Rent to Own Homes in Decatur
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Many residents still choose to stay close to home, since the city of Decatur offers family-friendly events throughout the year. This includes the popular Decatur Arts Festival that kicks off every May as well as art walks, wine crawls, races and live outdoor entertainment. The city is also known for its public art, including a popular exhibit called Commodore Stephen Decatur. Residents and visitors also come together at Decatur Square to enjoy musical entertainment, restaurants and shops all in one convenient place.The below results are primarily rent to own homes in DeKalb County, GA:
Many... Read More
Many residents still choose to stay close to home, since the city of Decatur offers family-friendly events throughout the year. This includes the popular Decatur Arts Festival that kicks off every May as well as art walks, wine crawls, races and live outdoor entertainment. The city is also known for its public art, including a popular exhibit called Commodore Stephen Decatur. Residents and visitors also come together at Decatur Square to enjoy musical entertainment, restaurants and shops all in one convenient place.The below results are primarily rent to own homes in DeKalb County, GA:
Some of the most noteworthy attractions in the Decatur area include Woodlands Garden and the DeKalb History Center Museum. There are also many parks dotting the city's landscape, including Oakhurst Park, Glenlake Park and Scott Park. There are many residential areas within close proximity of these parks as well as top-rated schools operated by the Decatur City School District.
Buying a Home in Decatur?
As a busy Atlanta suburb, Decatur has a large real estate market that can easily feature more than 1,000 homes at once. This is also an aggressive market, so it's not uncommon for homes to sell within days or weeks of the listing date. Many homes receive multiple offers before a sale is closed, and it's common for buyers to pay more than asking price for properties in the most exclusive neighborhoods. This market moves fast, so you should plan to make an offer quickly when you find a home that meets your needs.
Popular Neighborhoods in Decatur?
If you want to live within walking distance of downtown Decatur or prefer to live close to one of the best elementary schools in the city, consider the Great Lakes neighborhood. This community features tree-lined streets and well-maintained properties. The average real estate price is typically around $400,000, but prices can go as low as $300,000 or well over $1 million. For lower real estate prices, consider the Forrest Hills neighborhood. Homes typically sell for less than $200,000 in this area.
Buying vs. Rent to Own Homes?
Most potential buyers spend a year or longer preparing for homeownership. They save money for the down payment, improve their credit score and pay off outstanding debts reflected on their credit reports. If you're actively preparing for the home-buying process, you may consider rent-to-own properties. These homes allow you to rent in the short term with the intention of purchasing the property in the long term. You only have to move one time, since the house that you start out renting eventually becomes your long-term home.
Cost of Living in Decatur?
The cost of housing in Decatur can double the national average at times, and that has a big impact on the overall cost of living. While most residents pay slightly below-average prices for utilities, most other expenses come in just over the national average. This leads to a higher cost of living than many people can afford.
Decatur is a suburb of Atlanta, Georgia, and more than 20,000 residents call the city home. Residents are attracted to this area because they can easily commute to Atlanta for entertainment and employment purposes, and some large cities in Tennessee are a short drive away as well. From museums and art galleries to some of the best restaurants and shopping centers in the state, this is an active city suitable for professionals as well as growing families. The city also invests heavily in street festivals, art walks, wine crawls and outdoor entertainment for locals as well as visitors.
Summary
Decatur is a suburb of Atlanta, Georgia, and more than 20,000 residents call the city home. Residents are attracted to this area because they can easily commute to Atlanta for entertainment and employment purposes, and some large cities in Tennessee are a short drive away as well. From museums and art galleries to some of the best restaurants and shopping centers in the state, this is an active city suitable for professionals as well as growing families. The city also invests heavily in street festivals, art walks, wine crawls and outdoor entertainment for locals as well as visitors.
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
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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