Rent to Own Homes in College Station
College Station city is located within the Brazos Valley and the Texas Triangle region. It joins with the city of Bryan to form the Bryan-College Station metropolitan area, and many residents travel between the two cities as if they were joined as one. While there are a lot of well-educated professionals who live in the city or just outside city limits, this is still your typical college town when it comes to the nightlife. Areas like the Northgate District ensure that residents and visitors of all ages are well fed and properly entertained at all hours of the day and night.
When you visit or take up residence in Aggie Land, you also have access to a variety of sporting events on campus as well as entertainment at the Reed Arena. You can explore the stacks at the George Bush Presidential Library or shop a mix of modern boutiques and valuable antiques in nearby downtown Bryan.
Buying a Home in College Station?
Residents and newcomers to College Station often consider homes within city limits as well as within the nearby city of Bryan. This is a varied marketplace that includes a lot of luxury homes and open lots where you can build your dream home. Spectacular modern homes with all the luxuries of upscale living are available as your primary residence, your vacation home, or even your investment property. There are also more affordable homes available in cozy neighborhoods, so students and those with a more modest budget can still find suitable homes.
Popular Neighborhoods in College Station?
It's not difficult to find prestigious College Station neighborhoods and gated communities featuring luxury homes and a variety of on-site outdoor amenities. One shining example is the Nantucket gated community park. It features a large fishing lake that is exclusively for residents, and home prices can range from the upper $400,000s to nearly $700,000. Most homes within the community have four bedrooms and at least two bathrooms, and they generally have more than 3,000 square feet. Lot sizes are generally close to two acres, and you can sometimes find three-bedroom homes with less square footage.
You can also find neighborhoods where homes are more spread out and properties include agricultural fields and horse stables. Those homes can easily sell for millions. If you want to find more affordable housing, look closer to the university where many students rent apartments and smaller homes.
Buying vs. Rent to Own Homes?
You're ready to settle down in College Station, but you have some obstacles that are delaying your journey to homeownership. This is a common problem for first-time home buyers or those trying to regain financial stability after struggling through difficult times. If you want to purchase a home but need to rent in the short term, consider a rent-to-own agreement. You start out as a renter, but you have the exclusive right to purchase the property before a specified date.
This is a great way to lock down your dream home so that other buyers cannot make an offer before you're ready to purchase the property. While not all College Station homes currently offer this type of agreement, you will find that more sellers are willing to extend this opportunity because it's mutually beneficial.
Cost of Living in College Station?
Even though College Station is home to many luxury homes and gated communities, the overall cost of living remains approximately 5 percent lower than the national average. This is one city where you can find upscale homes with a variety of community amenities for $500,000 or less, and that includes properties in some of the most prestigious and safest neighborhoods. Transportation is often the largest expense for residents, and the cost of food is typically 10 percent lower than the national average.
As home to the Texas A&M University main campus and a variety of research projects for big agencies like NASA, College Station contains a healthy mix of well-educated professionals and young students on their way to becoming educated professionals. While there are lively entertainment districts dedicated to the student lifestyle, there are also many upscale neighborhoods and gated communities that cater to the more mature resident.
Even the most exclusive neighborhoods feature reasonable home prices, so this is a good place to live if you want a luxury home without paying luxury prices. You can also find large farmlands and spacious homes with no neighbors in sight.
Summary
As home to the Texas A&M University main campus and a variety of research projects for big agencies like NASA, College Station contains a healthy mix of well-educated professionals and young students on their way to becoming educated professionals. While there are lively entertainment districts dedicated to the student lifestyle, there are also many upscale neighborhoods and gated communities that cater to the more mature resident.
Even the most exclusive neighborhoods feature reasonable home prices, so this is a good place to live if you want a luxury home without paying luxury prices. You can also find large farmlands and spacious homes with no neighbors in sight.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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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