Rent to Own Homes in Fredericksburg
Rich in history, Fredericksburg began its life as a prominent port in the American colonial era. It was the home of two battles during the U.S. Civil... Read More
Rich in history, Fredericksburg began its life as a prominent port in the American colonial era. It was the home of two battles during the U.S. Civil War, located midway between the Union and Confederate capitals. Today, the Fredericksburg and Spotsylvania National Military Park preserves part of the battlefields of the Civil War and helps to bring nearly 1.5 million tourists each year to the Fredericksburg area.The below results are primarily rent to own homes in Fredericksburg City City (County Equiv), VA:
Rich in history, Fredericksburg began its life as a prominent port in the American colonial era. It was the home of two battles during the U.S. Civil... Read More
Rich in history, Fredericksburg began its life as a prominent port in the American colonial era. It was the home of two battles during the U.S. Civil War, located midway between the Union and Confederate capitals. Today, the Fredericksburg and Spotsylvania National Military Park preserves part of the battlefields of the Civil War and helps to bring nearly 1.5 million tourists each year to the Fredericksburg area.The below results are primarily rent to own homes in Fredericksburg City City (County Equiv), VA:
The city is home to the University of Mary Washington, a private, four-year university with around 4,000 students and a range of large commercial and shopping centers. Fredericksburg, with its historic, small-town vibe and many activities and amenities, is home to a large number of commuters to jobs in Washington and Richmond, and enjoys rail connections to both cities.
The center of the city's downtown contains the 40-block Fredericksburg Historic District, with over 350 historic buildings. Crowds of tourists flock to the downtown in the summer months; the area is also home to a wide range of popular, innovative shops, restaurants and cafes. Multiple public parks in the city feature picnic areas, athletic fields and green spaces with walking trails.
The Fredericksburg City Public School system manages public education in the city, with two elementary schools, one middle school and one high school.
Buying a Home in Fredericksburg?
With strong schools, a range of activities, a bustling downtown and easy commutes to Washington and Richmond, the city is a popular destination for individuals, couples and families. The median value of homes in the city is $248,000 and the median price of homes for sale in Fredericksburg is $319,000. Rentals in the city have a median price of $1,450, above the national average but significantly below the Washington, DC regional median of $2,000.
Popular Neighborhoods in Fredericksburg?
One of the most popular neighborhoods in the city is its bustling downtown area, with a wide array of historic buildings, public events and popular shops and restaurants. Homes in the downtown area tend toward the more expensive side; however, these homes are also very close to all of the amenities of the city and to the trains to Washington and Richmond, a boon for commuters. For those who enjoy a quieter atmosphere, the neighborhoods around the downtown area offer easy access to hikes and parks and a family-friendly atmosphere, with close-knit communities.
Buying vs. Rent to Own Homes?
You may be certain that you want to make Fredericksburg your permanent home and embark on the journey of homeownership. However, you may also want some additional time to save up for your down payment or to improve your credit for mortgage eligibility and the best rates. In this case, a rent to own home may be a good choice for you. You'll agree on the purchase of a home and move in today; however, you'll rent the home for a fixed period while you save up your down payment or optimize your credit. At the end of the lease period, you'll buy your home. This option can help you get started becoming a homeowner now.
Cost of Living in Fredericksburg?
Like most places in the Washington, DC metropolitan area, the cost of living in Fredericksburg is above the United States average. Housing is the biggest part of that difference, as housing costs in the city are on average 31 percent above the national midpoint. However, groceries, utilities and transportation are also above the national average.
With an easy commute to Washington, DC or Richmond, Fredericksburg is a historic small city that is becoming a center of youthful commuter life and growing, family-friendly neighborhoods. Host to an array of shops and restaurants as well as easy rail and road connections to the major cities of the region, Fredericksburg is a community that can make a great home for families, couples and individuals.
Summary
With an easy commute to Washington, DC or Richmond, Fredericksburg is a historic small city that is becoming a center of youthful commuter life and growing, family-friendly neighborhoods. Host to an array of shops and restaurants as well as easy rail and road connections to the major cities of the region, Fredericksburg is a community that can make a great home for families, couples and individuals.
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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