Rent to Own Homes in Georgetown
Georgetown is located in the heart of Texas, 30 miles north of Austin. The city was appropriately named Georgetown after George Washington Glasscock, who donated land for the settlement's development in 1848. CNN, USA Today and U.S. News and World Report rank Georgetown as one of the fastest-growing cities in the United States. According to the United States Census Bureau, the population of Georgetown is just over 67,000 residents.The below results are primarily rent to own homes in :
Georgetown is located in the heart of Texas, 30 miles north of Austin. The city was appropriately named Georgetown after George Washington Glasscock, who donated land for the settlement's development in 1848. CNN, USA Today and U.S. News and World Report rank Georgetown as one of the fastest-growing cities in the United States. According to the United States Census Bureau, the population of Georgetown is just over 67,000 residents.The below results are primarily rent to own homes in :
Georgetown is a favored location for retirees. Sun City Texas is a retirement community within Georgetown that offers over 60 neighborhoods and a range of amenities to its residents. Originally named Sun City Georgetown, the community changed its name to Sun City Texas to reflect its size and popularity among retirees from all areas of Texas. Downtown Georgetown is the heartbeat of Williamson County. The Georgetown Cultural District surrounds the city's Downtown Square. Here residents can explore the Georgetown Art Center or the Georgetown Public Library, take in a live performance at the Palace Theatre or host a special event at the Grace Heritage Center. Unique dining, eclectic boutiques and galleries line the Downtown Square. Locals can always experience something new with the variety of markets, festivals and community events held in the Downtown Square of Georgetown. Outdoor enthusiasts can head to Lake Georgetown for fishing, hiking, boating or picnicking in the mild Central Texas climate. The lake and its recreational facilities are maintained by the U.S. Army Corps of Engineers.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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