Rent to Own Homes in Calhoun
Calhoun is an unincorporated community located in northern Louisiana's Ouachita Parish. It is conveniently positioned 15 miles west of Monroe and 85 miles east of Shreveport. It is well-connected to these larger cities by Interstate 20 and previous transcontinental route U.S. 80. According to recent data from the United States Census Bureau, the population of Calhoun is approximately 2,000 residents.The below results are primarily rent to own homes in :
Calhoun is an unincorporated community located in northern Louisiana's Ouachita Parish. It is conveniently positioned 15 miles west of Monroe and 85 miles east of Shreveport. It is well-connected to these larger cities by Interstate 20 and previous transcontinental route U.S. 80. According to recent data from the United States Census Bureau, the population of Calhoun is approximately 2,000 residents.The below results are primarily rent to own homes in :
The community was named after landowner Archibald Calhoun. Archibald Calhoun was one of the area's first settlers. Calhoun is home to former congressional candidate Zach Dasher. United States Representative Newt V. Mills was born in Calhoun. The United States Census Bureau lists the median income of households in Ouachita Parish as approximately $38,900 per year. The top five employment sectors in Calhoun are retail, education, health care/social assistance, accommodation/food service and manufacturing. Students residing in Calhoun are served by the Ouachita Parish Schools. The district consists of 22 elementary schools, nine middle school/junior high schools and five high schools. Calhoun is governed by the Ouachita Parish Police Jury. The police jury is responsible for enforcing local laws and conducting administrative duties. Calhoun and surrounding Ouachita Parish are a haven for wildlife enthusiasts. Nearby Cheniere Lake and Ouachita River are area hotspots for fishing. Hunters can be found at the Russell Sage Wildlife Management Area. Many areas in Calhoun and Ouachita Parish are perfect for wildlife viewing.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
- 71225