Rent to Own Homes in Weston
Weston is a small city in north-central West Virginia that is best known as home to the Trans-Allegheny Lunatic Asylum. This psychiatric hospital was closed and relocated in 1994. The city is less than five miles from Jackson’s Mill, which was home to Stonewall Jackson. Weston is approximately 10 miles north of the Stonewall Resort and about 11 miles north of the Stonecoal Lake Wildlife Management Area. Roanoke is about 10 miles to the south, and Buckhannon is about 15 miles to the east.The below results are primarily rent to own homes in :
Weston is a small city in north-central West Virginia that is best known as home to the Trans-Allegheny Lunatic Asylum. This psychiatric hospital was closed and relocated in 1994. The city is less than five miles from Jackson’s Mill, which was home to Stonewall Jackson. Weston is approximately 10 miles north of the Stonewall Resort and about 11 miles north of the Stonecoal Lake Wildlife Management Area. Roanoke is about 10 miles to the south, and Buckhannon is about 15 miles to the east.The below results are primarily rent to own homes in :
Some of the biggest Weston attractions include the Mountaineer Military Museum, Weston City Park, West Virginia Museum of American Glass and the nearby Lewis County Park. There were fewer than 900 residents living within city limits in 1860, but the population grew to more than 5,000 people by 1920. The city continued to grow beyond 8,000 residents by 1930, but the population has gradually decreased in years since. In 2016, there were approximately 4,000 people within city limits. Weston was home to a former congressman and senator as well as an NFL player. In addition to the former psychiatric hospital, the city is still home to a few historic places. This includes the former Weston Colored School and the Jonathan M. Bennett House. These landmarks are attractions for visitors interested in history.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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