Rent to Own Homes in Rushville
One... Read More
One of 12 communities to earn the State of Indiana’s designation, “Stellar Community,” Rushville is a lively rural community. The town is part of Rushville Township, and it's the county seat of Rush County. Slightly more than 6,000 people live in Rushville with a household median income of $37,366.The below results are primarily rent to own homes in :
One... Read More
One of 12 communities to earn the State of Indiana’s designation, “Stellar Community,” Rushville is a lively rural community. The town is part of Rushville Township, and it's the county seat of Rush County. Slightly more than 6,000 people live in Rushville with a household median income of $37,366.The below results are primarily rent to own homes in :
Rushville’s history dates back to 1822, when the town and Rush County were formed from the unorganized Delaware County, sometimes referred to as the Delaware New Purchase. The county and town were named in honor of Founding Father Dr. Benjamin Rush. Rushville Post Office opened the same year the town was formed, and it has been in operation ever since. Rushville occasionally appears in history books because of its role in the 1940 presidential campaign. Local resident Wendell Willkie ran his presidential campaign from Rushville, eventually losing to Franklin D. Roosevelt. Willkie is interred in Rushville’s East Hill Cemetery. Today, locals gather in Rushville’s central business district to work, shop and dine. Much of the CBD is filled with historic buildings, part of the Rushville Commercial Historic District. These structures were constructed between 1847 and 1940 and include Rush County Courthouse, Durbin Hotel, Rushville Public Library and the former Castle Theatre. Riverside Park Amphitheater is another popular gathering spot, hosting a summer concert series and various local events. Rushville Public Library remains a local favorite, providing after-school programs, summer reading programs and year-round story times.
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
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
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
- 46173