Rent to Own Homes in Carencro

One of the advantages to living in the Carencro area is the short commute to a variety of beautiful outdoor recreation areas. Cypremort Point, Pelican Island, White Lake and the Rockefeller Wildlife Refuge are all within a two-hour drive south of the city. Residents willing to travel a bit further will find many additional opportunities for recreation on the Gulf of Mexico, including Galveston Island on the southern shore of Texas.
When they aren’t enjoying the sunshine on the Louisiana coast, many residents are commuting to work in Lafayette. The thriving economy in this nearby town offers a variety of jobs in construction, hospitality, retail, finance, transportation and healthcare. Some of the city’s leading employers include the Lafayette Parish School System, the University of Louisiana and the Lafayette General Medical Center.

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

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

It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.

That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.

The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.