Rent to Own Homes in Albany
The eighth largest city in Georgia, Albany is a comfortable college town with fun attractions and useful services. The Flint River figures prominently in town activities and scenery. You can take a stroll down the RiverWalk, explore the RiverQuarium or play a round of golf at riverfront Turner Field course.
Far from a new town, Albany has an important place in United... Read More
The eighth largest city in Georgia, Albany is a comfortable college town with fun attractions and useful services. The Flint River figures prominently in town activities and scenery. You can take a stroll down the RiverWalk, explore the RiverQuarium or play a round of golf at riverfront Turner Field course.
Far from a new town, Albany has an important place in United States’ history that is lovingly displayed at Thronateeska Heritage Center and the Albany Civil Rights Institute. Residents and visitors also appreciate local attractions like Wetherbee Planetarium, Parks at Chehaw zoo and All American Fun Park.The below results are primarily rent to own homes in Dougherty County, GA:
The eighth largest city in Georgia, Albany is a comfortable college town with fun attractions and useful services. The Flint River figures prominently in town activities and scenery. You can take a stroll down the RiverWalk, explore the RiverQuarium or play a round of golf at riverfront Turner Field course.
Far from a new town, Albany has an important place in United... Read More
The eighth largest city in Georgia, Albany is a comfortable college town with fun attractions and useful services. The Flint River figures prominently in town activities and scenery. You can take a stroll down the RiverWalk, explore the RiverQuarium or play a round of golf at riverfront Turner Field course.
Far from a new town, Albany has an important place in United States’ history that is lovingly displayed at Thronateeska Heritage Center and the Albany Civil Rights Institute. Residents and visitors also appreciate local attractions like Wetherbee Planetarium, Parks at Chehaw zoo and All American Fun Park.The below results are primarily rent to own homes in Dougherty County, GA:
The city is the proud home of Albany State University, one of the United States’ important historically black universities. It’s also home to the Marine Corps Logistics Base Albany, Coats & Clark, Procter & Gamble and other enlivening institutions. Local kids attend Dougherty County Schools and let their imagination run wild at Dougherty County Public Library. For convenient travel, the Southwest Georgia Regional Airport is just 10 minutes from town, offering daily flights to Atlanta.
Buying a Home in Albany?
House hunters find Albany to be a diverse housing market. With about 500 homes for sale and 100 homes available for rent, there are many options. Affordability is a hallmark of local real estate. The current median listing price for a home here is $75,000, and the median closing price is $108,000. About one-fourth of all homes on the market are listed for less than $51,000. Forty-two percent of homes are listed in the range of $51,000 to $101,000, and only 6.6 percent of homes are listed for $202,000 to $403,000.
Buying vs. Rent to Own Homes?
Buying a home using a conventional process can be frustrating. Getting pre-approved for a mortgage, saving up for a large down payment and achieving a flawless credit score are stressful activities. In contrast, renting to own removes or delays many of those stressful financial obstacles to homeownership. With a rent-to-own option, you pay a nominal option fee to start the process, and then you move into your new home. You’ll make monthly progress on your home purchase with your rent payments, and you won’t need an actual mortgage until the rent-to-own period is complete.
Conveniently located in southwest Georgia, Albany offers its residents affordable homes, an interesting history and plenty of attractions, parks and well-regarded universities. Niche.com recently named Albany the best place for millennials in Dougherty County and the most diverse place to live in the county. Albany’s inexpensive homes are part of the city's appeal; Albany boasts a median home price of $75,000, which is well below the national median home price of $201,900.
Summary
Conveniently located in southwest Georgia, Albany offers its residents affordable homes, an interesting history and plenty of attractions, parks and well-regarded universities. Niche.com recently named Albany the best place for millennials in Dougherty County and the most diverse place to live in the county. Albany’s inexpensive homes are part of the city's appeal; Albany boasts a median home price of $75,000, which is well below the national median home price of $201,900.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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