Rent to Own Homes in Menasha
Menasha is a small city that rests on the northern shores of Lake Winnebago in eastern Wisconsin. Little Lake Butte des Morts runs along the western edge of the city and then continues north as Fox River. This area is located approximately five miles south of Appleton and about 15 miles north of Oshkosh. This region of the state is home to many outdoor recreation areas, including Wittmann Park, Koslo Park, Fritsch Park, Palisades Park, Pierce Park, Reid Municipal Golf Course and Arrowhead Park.The below results are primarily rent to own homes in :
Menasha is a small city that rests on the northern shores of Lake Winnebago in eastern Wisconsin. Little Lake Butte des Morts runs along the western edge of the city and then continues north as Fox River. This area is located approximately five miles south of Appleton and about 15 miles north of Oshkosh. This region of the state is home to many outdoor recreation areas, including Wittmann Park, Koslo Park, Fritsch Park, Palisades Park, Pierce Park, Reid Municipal Golf Course and Arrowhead Park.The below results are primarily rent to own homes in :
Due to its prime location on multiple large bodies of water, industrial companies were historically drawn to the city of Menasha. There is still an industrial presence in the city, but they are shifting to using the water more for recreation than business. There are a growing number of water access points open to the public, and many people who work in the city take the time to eat lunch by the water or take waterfront walks. Many residents appreciate views of the water from the windows of their homes. Menasha rests partly in Winnebago County and partly in Calumet County. The city is home to the University of Wisconsin – Fox Valley, and the school's campus features the Weis Earth Science Museum and the Barlow Planetarium. The local public school system includes nearly 10 elementary schools, four middle schools and two high schools.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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