Rent to Own Homes in Decatur
Affectionately known as the River City for its key location on the Tennessee River, Decatur is both historic and modern. In the early 19th century, the town was renamed for Stephen Decatur at the request of President Monroe. By the 1830s, river travel and the Tuscumbia, Courtland and Decatur Railroad drew many people and enterprises to the city. In 1925, New Decatur and... Read More
Affectionately known as the River City for its key location on the Tennessee River, Decatur is both historic and modern. In the early 19th century, the town was renamed for Stephen Decatur at the request of President Monroe. By the 1830s, river travel and the Tuscumbia, Courtland and Decatur Railroad drew many people and enterprises to the city. In 1925, New Decatur and Decatur merged to form one city.
Today, Decatur continues to build upon its roots as a railroad and shipping hub, creating a modern economy based on transportation, manufacturing and technology. Some of the city’s large employers include General Electric, Coca-Cola, International Paper and Decatur General Hospital. These and other companies provide employment for the town’s 56,000 residents and the 154,000 residents of the two-county large Decatur-Alabama Metropolitan Area. Decatur city limits also include Wheeler National Wildlife Refuge, Decatur Mall and part of the east bank of the Tennessee River.The below results are primarily rent to own homes in Morgan County, AL:
Affectionately known as the River City for its key location on the Tennessee River, Decatur is both historic and modern. In the early 19th century, the town was renamed for Stephen Decatur at the request of President Monroe. By the 1830s, river travel and the Tuscumbia, Courtland and Decatur Railroad drew many people and enterprises to the city. In 1925, New Decatur and... Read More
Affectionately known as the River City for its key location on the Tennessee River, Decatur is both historic and modern. In the early 19th century, the town was renamed for Stephen Decatur at the request of President Monroe. By the 1830s, river travel and the Tuscumbia, Courtland and Decatur Railroad drew many people and enterprises to the city. In 1925, New Decatur and Decatur merged to form one city.
Today, Decatur continues to build upon its roots as a railroad and shipping hub, creating a modern economy based on transportation, manufacturing and technology. Some of the city’s large employers include General Electric, Coca-Cola, International Paper and Decatur General Hospital. These and other companies provide employment for the town’s 56,000 residents and the 154,000 residents of the two-county large Decatur-Alabama Metropolitan Area. Decatur city limits also include Wheeler National Wildlife Refuge, Decatur Mall and part of the east bank of the Tennessee River.The below results are primarily rent to own homes in Morgan County, AL:
Buying a Home in Decatur?
Homes in Decatur are attractive for their variety, friendly neighborhoods and affordable prices. In fact, home prices have remained relatively flat at $145,000 to $150,000 since October 2014, but recent months have seen a gradual growth. Currently, the median list price is $168,000, with a price per square foot of $80. The good news for homebuyers is that the actual median sale price is a much more affordable $120,000. Even with the rising home costs, the $80 per square foot price is remarkably affordable compared to the national median price of $139.
Buying vs. Rent to Own Homes ?
Renting to own a home is often more financially convenient and much less stressful than buying a home the conventional way. With a rent to own home, you can use the length of the rent-to-own contract to build up a down payment, improve your credit rating and pay incrementally toward your final home purchase. You can start the rent-to-own process with a moderate option fee, and you can move into the house right away. In comparison, a conventional home purchase requires an upfront down payment, a quickly arranged mortgage and a waiting period of 30 to 90 days before move-in.
Northern Alabama’s River City, Decatur is a lively manufacturing and transportation center. Whether shipping goods on the Tennessee River or trucking them down Interstate 65, the town offers a wide variety of logistical options for industry. Decatur also offers its residents many options when it comes to housing. The city’s affordable housing market includes about 570 homes for sale at any given time, half selling for less than $120,000. These homes range from nice houses in established neighborhoods to grand new homes on large properties. Whatever your preference, Decatur homes are especially affordable when compared to national home prices.
Summary
Northern Alabama’s River City, Decatur is a lively manufacturing and transportation center. Whether shipping goods on the Tennessee River or trucking them down Interstate 65, the town offers a wide variety of logistical options for industry. Decatur also offers its residents many options when it comes to housing. The city’s affordable housing market includes about 570 homes for sale at any given time, half selling for less than $120,000. These homes range from nice houses in established neighborhoods to grand new homes on large properties. Whatever your preference, Decatur homes are especially affordable when compared to national home prices.
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.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
- 35601
- 35603
- 35602
- 35699
- 35609