Rent to Own Homes in Abilene
Locals also appreciate a broad range of amenities and services. Abilene Regional Airport makes it easy for residents to travel to other cities. In addition to the Abilene Regional Airport, residents also have access to the city’s CityLink public transportation for travel around town. Abilene is also educationally rich and was ranked as a top 20 public education system in the nation. Most of the local public schools are operated by the Abilene and Wayne independent school districts and include Abilene High School and Cooper High School. Higher education is provided by Abilene Christian University, Cisco Junior College and a host of other universities and colleges.
Buying a Home in Abilene?
In spite of the community’s strong growth and booming job market, homes are still affordable in Abilene. Median home prices have climbed 14 percent in the past year to $162,000, and the average price has jumped nearly 10 percent to $193,882. Part of that increase is due to a decline in the number of new listings and total housing inventory. Over the past year, the number of properties placed on the market fell nearly 2 percent to 671 homes. Simultaneously, the selling pace quickened by more than 24 percent, with homes selling within 56 days.
Popular Neighborhoods in Abilene?
Young adults, hipsters and Millennials enjoy the lively atmosphere of living in Downtown Abilene, and some residents enjoy the area’s historic architecture. Families appreciate the large homes, established neighborhoods and good schools found in the Lytle Area. At a median listing price of $249,900, homes in Lytle are above the city’s average, but they are generously sized, and most lots are similarly spacious. Charming vintage homes are found in the North College neighborhood, where median prices are $139,000, and most homes were built before 1969. Families enjoy the Canterbury Trails neighborhood where the schools are good, homes are reasonably priced at a median $139,900, and properties were developed in the 1980s.
Buying vs. Rent to Own Homes ?
Buying a home the conventional way kicks off a flurry of activity: gathering financial paperwork, dealing with loan officers and credit reporting agencies and negotiating a home purchase. In contrast, renting to own a home proceeds at a more leisurely pace. You’ll negotiate terms with the seller, go through a simple credit check and pay a small option fee. You can move into your new home right away, making the usual rent payments plus a monthly rental premium. That premium and your initial option fee are often credited to the down payment you’ll owe at the conclusion of your rent to own contract.
Cost of Living in Abilene?
Recent gains in job growth and income doesn’t seem to have increased Abilene’s delightful cost of living. Local residents appreciate that they only spend 83 cents on life’s necessities for every dollar spent by most Americans. Housing is just over half the cost of housing in other towns, and groceries are 11 percent cheaper than the national average. Other expenses are closer to the national average, but still a bargain. Health care, utilities, and transportation costs are 1 to 3 percent cheaper than in the rest of the country.
Abilene residents are right to take pride in their city. It has earned several national rankings as one of the best places to live in the country. With the Dyess Air Force Base and local colleges contributing much to the local economy, the city enjoys a robust job market. Housing costs are just 56 percent of the national average. Overall living expenses are equally affordable, costing locals 17 percent less than the national average. Whether you’re in town to work, go to school or simply enjoy Abilene’s thriving community, Abilene is sure to please.
Summary
Abilene residents are right to take pride in their city. It has earned several national rankings as one of the best places to live in the country. With the Dyess Air Force Base and local colleges contributing much to the local economy, the city enjoys a robust job market. Housing costs are just 56 percent of the national average. Overall living expenses are equally affordable, costing locals 17 percent less than the national average. Whether you’re in town to work, go to school or simply enjoy Abilene’s thriving community, Abilene is sure to please.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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