Rent to Own Homes in Standish
Standish is a small town in eastern Michigan that is located approximately five miles west of Saginaw Bay. This location places residents less than 20 minutes from Whites Beach, Almeda Beach and other scenic destinations on the shores of the bay. Saginaw is about 40 miles to the south of the city, and Tawas City is about 35 miles up the coast of Lake Huron. This is one of the most scenic areas of the state, and residents have easy access to the Roscommon State Forest Area, Grayling State Forest Area and Thunder Bay River State Forest.The below results are primarily rent to own homes in :
Standish is a small town in eastern Michigan that is located approximately five miles west of Saginaw Bay. This location places residents less than 20 minutes from Whites Beach, Almeda Beach and other scenic destinations on the shores of the bay. Saginaw is about 40 miles to the south of the city, and Tawas City is about 35 miles up the coast of Lake Huron. This is one of the most scenic areas of the state, and residents have easy access to the Roscommon State Forest Area, Grayling State Forest Area and Thunder Bay River State Forest.The below results are primarily rent to own homes in :
The town of Standish was originally created by John D. Standish and was given the name Granton. The city was incorporated in 1903 with approximately 800 residents. The population grew to more than 1,000 people by 1950 and reached more than 1,500 residents by 2000. The population has remained relatively stable since and is expected to stay a small city in the future. Today, Standish is known as the previous site of the Standish Maximum Correctional Facility. The prison was considered as a housing option for prisoners from Guantanamo Bay but went out of operation in 2009. The city is now served by the Standish-Sterling Community Schools District, which includes Standish Elementary School, Standish-Sterling Middle School and Standish-Sterling Central High School.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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