Rent to Own Homes in Clarksville
Bustling Fort Campbell is 10 miles from downtown Clarksville, although it is technically located in the state of Kentucky. Its activities help fuel the local economy, known for its major industrial enterprises like Bridgestone Metalpha USA, Jostens, Hemlock Semiconductor, Vulcan Corporation and Trane. The highly respected Austin Peay State University also contributes greatly to the local economy.
Buying a Home in Clarksville?
Clarksville’s abundant quality of life also carries over into its housing market. The city was named a top 10 city for first time home buyers by Bloomberg Business in 2015 for its affordable prices and nice neighborhoods. While prices have climbed about 6 percent over the past year, houses are still affordably priced at a median of $168,000. The average listing price of a home here is up 4 percent to $191,732. Part of that price increase is driven by decreasing supply. The number of new listings is down 5 percent to 2,763 a month, and homes are selling 6 percent more quickly. On average, homes stay on the market 75 days.
Popular Neighborhoods in Clarksville ?
One of the most popular mature neighborhoods in the city is the St. Bethlehem area. The neighborhood is close to major employers, Governor’s Square Mall and Gateway Medical Center. It’s also close to major freeways and boasts a variety of small- and medium-sized homes with a median list price of $135,000. South Haven is a popular locale for families, featuring spacious homes built within the past five years, generously sized lots and a community playground. If you’re looking for a few acres or brand-new homes, some of the outlying areas are good options. Sango, to the east of Clarksville, is a prime spot for both new homes and more mature ranchettes.
Buying vs. Rent to Own Homes?
Home buyers will find plenty of advantages to purchasing a home through a rent-to-own agreement. While conventional purchases are full of stressful loan applications, in-depth credit checks and large down payments, rent-to-own processes are more relaxed. If you rent to own a home, you’ll negotiate terms with the owner, go through a credit check and pay an option fee that is considerably smaller than most down payments. You can then move into the home right away, paying the usual rent plus a nominal rent premium. The option fee and premium often go towards your eventual down payment. All of the final loan paperwork doesn’t usually have to be completed until the contract concludes, usually one to three years after the agreement is made.
Cost of Living in Clarksville ?
Living in Clarksville is wonderfully affordable. Residents pay 8 percent less than the national average for overall living expenses. Housing is the region’s best bargain, costing 25 percent less than in most other American towns. Housing isn’t the only affordable necessity, though, since food costs are more than 8 percent cheaper than the national average. Locals also save 3 to 6 percent on utilities and transportation, although health care costs are 1 percent higher than in most other towns.
Wineries, museums, Civil War sites and zombie hunting tours help make Clarksville a unique community that attracts people of all ages. Fort Campbell, respected colleges, thriving businesses and truly affordable homes contribute to the city’s vast appeal. The city’s quality of life is frequently noted by national organizations. Neighborhoods here range from historic to new, from compact to sprawling and feature a rare affordability. The icing on Clarksville’s cake is its cost of living, which is 8 percent cheaper than the national average.
Summary
Wineries, museums, Civil War sites and zombie hunting tours help make Clarksville a unique community that attracts people of all ages. Fort Campbell, respected colleges, thriving businesses and truly affordable homes contribute to the city’s vast appeal. The city’s quality of life is frequently noted by national organizations. Neighborhoods here range from historic to new, from compact to sprawling and feature a rare affordability. The icing on Clarksville’s cake is its cost of living, which is 8 percent cheaper than the national average.
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.
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