Rent to Own Homes in Florence
The average commute time for Florence residents is typically under 10 minutes, reflecting the number of businesses offering jobs within city lines. Employment is readily available through the manufacturing industry as well as with the local school system and the city's medical facilities. With a new hospital established in East Florence and small businesses coming to town, job opportunities are expected to grow along with the population in coming years.The below results are primarily rent to own homes in Lauderdale County, AL:
The average commute time for Florence residents is typically under 10 minutes, reflecting the number of businesses offering jobs within city lines. Employment is readily available through the manufacturing industry as well as with the local school system and the city's medical facilities. With a new hospital established in East Florence and small businesses coming to town, job opportunities are expected to grow along with the population in coming years.The below results are primarily rent to own homes in Lauderdale County, AL:
Many Florence families are attracted to the city due to the many educational opportunities. For higher education, adults can attend the University of North Alabama, which was once known as Florence State College. Kids in kindergarten through 12th grade attend schools operated by Florence City Schools. This school system includes Florence High School, Florence Middle School, the Florence Freshman Center and a collection of elementary schools. There are also some private schools in town, giving students an alternative to public education.
Buying a Home in Florence?
If you're moving to Florence with children or teenagers, the best public schools are Forest Hills School, Underwood Elementary and Rogers High School. Most public schools provide a high quality of education, but you can also select from a few local private schools. Approximately 70 percent of residents own their homes, and you can expect to see median home prices under $150,000. If you plan on commuting to work, you may want to select a neighborhood that's close to the highway.
Popular Neighborhoods in Florence?
One of the most popular Florence neighborhoods is located in the southeastern portion of the city. Known as St. Florian, this area is positioned northwest of the University of North Alabama and borders the Tennessee River. There are many large homes with at least three or four bedrooms in this area, and you can expect median real estate prices over $200,000. For lower real estate prices, look in the southwestern corner of the city to a neighborhood known as Woodland. The homes are a little older and most are small with two or three bedrooms, but the median real estate price is closer to $100,000.
Buying vs. Rent to Own Homes?
Rent-to-own homes in Florence are a good option for any consumer interested in purchasing a home within the next few years. These properties offer unique contracts that start out with a rental period. In some cases, a portion of the rental payment is saved for future use as a down payment. When you invest in this type of home, you have a specified period of time to purchase the property or move out to give another buyer a chance. As long as you follow through with the purchase, you will leave renting behind and become a homeowner.
Florence is a city in northwestern Alabama with a population of around 40,000 residents. The city offers a small-town living environment with affordable housing and low crime rates, but it's also a short drive from many larger cities like Nashville, Memphis and Atlanta, Georgia. This area has a moderate climate with hot summers and winter highs around 55 degrees Fahrenheit, and the city offers employment through manufacturing companies and the local school system. Most residents spend less than 10 minutes commuting for employment.
Summary
Florence is a city in northwestern Alabama with a population of around 40,000 residents. The city offers a small-town living environment with affordable housing and low crime rates, but it's also a short drive from many larger cities like Nashville, Memphis and Atlanta, Georgia. This area has a moderate climate with hot summers and winter highs around 55 degrees Fahrenheit, and the city offers employment through manufacturing companies and the local school system. Most residents spend less than 10 minutes commuting for employment.
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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