Rent to Own Homes in Baxley
Small-town Baxley is home to about 4,700 residents, the United States Census Bureau estimates. The median income for a Baxley household is $37,470, although the average household income is $50,495. The 2010 United States Census found that there are 1,567 households established in Baxley. About 45 percent of Baxley homes are owner-occupied, 34 percent are renter-occupied and 20 percent are available.The below results are primarily rent to own homes in :
Small-town Baxley is home to about 4,700 residents, the United States Census Bureau estimates. The median income for a Baxley household is $37,470, although the average household income is $50,495. The 2010 United States Census found that there are 1,567 households established in Baxley. About 45 percent of Baxley homes are owner-occupied, 34 percent are renter-occupied and 20 percent are available.The below results are primarily rent to own homes in :
Baxley is the seat of government for Appling County, so locals have convenient access to a variety of county government offices and services. Local public schools are managed by Appling County School District. Altamaha Elementary School covers pre-kindergarten through 5th grade, Appling County Primary School provides education for students in pre-kindergarten through 2nd grade, Appling County Elementary School educates 3rd- through 5th-grade students and Appling County Middle School covers 6th through 8th grades. Appling County High School is also located in Baxley. Interfor, once known as International Forest Products Limited, and Edwin I. Hatch Nuclear Power Plant are two of the largest employers in Baxley. Appling Healthcare System, Appling Schools, Appling County and Fram Renewable Fuels also provide numerous jobs for Baxley residents. The city is named for prominent early settler Wilson Baxley. The region’s history is showcased in the Appling County Heritage Center, but locals can see a bit of history every day in the town’s Appling County Courthouse, which is a national historic site.
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
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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