Rent to Own Homes in Park Hills
Park Hills sits on the northern boundary of St. Joe State Park on the eastern edge of Missouri. This region is just east of the Mark Twain National Forest, and the Shawnee National Forest is less than a two-hour drive to the east. St. Louis is about 60 miles to the north, and Carbondale, Illinois, is about 85 miles to the east. This location places residents a short drive from many western Illinois cities as well as many opportunities for outdoor recreation.The below results are primarily rent to own homes in :
Park Hills sits on the northern boundary of St. Joe State Park on the eastern edge of Missouri. This region is just east of the Mark Twain National Forest, and the Shawnee National Forest is less than a two-hour drive to the east. St. Louis is about 60 miles to the north, and Carbondale, Illinois, is about 85 miles to the east. This location places residents a short drive from many western Illinois cities as well as many opportunities for outdoor recreation.The below results are primarily rent to own homes in :
This city was created in 1994 through the unification of Flat River and two other cities plus one village. There are now more than 8,000 residents within the new city limits, including more than 2,000 families and more than 3,000 households as of the 2010 census. According to the 2000 census, the city's median income is around $25,000 per household and about $30,000 per family. Park Hills is a family-friendly city with some natural amenities that cater to all age groups. Columbia Park marks the center of town, and all residents have access to the community swimming pool in the summer. When the weather turns cold, many residents take advantage of nearby opportunities for skiing and other winter sports. Residents also have access to Chalk Hill, Belk Mountain and playgrounds maintained by Park Hills Parks and Recreation.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
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
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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