Rent to Own Homes in Shafter
Shafter is a growing city located approximately 15 miles northwest of Bakersfield in south-central California. This area is approximately 115 miles from Santa Maria, placing residents within a three-hour drive of many coastal cities. Los Angeles is about a two-hour drive to the southwest. San Jose and San Francisco are both within a four-hour drive to the northeast. Residents can also reach several large recreation areas if they’re willing to drive a few hours, including the Sequoia National Forest, the Los Padres National Forest and Death Valley National Park.The below results are primarily rent to own homes in :
Shafter is a growing city located approximately 15 miles northwest of Bakersfield in south-central California. This area is approximately 115 miles from Santa Maria, placing residents within a three-hour drive of many coastal cities. Los Angeles is about a two-hour drive to the southwest. San Jose and San Francisco are both within a four-hour drive to the northeast. Residents can also reach several large recreation areas if they’re willing to drive a few hours, including the Sequoia National Forest, the Los Padres National Forest and Death Valley National Park.The below results are primarily rent to own homes in :
Some of the biggest attractions within Shafter city limits include Kirchenmann Park, Richland Park, Mannel Park, Veterans Park, Minter Field Air Museum and Shafter Depot Museum. The largest employers in the area include the Richland School District and a variety of retail stores like Ross Dress for Less. Some residents also work for the Shafter Modified Community Correctional Facility, which funds a college readiness and early education project known as the Shafter Education Partnership. Lots of land in the Shafter area started to sell in 1914. In 1938, the city was incorporated and named after a well-respected commander in the Spanish-American War known as William Rufus Shafter. There were just over 12,500 Shafter residents in 2000, and the population increased to nearly 19,000 in 2016.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
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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