Rent to Own Homes in Graham
The city of Graham is conveniently positioned between Greensboro and Durham in central North Carolina. According to the United States Census Bureau, the population of Graham is approximately 14,700 residents. In the mid-1800's, Graham was established as a town and the county seat of newly formed Alamance County. It was named after William Alexander Graham, the North Carolina governor who was completing his term at that time. The city still serves as the county seat of Alamance County today.The below results are primarily rent to own homes in :
The city of Graham is conveniently positioned between Greensboro and Durham in central North Carolina. According to the United States Census Bureau, the population of Graham is approximately 14,700 residents. In the mid-1800's, Graham was established as a town and the county seat of newly formed Alamance County. It was named after William Alexander Graham, the North Carolina governor who was completing his term at that time. The city still serves as the county seat of Alamance County today.The below results are primarily rent to own homes in :
In the mid-1990's, the Alamance County School System merged with the Burlington City School System to form the Alamance-Burlington School System, serving children living in Graham. There are two elementary schools, one middle school and one high school located within city. Graham is also home to the main campus of Alamance Community College, offering associate degrees and certificate programs in several fields of study. The Alamance County Courthouse is a pivotal piece of the area's heritage. The stately landmark stands proud in the Courthouse Square Historic District. It is listed on the National Register of Historic Places, along with several other structures in the city. Graham's community calendar is packed with events for the entire family. Residents can cool off at the annual Slice of Summer festival where water fun is the focus. Free concerts entertain locals and visitors in downtown Graham May through September. Free family-friendly movies are shown in Bill Cooke Park on Saturday evenings in September. Special events celebrating nearly every holiday round out the busy schedule.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
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
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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