Rent to Own Homes in Safford
Safford is located in the southeastern region of Arizona, serving as the county seat of Graham County. Although most would consider Safford to be a small town, it is recognized as the largest community within the Safford Micropolitan Statistical Area. According to the United States Census Bureau, the population of Safford is just over 9,600 residents.The below results are primarily rent to own homes in :
Safford is located in the southeastern region of Arizona, serving as the county seat of Graham County. Although most would consider Safford to be a small town, it is recognized as the largest community within the Safford Micropolitan Statistical Area. According to the United States Census Bureau, the population of Safford is just over 9,600 residents.The below results are primarily rent to own homes in :
Children living in Safford are served by the Safford Unified School District. The district consists of three elementary schools, one middle school and two high schools. Dorothy Stinson School and Ruth Powell School, two elementary schools within Safford Unified Schools, have received A" ratings by the Arizona Department of Education in recent years. The Safford City-Graham County Library maintains a large collection of books and audiovisual materials serving Safford and surrounding cities. The Safford City-Graham County Library also maintains a busy events calendar with programming targeted at all ages. Program options include story times for children and special interest clubs for children teens and adults. Safford's remote location makes it an ideal place for observatories. The Mount Graham International Observatory
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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