Rent to Own Homes in Caledonia
schools in Caledonia are known as some of the best in the state and has a number of Advanced Placement options for students to choose from."The below results are primarily... Read More
schools in Caledonia are known as some of the best in the state and has a number of Advanced Placement options for students to choose from."The below results are primarily rent to own homes in :
schools in Caledonia are known as some of the best in the state and has a number of Advanced Placement options for students to choose from."The below results are primarily... Read More
schools in Caledonia are known as some of the best in the state and has a number of Advanced Placement options for students to choose from."The below results are primarily rent to own homes in :
The United States Census Bureau estimates the population of Caledonia at a little over one thousand people and the total area of the town at 2.8 square miles of land. The town is located on the northeastern border of the state of Mississippi in Lowndes County. When it was settled sometime around the 1830s, the town was originally named Yeggerstown for the large population of Yeggers, or Eggers, who initially settled the area. According to town lore, the name was changed to Caledonia after one Yegger's romantic pursuit. Public education in the town is overseen by Lowndes County School District which includes the following schools: Caledonia Elementary School (grades K-5), Caledonia Middle School (grades 6-8), and Caledonia High School. The high school building that currently stands in the town was established in 1986, its school colors are red and white, and its mascot is the Confederates, also known as the Feds. Schools in the Lowndes County School District are known as some of the best in the state alongside the Amory School District. The city of Caledonia's high school also offers more Advanced Placement classes than any of its surrounding school districts.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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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