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Enjoy your visit to RentOwn.net and contact us with any suggestions you have to help make us even better. We’ll look at your situation, the type of property you’re looking for, and show you your rent-to-own options here in Springfield. Registering for our Trial Membership gives you access to our special deals, including rent to own, owner financing and more.. Save this search to get email alerts when listings hit the market. If the home passes Smart Choice’s inspection, you pay the remaining half of your option fee to Smart Choice before the offer is made to the seller.
If you are in need of an airport for more significant travel, the Abraham Lincoln Capital Airport is the closest. Springfield, Illinois, wasn't always the state capital. It took the work of then State Representative Abraham Lincoln to make it that way in 1839. So it's no wonder that Springfield boasts numerous Lincoln attractions, including the only home he ever owned, his old law office, and the Abraham Lincoln Presidential Library and Museum. The city of 116,000 residents is the second largest city outside the Chicago Metropolitan Area, and the largest city in Central Illinois. Springfield is also home to the Illinois General Assembly, the Illinois Supreme Court, and the Office of the Governor of Illinois.
What are the Best Neighborhoods in Springfield, IL?
This agreement gives you the right to buy the home for a predetermined price. The term of this agreement is the same as the lease agreement. You typically will pay an option fee of 3% of the purchase price at the time of signing the agreements. This fee is applied toward your down payment and secures your right to purchase the home provided you abide by the terms of the agreement. Springfield is a big city with a small-town personality.
This usually involves a personalized credit repair plan. Your lease purchase can be structured with a portion of your monthly rent credited toward your down payment on the home. One of the best places in all of Illinois, Leland Grove is home to just over 1,000 residents. The majority of residents are retirees who enjoy a quiet, rural environment and good public schools. The median home value is $222,700 and nearly all residents own their home. Check out Springfield, IL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
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Lease-to-own or lease option homes provide potential home buyers with great advantages, which include hassle-free buying without any competition, saving time, and building non-cash equity. Minimum out of pocket cash needed to move in your home. When you lease purchase from us, you will not pay any closing costs up front.
The team at Smart Choice Properties, LLC is proud to offer a Home Lease to Own program for eligible individuals. If you are unable to obtain a mortgage but still want to pursue owning a home, we may be able to help you locate and move into a home that you will ultimately buy. If you are seeking out colleges, there are two within the city and 64 within a 100-mile radius. Lincoln Land Community College and the University of Illinois of Springfield are the two schools available in Springfield. Despite having only two schools in the city, Springfield is a college town!
FREE REPORT: Passive Real Estate Investing
Smart Choice Homes is locally owned and operated, and has had a presence in the local housing market since 1986. We are a company that works toward honesty and integrity in every business transaction. We try to create win/win situations for everyone involved in each lease-purchase transaction.
Many people want to experience the American dream of owning a home but are not able to qualify for a mortgage at this time. A number of factors can inhibit your ability to qualify. This includes a low credit score, lack of credit, not a large enough down payment, a previous foreclosure, a previous bankruptcy, an ongoing divorce, etc. Home to 13,000, Chatham is popular among families and young professionals. Residents enjoy a blend of suburban and rural vibes and fantastic public schools. The median home value is $188,900 and the majority of residents own their homes.
Lease Option / Rent To Own
Okay Betty, INC is a real estate company specializing in We Buy Houses and We Rent Homes including Rent To Own Homes and Homes For Rent with Option To Buy. This is not a solicitation or offer of securities. Investment is offered only to qualified investors through a written Investment Agreement or Private Placement Memorandum. Our company works with everyday individuals like yourself who want to put their money to action in the real estate market.
Rent-to-own offers potential home buyers many benefits, which include building non-cash equity, hassle-free buying without competition, and saving time. Our local rent to own homes are move-in ready, in good neighborhoods, and often freshly updated. Inquire with us on this site for available properties. The lease purchase agreements are signed and you move in. If you are approved, you sign our Homeownership Program Policies agreement and put down half of your deposit, which is called an option fee. This involves a previous rental history check, a background check, a verification of income, and a credit check by our mortgage broker.
Sometimes people just need some time to clean up their credit and show a stable payment history. Any appreciation during your original lease term is instant equity for you. We let you choose from homes we own and from other homes on the market, which we would be able to sell to you in your price range. One of the major draws of Springfield is the quiet, small-town vibe. However, when you’re craving a fun weekend getaway or day trip, there are plenty of major cities nearby. Jacksonville and Lincoln are just 40 minutes away by car.
Please be aware, we do not work with those who have a total disregard for paying their bills on time. We work with those who are willing to work diligently toward resolving the roadblocks they have to obtain a mortgage. We are looking for those who will qualify for a mortgage within 24 to 36 months.
Here at RentOwn we make sure all images of Springfield rent to own houses are accurate, giving you the peace of mind when browsing for your future home. The Springfield rent to own process is an increasingly popular plan to convalesce your credit rating through regular saving over a significant period of time. RentOwn.net's list of Springfield homes are yours for less than 4 cents a day through our four week trial, which you can cancel at any time. Thanks for visiting RentOwn.net the best rent to own website for all Springfield properties.
You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment. The second agreement is the purchase option agreement.
Search for rent-to-own homes in Springfield, IL and learn about the rent-to-own market with iRentToOwn.com. If you're unfamiliar with the rent-to-own process, we offer a full selection of articles in our on-siterent-to-own articlesso you can stay informed and updated. The only significant difference is that you are responsible for all maintenance and repairs.
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