Rent to Own Homes in Oak Creek
You’ll find Oak Creek near the shores of Lake Michigan in the southeastern corner of Wisconsin. This growing city is approximately 12 miles south of Milwaukee, 12 miles north of Racine and less than 10 miles east of Franklin. Oak Creek is home to Root River Parkway, which is a large green space that includes the Whitnall Park Beer Garden, picnic shelters, an archery range, a disc golf course, sand volleyball courts and trails for walking and mountain biking. Other attractions within city limits include the Oak Hills Golf Course, Marcus South Shore Cinema, Abendschein Community Park, Camelot Park, Runway Dog Park and Gastrau’s Golf Center.The below results are primarily rent to own homes in :
You’ll find Oak Creek near the shores of Lake Michigan in the southeastern corner of Wisconsin. This growing city is approximately 12 miles south of Milwaukee, 12 miles north of Racine and less than 10 miles east of Franklin. Oak Creek is home to Root River Parkway, which is a large green space that includes the Whitnall Park Beer Garden, picnic shelters, an archery range, a disc golf course, sand volleyball courts and trails for walking and mountain biking. Other attractions within city limits include the Oak Hills Golf Course, Marcus South Shore Cinema, Abendschein Community Park, Camelot Park, Runway Dog Park and Gastrau’s Golf Center.The below results are primarily rent to own homes in :
Oak Creek residents also have easy access to the Oak Creek Parkway, which is located less than three miles to the west. This parkway includes a swimming pool, playground and multiuse nature trail. General Mitchell International Airport is located just north of the city, and an extended region of Root River Parkway is within a 15-minute drive to the west. These attractions allow Oak Creek residents to enjoy active lifestyles year-round while attracting visitors from other areas of Milwaukee County. The Oak Creek Power Plant is located on the southern end of the city. The local economy is largely supported by small businesses in a variety of industries, including manufacturing, agriculture and engineering.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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