Rent to Own Homes in Pataskala
Pataskala is a small city in central Ohio that is located approximately 20 miles east of Columbus. Chillicothe is about 60 miles to the south, Mansfield is approximately 60 miles to the north and Cambridge is about 65 miles to the east. This places residents within a one-hour drive of many larger cities offering entertainment and outdoor recreation opportunities. The city is in the process of creating the Pataskala Comprehensive Plan, which will drive growth for the area in years to come.The below results are primarily rent to own homes in :
Pataskala is a small city in central Ohio that is located approximately 20 miles east of Columbus. Chillicothe is about 60 miles to the south, Mansfield is approximately 60 miles to the north and Cambridge is about 65 miles to the east. This places residents within a one-hour drive of many larger cities offering entertainment and outdoor recreation opportunities. The city is in the process of creating the Pataskala Comprehensive Plan, which will drive growth for the area in years to come.The below results are primarily rent to own homes in :
Some of the biggest natural attractions surrounding Pataskala include Blacklick Woods Metro Park, Pickerington Ponds Metro Park, Blendon Woods Metro Park, Willow Run Golf Course and the Lynd Fruit Farm. Attractions within city limits include High Lands Golf Club, Broadview Golf Course, Foundation Park, Pataskala Municipal Park and Mink Street Market. Pataskala was a small village until it merged with Lima Township in 1996. This caused a population jump from just over 3,000 residents in 1990 to more than 10,000 residents in 2000. There were more than 15,500 residents in 2017. The city is now a part of Licking County and is served by Licking Heights Local Schools and Southwest Licking Local Schools. In 2000, the median income was more than $50,000 per household and close to $60,000 per family.
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
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
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