Rent to Own Homes in Florence
You'll find Florence in south-central Mississippi, approximately 12 miles south of Jackson and 75 miles northwest of Hattiesburg. This small town is approximately 40 miles west of the Bienville National Forest and about 75 miles southeast of the Delta National Forest. This places residents within a two-hour drive of beautiful natural areas suitable for long weekends and vacations. The town is connected to surrounding communities by U.S. Route 49 and is a part of Rankin County.The below results are primarily rent to own homes in :
You'll find Florence in south-central Mississippi, approximately 12 miles south of Jackson and 75 miles northwest of Hattiesburg. This small town is approximately 40 miles west of the Bienville National Forest and about 75 miles southeast of the Delta National Forest. This places residents within a two-hour drive of beautiful natural areas suitable for long weekends and vacations. The town is connected to surrounding communities by U.S. Route 49 and is a part of Rankin County.The below results are primarily rent to own homes in :
Some of the biggest attractions in the Florence area include Hemphill Park, Hoover Lakes and the Pearl River. The population grew from over 2,000 residents in 2000 to over 4,000 residents in 2010. The city was expected to continue growing, but the population increased by fewer than 300 people between 2010 and 2016. Florence remains a small town with a median income over $30,000 per household or $40,000 for family. Students in Florence are served by The Rankin County School District. The public-school system includes two elementary schools plus Florence High School and Florence Middle School. The city was once home to Wesley College, but it was closed in 2010. Most residents commute to larger surrounding cities for higher education as well as employment opportunities.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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