Rent to Own Homes in Bonaire
Just six miles from Warner Robins, Bonaire is considered... Read More
Just six miles from Warner Robins, Bonaire is considered part of the Warner Robins Metropolitan Statistical Area. Bonaire residents benefit from that proximity, enjoying quick commutes to some of Warner Robins’ largest employers such as Robins Air Force Base, Houston Healthcare and Houston County Board of Education.The below results are primarily rent to own homes in :
Just six miles from Warner Robins, Bonaire is considered... Read More
Just six miles from Warner Robins, Bonaire is considered part of the Warner Robins Metropolitan Statistical Area. Bonaire residents benefit from that proximity, enjoying quick commutes to some of Warner Robins’ largest employers such as Robins Air Force Base, Houston Healthcare and Houston County Board of Education.The below results are primarily rent to own homes in :
In addition to its location as part of Warner Robins Metropolitan Area, Bonaire is also within easy commuting distance to Macon. With U.S. Route 129/Georgia State Route 247 running directly through the Bonaire community, it’s a quick 30-minute drive to employers in Macon like the Medical Center of Central Georgia, Geico and Coliseum Health System. Bonaire itself is a small unincorporated community with several attractive neighborhoods and subdivisions. Some of these neighborhoods include Southfield Plantation, Waterford South and Stratford Hills. U.S. Secretary of Agriculture and former Georgia Governor Sonny Perdue grew up in Bonaire, and he still makes his home here. Bonaire dates back to 1889, and it was even chartered by the Georgia State Assembly in 1912. In 1995, though, the town’s charter was dissolved, and Bonaire officially became an unincorporated community. As such, Houston County provides many of Bonaire’s services. Houston County Schools operates the local public schools, including Bonaire Elementary and Bonaire Middle School. Local teens attend either Warner Robins High School or Veterans High School.
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
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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