Rent to Own Homes in St Clair
Saint Clair is located in eastern Missouri, approximately 55 miles southwest of St. Louis. This midwestern town is nestled among the lush landscape between the Meramec River and the Bourbeuse River. According to the United States Census Bureau, the population of St. Clair is more than 4,700 residents.The below results are primarily rent to own homes in :
Saint Clair is located in eastern Missouri, approximately 55 miles southwest of St. Louis. This midwestern town is nestled among the lush landscape between the Meramec River and the Bourbeuse River. According to the United States Census Bureau, the population of St. Clair is more than 4,700 residents.The below results are primarily rent to own homes in :
St. Clair is thought to have been named after an influential railroad worker with the surname St. Clair. The town is home to two noted landmarks listed on the National Register of Historic Places: The International Shoe Company Building and the Panhorst Feed Store. The United States Census Bureau reports that the population density of St. Clair is approximately 1,275 residents per square mile. This small community is considered to be family-oriented, with almost 35 percent of households having children under 18 years old residing. Sixteen percent of households consist of a female householder without a husband. Families living in Saint Clair are served by the St. Clair R-XIII School District, sometimes simply known as the St. Clair School District. The St. Clair School District is close-knit, consisting of St. Clair Elementary School, St. Clair Edgar Murray Elementary School, St. Clair Junior High School and St. Clair High School.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.