Browse Rent To Own Homes in St. George , UT
Are you looking for a rent to own house in St. George ? 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 St. George area.
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Featured Rent To Buy Houses in St. George , Utah
Browse the following featured properties in the St. George , Utah area, or click the link on this page to get access to the complete listings for St. George 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.
St. George 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 St. George , Utah
St. George is the capital of Washington County, Is a city located in the southwestern part of Utah with a total area of 64.9 square miles . The city lies in most part of the Mojave Desert. It has a population of 80,202 being the seventh-largest city in Utah and one of the most populous in the state.
The downtown area of St. George is an exciting area comprising of four sections. The Boulevard, Main Street, Tabernacle Street and Diagonal Street. All of those have as points of interest historic buildings, shops, restaurants and galleries.
Among the most popular neighborhoods are Apple Valley which is a very picturesque place with a beautiful desert scenary and also is nearby Zion National Park.
Bloomington is a community that is located in the southern part of St. George city, it was originally established as a development around a Golf Course an finally Central area, a samall community located north of St. George. Some others are Gunlock, Enterprise, Hurricane, Ivins and Hildale.
St. George is home to a number of museums and points of interests for example, St. George Art Museum, St. George Children’s Museum, Rosenbruch Wildlife Museum, The St. George Dinosaur Discovery Site, Dixie Sunbowl which is an outdoor arena, Dixie Convention Center, Pioneer Park which is a natural landscape park and home of the Dixie Rock and Tonaquint Nature Center.
St. George has a lot of outdoor activities as interesting and stimulating as hiking, climbing, canyoneering, air tours, skyDiving, zipline, fishing, jeeping, motocross, water sports,
About the climate, is significantly warmer on average than the rest of Utah, and typical of the desert southwest, with an arid desert climate. Due to its climate and geography, St. George has recently become a major retirement center in the western United States.