Browse Rent To Own Homes in Ogden, UT
Are you looking for a rent to own house in Ogden? If so, then browse the featured listings on this page, or signup to access our complete guide and listings for all lease to own properties in the Ogden area.
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Featured Rent To Buy Houses in Ogden, Utah
Browse the following featured properties in the Ogden, Utah area, or click the link on this page to get access to the complete listings for Ogden rent to own houses.
How Rent To Own Real Estate Works
Also known as a lease option, rent to buy homes are a type of owner financing tor real estate properties.
While the terms of the agreements can vary from house to house, the typical scenario is one in which the owner is looking to sell the property but is willing to accept payment over a period of time, rather than an up front settlement.
In this case, the buyer and seller both agree on the selling price of the home, and the terms of the purchase agreement, specifying things such as payment terms, interest, and length of the agreement.
Usually, owner-financed properties are paid off much sooner than a traditional bank mortgage, but by allowing the renter time to accrue equity in the house, the renter can often roll over that equity into a traditional mortgage after 1-3 years, if the need arises.
Every month the renter/buyer makes a payment to the seller. Typically, part of this payment is credited as rent, while a second part is credited towards the interest on the loan and/or equity in the home. Over time, the renter can then buy out the seller, even if the renter didn’t originally have a large downpayment or the credit needed to qualify for a traditional mortgage.
Ogden Lease Purchase Homes and Houses
While there are many advantages to lease option, or lease to purchase homes, one of the main difficulties can be in locating the currently available properties.
Many rent to own listings are never uploaded to national or local databases, since it is common for sellers to work independently and not go through a real estate agent for these transactions. It is also common for sellers of owner financed, rent to buy properties to sell their homes casually, meaning that they are interested in selling, but are in no hurry to do so, meaning the listings are not widely publicized.
To find the full list of rent to buy properties in your area, you need to sign up for a dedicated listing service, which works to identify all of the relevant opportunities within your target geographical area.
Without a reputable listing agency, finding these properties can be extremely difficult!
Sign up below to get access to one of the most comprehensive rent to own listing services in the country.
Listings for Rent To Buy Properties in Ogden, Utah
Ogden is located 40 miles north of Salt Lake City, with a total area of 26.6 square miles all land. The city of Ogden was the first permanent settlement by people of European descent in the region that is now Utah.
Ogden’s population is about 85,444 people. The city is composed of family-friendly suburban communities spreading south that include Clearfield, Layton, Kaysville and Farmington. Forbes rated the Ogden-Clearfield MSA as the 6th best place to raise a family
Also, In 2013, Ogden ranked No. 16 on Forbes’ list of the Best Places for Business and Careers. Ogden is a convenient location for commerce. The jobs have increased by 2.84 percent. The large Hill Air Force Base is a major employer, and the area also hosts a number of mostly technology-oriented manufacturers.
About education, Ogden has one City School District; the Ogden-Weber Applied Technology College, Stevens–Henager College, Ben Lomond High School, DaVinci Academy of Science and the Arts and Weber State University.
The whole territory of Utah is recognized for having various recreational activities, especially those that have to do with activities in the snow. The Ogden area in particular, is a center for skiing and adventure sports. Located 35 miles north of Salt Lake City, Ogden is gateway to Snowbasin and Powder Mountain ski resorts.
Another sites of interest are Dee Events Center that is an 11,500-seat multi-purpose arena, Historic 25th Street that is a historic district, The Ice Sheet a recreational training center for curling, ice hockey, and figure skating. The Jefferson Avenue Historic District, The Ogden Nature Center, The Ogden Utah Temple, The Ott Planetarium, Peery’s Egyptian Theatre, Snowbasin Ski Area and The Treehouse Children’s Museum, among others.
Ogden is also home to the minor league baseball team Ogden Raptors of the Pioneer League, the Women’s Flat Track Derby Association league Junction City Roller Dolls, the minor-league soccer team Ogden Outlaws of the Premier Development League and the Ogden Knights of the American Indoor Football Association.