Rent to Own Homes in Deatsville
Deatsville is a small town in Elmore County, located in Central Alabama. A little more than 1,100 people live in Deatsville, according to the U.S. Census Bureau, and those residents report a median income of $59,583. Deatsville has an area of 4.78 square miles, and it was initially incorporated in 1903.The below results are primarily rent to own homes in :
Deatsville is a small town in Elmore County, located in Central Alabama. A little more than 1,100 people live in Deatsville, according to the U.S. Census Bureau, and those residents report a median income of $59,583. Deatsville has an area of 4.78 square miles, and it was initially incorporated in 1903.The below results are primarily rent to own homes in :
At the time of the 2010 United States Census, Deatsville residents had an average household size of 2.95 and an average family size of 3.28. The median age of Deatsville’s population is 34, although nearly a third of the town’s residents are under the age of 18. Elmore County School serves Deatsville’s sizeable youth population. Deatsville’s youngest kids attend Holtville Elementary School, while older kids attend Holtville Middle School and Holtville High School. Holtville High School is the home of the Bulldogs, offering students a chance to participate in a variety of clubs, including DECA, FFA, the Book Club, BETA and Yearbook. For many residents, Deatsville is a nice home base for working in nearby Montgomery. Several highways are convenient to Deatsville residents, leading to many points across Alabama and beyond. Highways 143, 7 and 267 pass through town and Interstate 65 is just to the west of town. Some of the region's top industries include healthcare, education, aerospace, hospitality and manufacturing. Lake Jordan is also near Deatsville, providing many recreation options. Bass fishing is one of the prime ways to enjoy the lake, and boat ramps are available at several points around the lake. Crappie, bluegills and sunfish are also stocked in the lake.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
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.
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