Browse Rent To Own Homes in Clarksburg, WV
Are you looking for a rent to own house in Clarksburg? 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 Clarksburg area.
Click the link below to access the listings!
Featured Rent To Buy Houses in Clarksburg, West Virginia
Browse the following featured properties in the Clarksburg, West Virginia area, or click here to get access to the complete listings for Clarksburg rent to own houses.
- Nearest School: Emmanuel Christian School
- Nearest Grocery: Kompak Stores Llc
- Nearest Restaurant: High Life Lounge-North View
- Nearest School: Washington-Irving Middle School
- Nearest Grocery: Go Mart Inc
- Nearest Restaurant: Ritzy Lunch
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.
Clarksburg 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!
Click here to get access to one of the most comprehensive rent to own listing services in the country.
Listings for Rent To Buy Properties in Clarksburg, West Virginia 26301, 26302, 26306
You can find Clarksburg West Virginia rent to own homes that meet your needs through adequate research. To figure out where the best place will be for you to have a home, you need to go through the following guidelines and put them to good use.
Find out what your needs are so that you can avoid having to look at homes that you wouldn’t want to live in. How many rooms do you need so that you and your family can be comfortable? Do you want a home with a fenced front and back yard because you have a dog? There are a lot of things you need to think about and that way you can try only searching for what you need. Remember that there are also some options that will be more than what you need. Most websites will let you refine your search by things like how many rooms a place has, so use those options.
How often are bad things happening in various neighborhoods? You may find out when you move into a place that it’s a good price because of all of the problems that are going on in the neighborhood. That is why no matter where you are going to live in Clarksburg, you need to be aware of what is going on in the way of crime. No place is immune to this kind of thing, but you can, at least, figure out if you’re moving onto a street where crime is very high through a little bit of research.
Where are you willing to live so that you can be close to the places you need to travel to? If you want to make sure you save money on gas, then you’ll need to find a home that is near where you are working. If you have kids, and they need to go to school, you may want to be near that or figure out where the bus runs so if you’re not close you, at least, know what your options will look like.
Those that use these guidelines on finding the best Clarksburg West Virginia rent to own homes will be able to move into a place they love. Don’t just rush into this because getting a new home is going to change the way you live your life in a big way.