in exclusive neighborhoods. Living costs in Lincoln are inexpensive, especially when it comes to housing and healthcare. In fact, Livability.com ranked Lincoln as the 8th most affordable city for healthcare.
Summary
Lincoln thrives with low unemployment, a robust hi-tech industry and a high level of education. Homes are inexpensive and range from historic bungalows on tree-lined Sheridan Boulevard to brand-new custom homes in exclusive neighborhoods. Living costs in Lincoln are inexpensive, especially when it comes to housing and healthcare. In fact, Livability.com ranked Lincoln as the 8th most affordable city for healthcare.
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
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
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