Rent to Own Homes in Beckley
Beckley was once a coal mining community, but most of the jobs in this area of West Virginia are now offered by the Raleigh County Board of Education, local hospitals and medical offices, and some retail stores and restaurants. The city keeps history alive by maintaining the Beckley Exhibition Coal Mine, which allows residents and visitors to learn about life in an Appalachian coal mining community. Other historical attractions in this area include the Youth Museum of Southern West Virginia and the museum at Wildwood.The below results are primarily rent to own homes in Raleigh County, WV:
Beckley was once a coal mining community, but most of the jobs in this area of West Virginia are now offered by the Raleigh County Board of Education, local hospitals and medical offices, and some retail stores and restaurants. The city keeps history alive by maintaining the Beckley Exhibition Coal Mine, which allows residents and visitors to learn about life in an Appalachian coal mining community. Other historical attractions in this area include the Youth Museum of Southern West Virginia and the museum at Wildwood.The below results are primarily rent to own homes in Raleigh County, WV:
This is a family-friendly community that offers some popular entertainment venues suitable for all ages, including Mountain State Miniature Golf and Babe Ruth Park. The city also hosts a variety of events throughout the year that are designed to bring residents together for a little fun. Some of the most popular events include the annual Appalachian Festival and the Friday in the Park series that occurs every summer in Jim Word Park.
Buying a Home in Beckley?
When shopping for a home in Beckley, you can expect the median listing price to stay below $150,000. It's common for homes to remain on the market for at least two months, but competitively priced properties in the best neighborhoods can sell much faster. You may want to make a fast offer if you find a property that suits your needs perfectly, keeping in mind that the median price per square foot is around $70. If you're moving to Beckley with children, some of the best schools are Crescent Elementary, Park Middle and Woodrow Wilson High.
Popular Neighborhoods in Beckley?
You'll find most of the desirable Beckley neighborhoods in the western half of the city. One of the most popular areas runs west of I-64 and north of Harper Road. Home prices are typically a bit higher than the median in this area, but it's an established community where most of the homes are owned by their occupants. The vacancy rate is low, and you're likely to have the security of established neighbors when you move into this region.
Crab Orchard is a good neighborhood to consider if you're interested in home prices closer to $100,000. This neighborhood runs west of I-64 and south of Wickham Drive, and it's an established community where most homes are owned by their occupants. While the houses are a bit smaller in this area and you won't find as many new constructions, the neighborhood is established and family-friendly.
Buying vs. Rent to Own Homes?
Rent-to-own homes in Beckley are a good option if you want to move right away but need more time to prepare for the responsibility that comes with property ownership. You can move into a new house and start settling into the neighborhood while renting the property. You do this with the understanding that you have a set amount of time to purchase the home. Once you complete the purchase, you take over as the official owner. Why rent a home that you can never own when rent-to-own properties are available?
Beckley is the type of small West Virginia town where residents sit in the park together every Friday night in the summertime, listening to live music and socializing. It's the type of town that hosts annual festivals and that maintains historical sites to celebrate a past that makes long-term residents proud. While it was once a town founded on the coal mining industry, most of the jobs are now offered in the healthcare and retail fields. The city is located about an hour south of Charleston and is part of West Virginia's Appalachian community.
Summary
Beckley is the type of small West Virginia town where residents sit in the park together every Friday night in the summertime, listening to live music and socializing. It's the type of town that hosts annual festivals and that maintains historical sites to celebrate a past that makes long-term residents proud. While it was once a town founded on the coal mining industry, most of the jobs are now offered in the healthcare and retail fields. The city is located about an hour south of Charleston and is part of West Virginia's Appalachian community.
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
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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