Rent to Own Homes in Oxford
Most notably home to Miami University, Oxford is just 40 miles northwest of Cincinnati. There are about 23,000 residents in Oxford, which is part of Butler County and Oxford Township.The below results are primarily rent to own homes in :
Most notably home to Miami University, Oxford is just 40 miles northwest of Cincinnati. There are about 23,000 residents in Oxford, which is part of Butler County and Oxford Township.The below results are primarily rent to own homes in :
Higher education has always played an important role in Oxford life. Miami University was founded in 1809, and the town was created around the university in 1810. Reaffirming the town’s commitment to higher education,Oxford became a prime location for several other colleges too. Oxford Female Institute was established in 1849, later becoming Oxford Female College and then Oxford College for Women. Through the decades, Miami University absorbed these local colleges,, including Oxford College for Women in 1928,. Today, Miami University awards bachelor’s degrees in more than 120 subject areas. One of the most notable sites on the Miami University campus is its memorial to the 1964 Freedom Summer. The memorial honors those who participated in the Freedom Summer, engraving the movement's events in limestone benches that are shaded by three steel trees" sculpted by Miami University students. Oxford also offers several community festivals and activities like Uptown Music Concerts and the Oxford Wine Festival. The Oxford Wine and Craft Beer Festival is one of Oxford’s most popular events held each June in Uptown Parks. The Oxford Wine and Craft Beer Festival is coordinated by the Oxford Chamber of Commerce and was twice voted as the best wine festival by Ohio Magazine readers."
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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