Rent to Own Homes in Apex
Apex is a growing town in central North Carolina that rests north of the Shearon Harris Reservoir and east of Jordan Lake. The town is approximately 15 miles west of Raleigh, 20 miles south of Durham, 20 miles south of Chapel Hill and 50 miles north of Fayetteville. The town is surrounded by a variety of popular recreation areas, including Fred G. Bond Metro Park, Thomas Brooks Park, Crosswoods Campground, Jordan Lake Vista Point Family Campground, Knights Play Golf Center, Jordan Lake Water Sports and Parkers Creek.The below results are primarily rent to own homes in :
Apex is a growing town in central North Carolina that rests north of the Shearon Harris Reservoir and east of Jordan Lake. The town is approximately 15 miles west of Raleigh, 20 miles south of Durham, 20 miles south of Chapel Hill and 50 miles north of Fayetteville. The town is surrounded by a variety of popular recreation areas, including Fred G. Bond Metro Park, Thomas Brooks Park, Crosswoods Campground, Jordan Lake Vista Point Family Campground, Knights Play Golf Center, Jordan Lake Water Sports and Parkers Creek.The below results are primarily rent to own homes in :
There are also a variety of recreation areas within Apex town limits, including Kelly Road Park, Apex Jaycee Park, CC Jones Park, Beaver Creek Greenway and Apex Nature Park. The town was incorporated in 1873, and there were approximately 200 residents in 1880. That population grew to more than 27,000 in 2010 and to more than 47,000 in 2016. This growth is expected to continue in years to come. If you take a walk through downtown Apex, you’ll come across the Apex Union Depot. It once housed the Apex Community Library but is now home to the Apex Chamber of Commerce. Make sure to take a drive on the Apex Peakway, which is a main road that loops around the downtown area.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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