Rent to Own Homes in Blanchard
Blanchard is located in the northwest corner of Louisiana. This Caddo Parish town lies approximately 10 miles northwest of Shreveport, and is considered to be a part of the Shreveport-Bossier City Metropolitan Statistical Area. According to the United States Census Bureau, Blanchard has a growing population of over 3,000 residents.The below results are primarily rent to own homes in :
Blanchard is located in the northwest corner of Louisiana. This Caddo Parish town lies approximately 10 miles northwest of Shreveport, and is considered to be a part of the Shreveport-Bossier City Metropolitan Statistical Area. According to the United States Census Bureau, Blanchard has a growing population of over 3,000 residents.The below results are primarily rent to own homes in :
History buffs assume that Blanchard was named in honor of Newton C. Blanchard, a man of political importance in the late 1800's and early 1900's. Newton C. Blanchard was a United States representative and senator before serving four years as the governor of Louisiana. The median income of Blanchard households is nearly $63,000 per year, which is almost $10,000 higher than the United States average. Careers in health care, manufacturing and miscellaneous positions employ almost 35 percent of Blanchard residents. Blanchard is four square miles in size, with a population density of almost 850 people per square mile. The United States Census Bureau reports the average household size in Blanchard as 2.60, while the average family size is just over three people per family. Blanchard residents enjoy down-home fun at the Blanchard Poke Salad Festival, held annually in May. The festival features a carnival, vendors, a parade and an abundance of food.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
- 71009