Rent to Own Homes in Bridge City
Bridge City is a small community located just north of Sabine Lake and east of the Lower Neches Wildlife Management Area in eastern Texas. This area is approximately five miles from the Texas-Louisiana state line, and the Gulf of Mexico is approximately 30 miles to the south. Beaumont is about 25 miles to the west, and Port Arthur is about 14 miles to the south. Cow Bayou wanders through the northern edge of the city. This is a scenic area of Orange County that is heavily invested in the oil industry.The below results are primarily rent to own homes in :
Bridge City is a small community located just north of Sabine Lake and east of the Lower Neches Wildlife Management Area in eastern Texas. This area is approximately five miles from the Texas-Louisiana state line, and the Gulf of Mexico is approximately 30 miles to the south. Beaumont is about 25 miles to the west, and Port Arthur is about 14 miles to the south. Cow Bayou wanders through the northern edge of the city. This is a scenic area of Orange County that is heavily invested in the oil industry.The below results are primarily rent to own homes in :
The land that is now occupied by Bridge City was originally an unincorporated community known as Prairie View. When the Rainbow Bridge was constructed in the area, more people started moving to the region. It wasn’t until 1970 that the area was officially incorporated with the name Bridge City, and there were approximately 7,500 people living within city limits in 1980. The city has grown slowly over the years, registering approximately 8,000 residents in 2016. Bridge City is known for its leaning streetlights and is served by the Bridge City Independent School District. The city covers approximately four square miles and suffered tremendous damage from Hurricane Ike in 2008.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
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.
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