Rent to Own Homes in Olympia
While the city is just an hour southwest of urban Seattle, Olympia maintains a relaxed ambiance.... Read More
While the city is just an hour southwest of urban Seattle, Olympia maintains a relaxed ambiance. It celebrates education with superb public schools administered by Olympia School District. It also offers treasured alternative schools such as Olympia Waldorf School and Olympia Community School, a top-notch facility that is the oldest independent elementary school in the county. The below results are primarily rent to own homes in Thurston County, WA:
While the city is just an hour southwest of urban Seattle, Olympia maintains a relaxed ambiance.... Read More
While the city is just an hour southwest of urban Seattle, Olympia maintains a relaxed ambiance. It celebrates education with superb public schools administered by Olympia School District. It also offers treasured alternative schools such as Olympia Waldorf School and Olympia Community School, a top-notch facility that is the oldest independent elementary school in the county. The below results are primarily rent to own homes in Thurston County, WA:
Locals also enjoy the city’s many art, music and theatrical venues, from Olympia Little Theater to Olympia Film Society’s film festival. These venues and events are just part of what makes downtown Olympia a hubbub of lively activity and entertainment.
To the south of the city, locals enjoy a variety of other amenities and services. Heading to the rural Tumwater border, Olympia locals can access the convenient Olympia Regional Airport and a host of other appealing parks and neighborhoods.
Buying a Home in Olympia?
Home prices throughout Washington increased at nearly double the national rate last year, and Olympia prices have followed that pattern somewhat. Although prices increased 6 percent in 2016, there are still many affordable homes here. The average asking price of a three-bedroom, 1,800-square-foot home is $330,000. Bargain-minded house hunters will find a variety of smaller homes and townhouses in the range of $120,000 to $160,000.
Washington makes buying a home more affordable with a number of programs, including low-cost home loans and downpayment assistance programs. You can check program availability and eligibility with the Washington State Housing Finance Commission.
Popular Neighborhoods in Olympia?
House hunters who want to live close to downtown, the Capitol, Capitol Lake and Watershed Park enjoy the homes in South Capitol and Wildwood neighborhoods. These neighborhoods have mostly established homes and condos with access to good schools. There are equally nice homes and amenities in the Northeast neighborhood, where residents enjoy Bigelow Lake, Mission Creek Nature Park, Priest Point Park and excellent schools. In West Olympia, homes are vintage and well-kept. West Olympia schools are extremely highly rated, and Capital Mall is nearby.
Buying vs. Rent to Own Homes ?
In a town like Olympia where home prices are rising, renting to own a home is a money-saving option for many buyers. Even if you’re not quite ready financially to buy a home using conventional methods, a rent to own home may be a good avenue. With a rent to own home, you “buy” the home at today’s price, but you delay the need for a mortgage. For the contract period, you'll rent the home, making monthly rent and nominal rental premium payments. This process allows you to lock in the price of the home while making monthly progress toward homeownership.
Olympia was the top most secure mid-sized city in 2010, and it continues to be a safe, comfortable town. While home prices rose throughout Washington, there are still some affordable options in Olympia. Neighborhoods throughout the city are appealing too. Most areas of town are pleasant places to build a life. Whether you choose a cute Cape Cod bungalow in West Olympia or a ranch-style home in the Northeast neighborhood, you’ll have access to excellent schools, many parks and superb entertainment.
Summary
Olympia was the top most secure mid-sized city in 2010, and it continues to be a safe, comfortable town. While home prices rose throughout Washington, there are still some affordable options in Olympia. Neighborhoods throughout the city are appealing too. Most areas of town are pleasant places to build a life. Whether you choose a cute Cape Cod bungalow in West Olympia or a ranch-style home in the Northeast neighborhood, you’ll have access to excellent schools, many parks and superb entertainment.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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.
- 98501
- 98503
- 98513
- 98502
- 98512
- 98516
- 98506
- 98507
- 98509
- 98508
- 98511
- 98599
- 98505
- 98504