Rent to Own Homes in Athens
Today, Athens is better known as a family-friendly city than a rough town with gun-toting veterans and corrupt officials. It's home to the Mayfield Dairy Farm, the McMinn County Courthouse, the McMinn County Living Heritage Museum and the Gardens of Sunshine Hollow.The below results are primarily rent to own homes in McMinn County, TN:
Today, Athens is better known as a family-friendly city than a rough town with gun-toting veterans and corrupt officials. It's home to the Mayfield Dairy Farm, the McMinn County Courthouse, the McMinn County Living Heritage Museum and the Gardens of Sunshine Hollow.The below results are primarily rent to own homes in McMinn County, TN:
Athens is located in eastern Tennessee, approximately 55 miles north of Chattanooga and about 60 miles south of Knoxville. The Great Smoky Mountains National Park and Nantahala National Forest are both a short drive to the east, delivering beautiful views and opportunities for outdoor recreation for residents. Now serving as the primary city in the Athens Micropolitan Statistical Area, Athens has grown to a city with more than 13,000 residents.
Buying a Home in Athens?
The median listing price for homes in Athens tends to stay below $200,000, but you can find many properties selling for closer to $100,000 if you watch the market. The median home size for the city is around 1,800 square feet, and it's common for buyers to pay $80 or less per square foot. There are some neighborhoods that demand higher prices, so it's important to work with an agent experienced with this market before selecting the home that works for your budget and your lifestyle.
Popular Neighborhoods in Athens?
Bohannon Addition is one of the most popular Athens neighborhoods. It's located in the southwestern corner of the city, mostly falling west of David W. Lillard Memorial Highway and south of U.S. Business Route 11. The majority of homes in this area were built before 1999, and most are small to medium sized with up to four bedrooms. The vacancy rate typically stays below 10 percent, and most of the homes are occupied by their owners. If you're interested in homes with lower real estate prices, look in neighborhoods further north and east.
Buying vs. Rent to Own Homes?
Why spend your money on a rental property that you have no hope of ever owning? Rent-to-own homes in Athens will help you break that never-ending rental cycle by allowing you to purchase the home that you rent. This type of contract begins with a rental contract, but you're expected to purchase the property within a specified period of time. This is ideal if you know that you can buy a home in the near future but need some time before you take out that mortgage loan.
There are now more than 13,000 residents calling the city of Athens home. Positioned in eastern Tennessee with the Great Smoky Mountains rising to the east, this small town offers families as well as business professionals a safe environment for business and pleasure. The city has an interesting history and is now home to the Mayfield Dairy Farm and a variety of small businesses. One of the city's biggest attractions is the low cost of living.
Summary
There are now more than 13,000 residents calling the city of Athens home. Positioned in eastern Tennessee with the Great Smoky Mountains rising to the east, this small town offers families as well as business professionals a safe environment for business and pleasure. The city has an interesting history and is now home to the Mayfield Dairy Farm and a variety of small businesses. One of the city's biggest attractions is the low cost of living.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.
- 37303
- 37371