Rent to Own Homes in Crosby
Crosby, TX is a small community located approximately 20 miles northeast of Houston in Harris County. It was named after railroad engineer G.J. Crosby, indicating the importance of the Southern Pacific Railroad in the mid-1800's. Crosby is also near the small community of Barrett, founded in 1889 by former slave Harrison Barrett.The below results are primarily rent to own homes in :
Crosby, TX is a small community located approximately 20 miles northeast of Houston in Harris County. It was named after railroad engineer G.J. Crosby, indicating the importance of the Southern Pacific Railroad in the mid-1800's. Crosby is also near the small community of Barrett, founded in 1889 by former slave Harrison Barrett.The below results are primarily rent to own homes in :
Although Crosby has a small population of approximately 2,300 residents, it is an active community. The Crosby Community Center offers a range of free programs for people of all ages. Participants can enjoy fitness classes, art classes and special events throughout the year. The Crosby Sports Complex hosts baseball leagues during the summer. Many special events in Crosby are supported by the Crosby Fair and Rodeo, a nonprofit organization that raises funds for education and agriculture. They operate facilities that host special events year-round. Crosby residents look forward to the annual fair, rodeo and barbeque cook-off held on the Crosby Fair and Rodeo grounds each summer. The Crosby Volunteer Fire Department protects the residents of Crosby and Barrett, and actively educates both communities in fire safety and emergency preparedness. Students who live in Crosby attend the Crosby Independent School District. The district consists of a kindergarten center, four elementary schools, one middle school and one high school. It also serves the communities of Barrett and Highlands.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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