Rent to Own Homes in Alvin
Alvin’s small population (which has steadily increased since its incorporation more than a century ago) is no sign that the city is without significance. As the city’s motto proudly claims – “In touch with the past…planning for the future,” Alvin seamlessly blends its small town historical touch with its more modernized social, cultural, and economic reputation. Indeed, Alvin’s community, family and business friendliness combined with its housing affordability, cost of living, and high quality of life make it a desirable southern Texas city in which to live. The below results are primarily rent to own homes in Brazoria County, TX:
Alvin’s small population (which has steadily increased since its incorporation more than a century ago) is no sign that the city is without significance. As the city’s motto proudly claims – “In touch with the past…planning for the future,” Alvin seamlessly blends its small town historical touch with its more modernized social, cultural, and economic reputation. Indeed, Alvin’s community, family and business friendliness combined with its housing affordability, cost of living, and high quality of life make it a desirable southern Texas city in which to live. The below results are primarily rent to own homes in Brazoria County, TX:
Buying a Home in Alvin, TX
Southern hospitality is the norm in Alvin. Combined with numerous parks, golf courses, country clubs, many bodies of water, hiking and biking trails, low taxes, affordable utilities, low unemployment, and a responsive public works – it is no surprise that homes in Alvin retain their value year after year. Home prices are affordable too, significantly under the state and region’s average. While the median price of a home is $249,900, homes in Alvin, on average, cost $191,720. Median rent prices in Alvin are also lower than state and national averages.
Popular Neighborhoods in Alvin, TX
There are eight neighborhoods in Alvin, each reflecting the city’s unique diversity and personality. The most expensive neighborhood is Alvin’s northernmost one—the North Gordon Street neighborhood. Median home prices here are $186,787. Rental prices here are $1,101. While this represents a higher cost than a good portion of neighborhoods throughout the state, this figure is still significantly under the Houston metro median of $1,500. Located only minutes from the historic Froberg’s Farm, the North Gordon Street neighborhood is also within easy access to the Great Oaks Equestrian Center, Resoft County Park, many creeks, streams, lakes, and some of the city’s best schools. Suburban, stable, with great access to major highways and other centers of interest, this neighborhood is for good reason one of the city’s finest.
Buying vs. Rent to Own Homes in Alvin, TX
Home appreciation values in Alvin have stood the test of time. Keeping pace with the rest of the state, home values in the near future look promising. Right now, then, might not be a bad time to settle down in Alvin. First time homeowners, retirees, and downsizers alike can benefit from a rent-to-own option. This unique opportunity allows the aspiring homeowner to live in the home of their choosing provided they meet monthly rental and contractual obligations. Financially strapped aspiring homeowners need not worry as no expensive mortgages are a prerequisite. Better still, the time between renting the home and eventually owning it is time well spent as one’s financial standing can readily improve. Improvement of a credit score, paying off debt, and saving for a down payment are among ways one can better financially situated in the interim.
Summary
Alvin residents take pride in their city. By all outward appearances, Alvin’s community is one of responsiveness, volunteerism, and entrepreneurism. The city has many community organizations, offers much in the arts, allows for countless outdoor activities, and has quick access to one of the nation’s largest and most important cities, Houston. That Houston is miles away is great for the working commuter as that city’s broad industrial base in energy, transportation, manufacturing, science, research, technology, the arts, among many other fields, is very likely to attract Alvin residents.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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