Rent to Own Homes in West Springfield
The area was settled as far back as 1635, and because the farmland was productive on the west side of the... Read More
The area was settled as far back as 1635, and because the farmland was productive on the west side of the Connecticut River, by the 1650s a permanent settlement had been established. In those early days, separation of church and state was not clearly defined (the U.S. Constitution was still 100 years away), and failure to attend town meetings or church was punishable by fines. The first school was constructed in 1707.The below results are primarily rent to own homes in :
The area was settled as far back as 1635, and because the farmland was productive on the west side of the... Read More
The area was settled as far back as 1635, and because the farmland was productive on the west side of the Connecticut River, by the 1650s a permanent settlement had been established. In those early days, separation of church and state was not clearly defined (the U.S. Constitution was still 100 years away), and failure to attend town meetings or church was punishable by fines. The first school was constructed in 1707.The below results are primarily rent to own homes in :
There was continuous tension between the populations on the east and west sides of the river, and in 1774, nearly twenty years after residents on the west side had petitioned to be incorporated as a separate town, the request was finally granted. The first foot bridge over the river was built in 1805, but was demolished less than ten years later due to heavy damage from flooding.
West Springfield’s largest attraction is the Eastern States Exposition, which was started in 1917. It is one of the largest fairs in the United States, and the fairgrounds are used for various venues and exhibitions year round.
Buying a Home in West Springfield
The median home cost in West Springfield is $180,500, which is three percent below the national average. Current home listings range from $119,900 to $969,900, and condos are plentiful as well. About 62 percent of the residential real estate is owner occupied, and the overall cost of living is 11 percent above the national average.
Forty-six percent of the residents are married, and the median age is 39.6. The average household income is about $52,000.
The city is served by West Springfield Public Schools. Nine public schools comprise the district, including a preschool, kindergarten, five elementary schools, West Springfield Middle School, and West Springfield High School.
Popular Neighborhoods in West Springfield
The city is made up of six constituent neighborhoods. The westernmost neighborhood, Tatham, is an upper-middle income area, and the residential real estate is mainly medium- to large-sized single- family homes and small apartment buildings. Most of the property is owner-occupied, and much of it was built before 1970. The median home cost is $286,000.
The real estate landscape is similar in the Piper Rd/Amostown Rd. neighborhood. It is also an upper-middle income area, but the median home cost is a bit less, at $252,000.
Buying vs. Rent to Own Homes
West Springfield may already be enticing you with its New England charm and strong sense of history. But financing a home can be a complicated process, requiring pre-qualification and a sizable down payment. If you don’t have the cash, or think you don’t qualify, there is an alternative. Many are opting for rent-to-own arrangements. Tenants agree to live in a home for a pre-determined period of time and, after that time expires, they have the option to buy. While they are living there, a portion of each month’s rent is applied toward a down payment to eventually buy the home. Thus, those who can’t afford a down payment can still look forward to becoming homeowners.
Summary
West Springfield is located in the beautiful rolling hills of southern Massachusetts. To the west are the Berkshires, and just over the state line lie the picturesque Hudson River and Catskill Mountains of New York. Boston and the nostalgic New England coast are just 90 miles to the east. And the scenic Connecticut coast at Long Island Sound is just 65 miles to the south. Both large metropolitan areas and lovely scenery make West Springfield a good place to call home.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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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