Rent to Own Homes in Marion

Marion residents have the luxury of traveling to nearby cities for employment, education, entertainment and outdoor recreation. Some of the area’s biggest attractions include the Harding Home Museum, the Marion County Historical Society, the Buckeye Telephone Museum and the Huber Machinery Museum. Those interested in spending time outdoors have access to Quarry Park and the Marion Tallgrass Trail.

Buying a Home in Marion

The low cost of living is one of the biggest perks to living in Marion, Ohio. It’s common to see the median listing price fall below $100,000 as the housing market dips more than 50 percent below the national average. You can often find homes listed for $50,000 or less with three to four bedrooms, but you should consider the condition of the home and the surrounding neighborhood before making a final buying decision. There are some neighborhoods with newer and larger homes that may sell for much higher prices.

Buying vs Rent to Own Homes

If you need to move soon but aren’t ready to secure financing for a home, rent-to-own homes in Marion may help you out. These properties remain within the control of the current owner while you start out as a renter. You have a designated period of time in which you have the option to purchase the home. If you don’t buy the home on time, you will likely need to move out of the home when your contract ends.

Summary

Marion is positioned less than a two-hour drive from Lake Eerie and within 50 miles of Columbus, Ohio. The city was historically an industrial hub, and most of the jobs in the region today are in manufacturing, healthcare and education. Some government jobs are available in this region as well. Residents in this town have access to an assortment of historical museums plus some scenic parks for outdoor recreation. They can also commute to nearby cities for employment, recreation, education and entertainment.

Rent to Own Realtors

You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.

That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.

While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.

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.