Rent to Own Homes in Wenatchee
The city of Wenatchee rests in the foothills of the Wenatchee National Forest in central Washington. The Columbia River separates the city from East Wenatchee, and both are considered a part of the Wenatchee Valley. The Wenatchee River extends north of the city, and Wenatchee Confluence State Park is positioned just north of town where the Wenatchee and Columbia rivers meet. Other riverside parks in this area of Washington include Walla Walla Point Park and Wenatchee Riverfront Park.The below results are primarily rent to own homes in :
The city of Wenatchee rests in the foothills of the Wenatchee National Forest in central Washington. The Columbia River separates the city from East Wenatchee, and both are considered a part of the Wenatchee Valley. The Wenatchee River extends north of the city, and Wenatchee Confluence State Park is positioned just north of town where the Wenatchee and Columbia rivers meet. Other riverside parks in this area of Washington include Walla Walla Point Park and Wenatchee Riverfront Park.The below results are primarily rent to own homes in :
The biggest natural attractions for the Wenatchee area are the rivers and nearby mountain ranges. There are also some family-friendly parks within city limits, including Pioneer Park, Methow Street Park, Mission Street Park and Lincoln Park. Other points of interest for this region include Ohme Gardens County Park, Horan Natural Area, Stutzman Ranch and the Saddle Rock Trailhead. There are some additional trailheads that give residents easy access to popular areas for hiking and other outdoor activities. There are also many apple orchards, vineyards and ranches that attract many visitors to this area. The Wenatchee Valley Museum & Cultural Center still records much of the city's history for residents and newcomers to appreciate. Residents are served by the Wenatchee School District, which also enrolls students from some surrounding cities.
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
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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