Rent to Own Homes in Cleburne
The reservoir was built in 1961 by damming the Nolan River. It is a now a popular area for boating, water skiing, swimming, and fishing. The lake is well stocked with largemouth bass, white bass, channel catfish, flathead catfish, blue catfish, and white crappie.The below results are primarily rent to own homes in Johnson County, TX:
The reservoir was built in 1961 by damming the Nolan River. It is a now a popular area for boating, water skiing, swimming, and fishing. The lake is well stocked with largemouth bass, white bass, channel catfish, flathead catfish, blue catfish, and white crappie.The below results are primarily rent to own homes in Johnson County, TX:
Cleburne is a city of 30,000 residents and is the county seat of Johnson County. It is just a few miles south of Fort Worth, and on the edge of the Dallas-Fort Worth metroplex. This metropolitan area of over 7 million is the largest inland metroplex in the United States and the fourth largest metropolitan area in the nation. It encompasses more land area than the states of Rhode Island and Connecticut combined.
Buying a Home in Cleburne
The median home price in Cleburne, at $103,000, is 45 percent below the national average. Present home listings in the city range from $63,600 to $432,900. Approximately 63 percent of the residential property is owner occupied. The cost of living comes in 13 percent below the national average.
The median age of Cleburne’s residents is 33.2, and approximately 55 percent of the population is married. The annual income per capita is about $21,400, and the median annual household income is $48,200.
Cleburne Independent School District serves the city’s residents. The district includes seven elementary schools, two middle schools, and one high school, Cleburne High School. A Christian academy is also in the city. The schools are rated from 3 to 8 (out of 10) by GreatSchools, so families with children who are still in school should do some investigating when looking for a neighborhood.
Popular Neighborhoods in Cleburne
There are seven constituent neighborhoods that make up the city of Cleburne. The FM 1718/S Walnut St. neighborhood extends southwest from the city center toward the reservoir. The residential property is mostly medium- to large-sized single-family homes and small apartment buildings. This quiet neighborhood is rated in the top 12 percent of areas for retirees in the Lone Star State. The median home cost is about $172,700.
The Route 67/FM 1434 neighborhood includes the reservoir. This is the largest neighborhood in Cleburne, and it also takes in Cleburne State Park, which is centered around Cedar Lake. The residential property is mostly medium- to large-sized single-family homes and mobile homes. The majority is owner occupied. The median home cost is about $155,500.
Buying vs. Rent to Own Homes
Perhaps Cleburne sounds like an appealing place to move and settle down. However, qualifying for financing isn’t easy, and the down payment is out of reach for some. Many are turning to rent-to-own options. When the rent is paid each month, part of it is applied to a down payment that gradually accrues and can eventually be used to buy the house. An initial large layout of cash is not needed, and renters can look forward to becoming homeowners.
Summary
With mild winters and hot summers, Cleburne and its environs can be enjoyed all year. The proximity to the Fort Worth-Dallas area means that big-city amenities such as shopping, entertainment, fine dining, nightlife, and – yes – employment are close by. With family friendly neighborhoods and job growth that is projected to be 37 percent over the next ten years, Cleburne should be in the running if you’re looking for a place to make a fresh start.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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