Rent to Own Homes in Bay City
Bay City is a southeastern Texas town located less than 30 miles from the Gulf of Mexico coastline. Residents can reach Houston, Galveston and many coastal attractions like the Brazoria National Wildlife Refuge in less than two hours, and Matagorda Bay is less than a one-hour drive to the south. The city is part of Matagorda County and was home to more than 17,000 residents as of 2010.The below results are primarily rent to own homes in :
Bay City is a southeastern Texas town located less than 30 miles from the Gulf of Mexico coastline. Residents can reach Houston, Galveston and many coastal attractions like the Brazoria National Wildlife Refuge in less than two hours, and Matagorda Bay is less than a one-hour drive to the south. The city is part of Matagorda County and was home to more than 17,000 residents as of 2010.The below results are primarily rent to own homes in :
Some of the biggest attractions in this region of Texas include the Matagorda County Birding Nature Center, Travelers Paradise RV Park, Hardeman Park, Duncan Park and the Matagorda County Museum. The Bay City Community Theatre offers live theatrical events throughout town for residents as well as visitors, and every third Saturday is Market Day in Bay City. Residents of Bay City are served by the Matagorda Episcopal Health Outreach Program and the Bay City Independent School District. There are five schools included in this system, including Bay City High School. The outreach program and local schools serve as major employers for Bay City, but residents may also commute to other areas of the county for additional employment opportunities. Some of the county's biggest employers include Matagorda Regional Medical Center, South Texas Project and the City of Bay City.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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