Rent to Own Homes in Barnesville
Barnesville is a small city located in central Georgia that rests approximately 35 miles northwest of Macon. This location is west of the Piedmont National Wildlife Refuge, and it’s within a one-hour drive of Atlanta. Some of the city’s biggest attractions include Gordon State College, Lamar County Wetlands Trail and a variety of small restaurants and shopping centers. Residents and visitors from surrounding cities take to the streets for a variety of annual events, including the BBQ and Blues Festival and the Buggy Days Festival.The below results are primarily rent to own homes in :
Barnesville is a small city located in central Georgia that rests approximately 35 miles northwest of Macon. This location is west of the Piedmont National Wildlife Refuge, and it’s within a one-hour drive of Atlanta. Some of the city’s biggest attractions include Gordon State College, Lamar County Wetlands Trail and a variety of small restaurants and shopping centers. Residents and visitors from surrounding cities take to the streets for a variety of annual events, including the BBQ and Blues Festival and the Buggy Days Festival.The below results are primarily rent to own homes in :
The City of Barnesville was named after Gideon Barnes, who was the owner of a local tavern when the city was first established. During the American Civil War, this area was widely known as a safe place for wounded soldiers. Residents opened their homes to soldiers in need of care, and family members from throughout the state would bring their wounded for assistance. Barnesville was incorporated as a city in 1854 and was home to more than 750 residents by 1870. In 2016, there were more than 6,500 residents. Barnesville families are served by the Lamar County School District, which includes Lamar County Elementary School, Lamar County Primary School, Lamar County Middle School and Lamar County Comprehensive High School.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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.
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