Rent to Own Homes in DeSoto
The city’s Town Center is the local hot spot, the... Read More
The city’s Town Center is the local hot spot, the site of a lively outdoor amphitheater, a library, The Corner Theatre, city offices, a civic center and a recreation center. According to the United States Census Bureau, DeSoto boasts a little more than 51,000 people. Together with its Best Southwest neighbors, the region supports nearly 170,000 residents.The below results are primarily rent to own homes in Dallas County, TX:
The city’s Town Center is the local hot spot, the... Read More
The city’s Town Center is the local hot spot, the site of a lively outdoor amphitheater, a library, The Corner Theatre, city offices, a civic center and a recreation center. According to the United States Census Bureau, DeSoto boasts a little more than 51,000 people. Together with its Best Southwest neighbors, the region supports nearly 170,000 residents.The below results are primarily rent to own homes in Dallas County, TX:
The city is part of Dallas County, and its proximity to Dallas is especially convenient for area residents. A quick drive to Dallas isn't really necessary, though, since DeSoto has everything locals need. Local schools are top-notch, managed by Dallas Independent School District and Duncanville Independent School District. Employment is fairly accessible, too, with large local employers such as Glas-Floss Industries, Sam’s Club/Walmart Distribution Center and Kohl’s E-commerce Fulfillment Center.
Buying a Home in DeSoto?
Like many suburbs of Dallas, DeSoto’s housing market is strong but stable. Home prices here have increased slightly over the past three years, but house hunters find that bargains still exist in the city. The median home price is about $260,000, and the average selling price is $235,674. Interestingly, the cheapest property to sell in DeSoto this year was bought for $300, and the most expensive home on the market was $2.8 million. With this wide range of prices, most potential homeowners have access to a variety of homes.
Popular Neighborhoods in DeSoto?
Young families and first-time homebuyers appreciate the value and space afforded by homes in the city’s northeast side in neighborhoods like Centre Estates. Homes in this neighborhood sell for an average of $130,400. Established families and professionals enjoy the spacious two-acre lots and large homes of the Frost Farms neighborhood in west DeSoto. Other upscale neighborhoods in the western area of town include Thorntree, Silver Creek and Club Ridge estates. Windmill Hill is rated the second healthiest neighborhood in the Best Southwest area, and nearby Cedar Hill’s downtown is popular for those who dream of vintage homes.
Buying vs. Rent to Own Homes ?
The luxury of time is one of the biggest benefits of renting to own a home. With conventional home purchases, you have to be ready with your financing as soon as you make an offer on a property. Financing is a little more flexible with rent to own homes. You’ll pay a nominal option fee to start the rent-to-own process, then pay a rent premium each month that contributes to your final purchase. You won’t need a mortgage until the contract period ends. Since most rent to own contracts last one to three years, you have ample time to improve your credit record and amass a larger down payment.
Diverse, convenient and entertainment-rich DeSoto is a welcoming and inclusive community. It features some of the area’s best neighborhoods, including one of the region’s healthiest communities. Whether you’re looking for a modest home in a family-friendly neighborhood or an affluent ranchette on a couple of acres, DeSoto has a home to fit nearly every house hunter’s needs.
Summary
Diverse, convenient and entertainment-rich DeSoto is a welcoming and inclusive community. It features some of the area’s best neighborhoods, including one of the region’s healthiest communities. Whether you’re looking for a modest home in a family-friendly neighborhood or an affluent ranchette on a couple of acres, DeSoto has a home to fit nearly every house hunter’s needs.
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
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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