Rent to Own Homes in Clinton
You'll find the city of Clinton approximately 10 miles west of Jackson in west-central Mississippi. This area is about 50 miles west of the Bienville National Forest, 26 miles southwest of the Ross R. Barnett Reservoir and five miles west of the Jackson Zoological Park. There are also some outdoor recreation areas within city limits, including Brighton Park, Frierson Field, MC Tennis Complex and Traceway Park.
The below results are primarily rent to own homes in Hinds County:
Clinton is a small city located a short drive from Jackson in west-central Mississippi. The city is known as home to the Mississippi Brilla soccer team, one college and a variety of family-friendly green spaces suitable for outdoor recreation. The city is intersected by Interstate 20, and Interstate 220 is just east of city limits. This allows residents to increase their employment opportunities by commuting to nearby communities. The real estate market in Clinton tends to stay significantly below the national average, and the median listing price for homes is well below $200,000. It's not uncommon for buyers to find properties listed for less than $100 per square foot in some neighborhoods.
You'll find the city of Clinton approximately 10 miles west of Jackson in west-central Mississippi. This area is about 50 miles west of the Bienville National Forest, 26 miles southwest of the Ross R. Barnett Reservoir and five miles west of the Jackson Zoological Park. There are also some outdoor recreation areas within city limits, including Brighton Park, Frierson Field, MC Tennis Complex and Traceway Park.
The land now known as Clinton was originally called Mount Salus in honor of plantation owner Walter Leake. It was founded in 1823, and the name was changed in 1828 to honor former New York governor DeWitt Clinton. Historically, the city was known as home of Camp Clinton, which housed thousands of German prisoners of war during World War II. In 1875, the Clinton Riot created racial and political tension, leading to more than 50 deaths.
Clinton started out with fewer than 600 residents in 1880, but there are now more than 25,000 residents. The city is home to Mississippi College, and younger students attend schools managed by the Clinton Public School District. This system includes a few elementary schools, two junior high schools and one high school. Students may also choose to attend the city's two private Christian schools, both of which serve students from kindergarten through 12th grade.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
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’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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