Rent to Own Homes in West Allis
West Allis is a small town that rests approximately five miles west of Milwaukee in the southeastern region of Wisconsin. This location places residents a short drive from the shores of Lake Michigan, and Chicago, Illinois, is about a two-hour drive to the south. Some of the biggest attractions within West Allis city limits include Greenfield Park and Golf Course, West Allis Athletic Complex, Cool Waters Aquatic Park, Reservoir Park, LaFollette Park, Wisconsin State Fair Park, Honey Creek Park and Liberty Heights Park.The below results are primarily rent to own homes in :
West Allis is a small town that rests approximately five miles west of Milwaukee in the southeastern region of Wisconsin. This location places residents a short drive from the shores of Lake Michigan, and Chicago, Illinois, is about a two-hour drive to the south. Some of the biggest attractions within West Allis city limits include Greenfield Park and Golf Course, West Allis Athletic Complex, Cool Waters Aquatic Park, Reservoir Park, LaFollette Park, Wisconsin State Fair Park, Honey Creek Park and Liberty Heights Park.The below results are primarily rent to own homes in :
There are also some attractions in the area surrounding West Allis, including Kinnickinnick River Parkway, West Milwaukee Park, Miller Park, Milwaukee County Zoo, Westmoor Country Club and New Berlin Hills Golf Course. In addition to a variety of green spaces suitable for outdoor recreation, West Allis offers residents an active economy. West Allis Memorial Hospital is the city's largest employer, but residents also find jobs with the West Allis School District, Anthem Blue Cross, Covenant Health Systems and the City of West Allis. Many residents take the short commute to Milwaukee for even more employment opportunities. As of 2010, there were more than 60,000 people residing within West Allis city limits. In 2000, the city's median income per household was approximately $40,000, and the median income per family was approximately $50,000.
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
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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