Rent to Own Homes in Stafford
Stafford is a small census-designated place located west of the Potomac River in northern Virginia. This area of the state is home to a variety of entertainment venues and outdoor recreation facilities, including Augustine Golf Club, Widewater State Park and Beach, Aquia Creek, Embrey Mill Park, Crow's Nest Natural Area Preserve and Prince William Forest Park.The below results are primarily rent to own homes in :
Stafford is a small census-designated place located west of the Potomac River in northern Virginia. This area of the state is home to a variety of entertainment venues and outdoor recreation facilities, including Augustine Golf Club, Widewater State Park and Beach, Aquia Creek, Embrey Mill Park, Crow's Nest Natural Area Preserve and Prince William Forest Park.The below results are primarily rent to own homes in :
Historically, this region of Virginia was where the Pamunkey princess Pocahontas was abducted. The city is still home to a short list of registered national historic places, including the Stafford Training School and Aquia Church. It is now a census-designated place within Stafford County, and it's home to the Stafford Courthouse. While there aren't many jobs available within Stafford, residents can easily commute 10 miles to Fredericksburg for additional opportunities. Some of the more prominent employers in this nearby city include Mary Washington Hospital, Fredericksburg City Public Schools, Medicorp Health System and the University of Mary Washington. Washington D.C. is within a one-hour drive of this area, and Chesapeake Bay is within a 90-minute drive to the east. This location makes it easy for residents to reach cities and recreation areas in western Maryland, making long weekends and vacations close to home possible.
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
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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.
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