Rent to Own Homes in Eatonton
Eatonton is best known for its farming and historical qualities. Named the Dairy Capital of Georgia, dairy farming is the major industry in Eatonton. In addition to dairy farming, Eatonton is home to the Rock Eagle Effigy Mound which is on the National Registry of Historic Places and the Plaza Arts Center.The below results are primarily rent to own homes in Putnam County, GA:
Eatonton is best known for its farming and historical qualities. Named the Dairy Capital of Georgia, dairy farming is the major industry in Eatonton. In addition to dairy farming, Eatonton is home to the Rock Eagle Effigy Mound which is on the National Registry of Historic Places and the Plaza Arts Center.The below results are primarily rent to own homes in Putnam County, GA:
Buying a Home in Eatonton?
With a median home listing price of $195,000 in Eatonton compared to the overall average median home price of $163,500 in Georgia, home values are higher in Eatonton. However, home value in Eatonton has gone down 4.21% over the last year, which means it is a good time to consider buying in Eatonton as prices are lower than they have been in the past five years. The cost of living in Eatonton is also slightly under the overall United States average, ensuring those who relocate to Eatonton are not facing high bills.
Buying Versus Rent to Own?
For those who are looking to buy a home in Eatonton, but perhaps do not have the required credit for financing or savings for the down payment, potential home buyers may find that a rent to own property is the solution. Rent-to-own properties require the tenant to rent the property for a set period of time with the understanding that after the predetermined period of time has passed, the tenant will then purchase the home. Unlike a traditional rental, part of the monthly rent will go towards the purchase of the home after the lease period. The fact that you can secure the property to buy when you are ready can be immensely positive. This allows you to move in right away, and then continue to save until you can afford to purchase your home rather than waiting until you can secure financing.
Eatonton, also known as the Dairy Capital of Georgia due to its major dairy industry, is a city proud of its historical landmarks such as the Rock Eagle Effigy Mound, a site on the National Register of Historic Places. It is also home to the Plaza Arts Center which features live performances as well as a museum detailing the town's history. Eatonton's convenient proximity to the capital of Atlanta as well as its lower cost of living and higher home value make Eatonton a solid choice for those looking to live in the north-central region of Georgia.
Summary
Eatonton, also known as the Dairy Capital of Georgia due to its major dairy industry, is a city proud of its historical landmarks such as the Rock Eagle Effigy Mound, a site on the National Register of Historic Places. It is also home to the Plaza Arts Center which features live performances as well as a museum detailing the town's history. Eatonton's convenient proximity to the capital of Atlanta as well as its lower cost of living and higher home value make Eatonton a solid choice for those looking to live in the north-central region of Georgia.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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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