Rent to Own Homes in Corpus Christi
The below results are primarily rent to own homes in Nueces County, TX:
With Corpus Christi Bay and Nueces Bay curving along the border of Corpus Christi, water plays an important role in this town. Benefiting from these natural resources, area top employers include the petrochemical, military and tourism industries. The city is home to Corpus Christi International Airport, the Naval Air Station Corpus Christi and the Port of Corpus Christi, the country’s fifth largest shipping port.
Crossing its borders into Kleberg, San Patricio and Aransas counties, three-county Corpus Christi is big enough to provide ample services and activities for its residents as well as 8 million visitors each year. For residents, the city offers excellent schools in the Corpus Christi Independent School District and respected colleges like Texas A&M University-Corpus Christi. Both locals and visitors also appreciate the city’s wide range of attractions. From the Texas State Aquarium and Whataburger Field to Mustang Island State Park, the city is filled with fun activities.
Buying a Home in Corpus Christi
Although home prices are on the rise, Corpus Christi homes are affordable and accessible. The median price for a home sold in the area is $169,950, below the median $219,400 price for the average American home. While homes are also selling 9.38 percent more quickly than last year, the average 116 days on the market is significantly longer than the 39 days an average U.S. home stays on the market. The result is a housing market that is slowly climbing but gives buyers time to consider their options.
Popular Neighborhoods in Corpus Christi
College graduates and young couples like the Bayfront/Downtown area for its entertainment options, bayfront locale and abundant jobs. The growing Calallen neighborhood is more diverse, attracting Millennials as well as families with school-aged children. Calallen sits at the north point of the city, offering appealing homes, good schools and convenient shopping. The suburban homes in Central City are more affordable than Calallen and are close to several shopping centers and Texas A&M University-Corpus Christi. An eclectic mix of residents increasingly choose to live on Padre Island, where the median age group is 50 to 59, and homes are slightly more expensive.
Buying vs. Rent to Own Homes
Buying a home in Corpus Christi can be a rewarding experience, and using a rent-to-own approach can make the process easier for many home buyers. Rent-to-own arrangements frequently use more relaxed financial requirements, and their delayed-purchase provisions often allows buyers to build up a credit rating and downpayment. These arrangements also allow the buyer to purchase the home at current house prices, a bonus in areas like Corpus Christi where real estate prices are increasing.
Cost of Living in Corpus Christi
Residents appreciate a low cost of living in Corpus Christi, paying 16 percent less than the national average for life’s necessities. Living expenses in the bay-side city are also 4.1 percent cheaper than the state average. Corpus Christi housing is the least expensive cost, a notable 34 percent lower than the U.S. average. Groceries, transportation, healthcare and other essentials are all below the norm, but utilities are 18 percent more expensive than the national average.
Corpus Christi’s 316,381 residents enjoy the ideal coastal life: beautiful bay views, accessible houses in nice neighborhoods, plenty of amenities and a low cost of living. Whether you’re a recent college graduate with an appreciation for lively entertainment and job markets or a growing family concerned about your kids’ education, Corpus Christi has a neighborhood to suit. The city’s inexpensive living costs and extremely affordable home prices enhance its already-considerable charms. With all that Corpus Christi offers its residents and visitors, it’s no surprise that the city was named a most Playful City USA.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.