Rent to Own Homes in Bossier City
Bossier City rests on the eastern bank of the Red River in the northwestern corner of Louisiana. Shreveport is located approximately two miles on the opposite side of the river, and the two are known as sister cities. This region of the United States is known for its hot summers loaded with humidity and mild winters. This allows residents to enjoy outdoor recreation throughout most of the year.The below results are primarily rent to own homes in :
Bossier City rests on the eastern bank of the Red River in the northwestern corner of Louisiana. Shreveport is located approximately two miles on the opposite side of the river, and the two are known as sister cities. This region of the United States is known for its hot summers loaded with humidity and mild winters. This allows residents to enjoy outdoor recreation throughout most of the year.The below results are primarily rent to own homes in :
Some of the natural attractions in the Bossier City area include the Red River National Wildlife Refuge, Flag Lake, Mike Woods Park, Loyola Athletic Complex, Preston Avenue Park, Fox Run Golf Course and the Hot Wheels Skating Palace. Residents can also commute across the river for even more opportunities, but they don't have to go far for employment. Some of the largest employers in the area are casinos, including the Horseshoe Casino and Hotel, the Boomtown Casino, the Margaritaville Resort Casino and the DiamondJacks Casino. Many Bossier City residents also work at the Barksdale Air Force Base, the Bossier Parish School Board and the State of Louisiana Department of Civil Service. Residents are served by Bossier Parish Schools, which provides education as well as additional employment opportunities. According to the Bossier Economic Development Foundation and other professionals, Bossier City is expected to continue growing in years to come.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
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
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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