Rent to Own Homes in Dayton
Residential Dayton includes more than 2,000 households. A little less than half of these households include children under the age of 18. The Dayton Independent School District receives high ratings in many categories, and there is a strong emphasis on academic programs. The local economy is strongly influenced by various Texas Department of Criminal Justice Facilities which employ a large number of the city's residents. These facilities include the Dayton District Parole Office.The below results are primarily rent to own homes in Liberty County, TX:
Residential Dayton includes more than 2,000 households. A little less than half of these households include children under the age of 18. The Dayton Independent School District receives high ratings in many categories, and there is a strong emphasis on academic programs. The local economy is strongly influenced by various Texas Department of Criminal Justice Facilities which employ a large number of the city's residents. These facilities include the Dayton District Parole Office.The below results are primarily rent to own homes in Liberty County, TX:
This city has a rich history that is tied to the earliest days of railroad service in the country. Dayton Station was a primary stop on the Texas and New Orleans Railroad in 1860. There are many historical buildings which still stand in Dayton. These include the old West Liberty Post Office and Old School Museum.
Buying a Home in Dayton
The median cost of a home in Dayton is just over $114,000. This is far below the national and state averages. Potential buyers will find exceptional values in the local market with property values showing a moderate increase in recent years. Those who choose to pursue traditional financing can expect monthly payments in the range of $800-$1,000.
A sizable number of homes in Dayton are established and are more than 25 years old. It is very possible to find a nice older home in Dayton and restore it to its former grandeur. Those who seek more modern dwellings will find the majority of housing units in the city were built after 1990 and have three or more bedrooms.
Popular Neighborhoods in Dayton
The City Center neighborhood of Dayton occupies the eastern half of the city. Here, individuals will find quiet surroundings that are in close proximity to many of the city's retail shops and other businesses. Some areas of this neighborhood are within walking distance to retail areas, and it is also close to school campuses. The Eastgate community is located on the city's northern border and is one of the most expensive places to live. The homes in this community are affluent and priced above the city's median. Most of the residents of Eastgate are older couples that no longer have children living at home.
Buying vs. Rent to Own Homes
Buying a home can present many challenges, not the least of which is qualifying for a traditional mortgage loan. First-time home buyers who wish to avoid this process may want to consider a rent to own home as an alternative. These homes do not require standard qualifying and allow the prospective buyer to live in the home as a renter with an option to purchase at a later date. A portion of the monthly rent is set aside as equity which can be used for a down payment.
Summary
Dayton is a historical East Texas city that will appeal to individuals with an appreciation for outdoor living. It is a small town that reflects southern charm at its finest. Dayton has a strong local economy and good schools that are regularly rated high according to academic test scores. Buying a home in this quaint town where life moves at a slow place is every family's dream.
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
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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