Rent to Own Homes in Creedmoor
The city of Creedmoor is located in the North Central portion of North Carolina, less than 20 miles from the amenities and culture of Durham. According to recent data from the United States Census Bureau, the population of Creedmoor is approximately 4,500 residents.The below results are primarily rent to own homes in :
The city of Creedmoor is located in the North Central portion of North Carolina, less than 20 miles from the amenities and culture of Durham. According to recent data from the United States Census Bureau, the population of Creedmoor is approximately 4,500 residents.The below results are primarily rent to own homes in :
Creedmoor High School was built in the early 1900's. The Creedmoor School educated children in first through twelfth grades in its early years. Families living in Creedmoor today are served by Granville County Public Schools. Mount Energy Elementary School, Creedmoor Elementary School, G.C. Hawley Middle School, South Granville High School and Granville Early College High School are all located within the city of Creedmoor. While the city of Creedmoor is small, recreation programs are a large part of what makes this city a desirable location. The Creedmoor Parks and Recreation Department maintains picnic areas, playgrounds, athletic facilities and a fitness trail for residents to enjoy. Boat access and pier fishing are available at Lake Rogers. Community events designed for all ages are planned year-round in Creedmoor. Residents look forward to the Creedmoor Music Festival, held annually in September. This anticipated event features live performances from local musicians, food, vendors and children's activities. Other popular events among locals include First Fridays in Creedmoor, Fireman's Day and the Fourth of July Picnic and Fireworks.
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
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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