Rent to Own Homes in Granbury
The Granbury Opera House is home to the Granbury Theatre Company. The venue regularly presents popular musicals and concerts. The arts are big in the city, and the Granbury Independent School District has many programs that are designed to encourage artistic development among young people. Both Granbury High School and Granbury Middle School are also highly rated for their academics.The below results are primarily rent to own homes in Hood County, TX:
The Granbury Opera House is home to the Granbury Theatre Company. The venue regularly presents popular musicals and concerts. The arts are big in the city, and the Granbury Independent School District has many programs that are designed to encourage artistic development among young people. Both Granbury High School and Granbury Middle School are also highly rated for their academics.The below results are primarily rent to own homes in Hood County, TX:
Individuals in the city are served by the highly-rated Lake Granbury Medical Center. There is also the Granbury Regional Airport which provides commercial commuter flights to many areas of the Southern United States. With its quiet neighborhoods, good schools, and appreciation for fine art, Granbury is one of the best cities in Texas for families.
Buying a Home in Granbury
The median price of a home in Granbury is $132,000. This number, while well below the national median, makes home ownership in the city slightly more expensive than it is in other Texas cities. A traditional mortgage can require payments of $1,100 per month or more depending on qualifying factors.
Many homes in the city are modern structures. A large percentage were built after 1990. It is also common in this market to find medium-sized to large homes with three bedrooms or more. There are smaller units available which will suit singles. More than half of the homes in the city are owner-occupied, but there are still values to be found in the local market.
Popular Neighborhoods in Granbury
The Pecan Plantation neighborhood in Granbury is listed among the top 15% highest income neighborhoods in the United States. The homes in this section of the city have a median value of $267,000. Pecan Plantation is also home to its own regional airstrip which provides recreational flights. Among the most affordable neighborhoods in the city is Oak Trail Shores which occupies a portion of the city's northern edge. Homes in this neighborhood have a median value of just over $100,000. The residents of this neighborhood tend to be younger than those of Pecan Plantation.
Buying vs. Rent to Own Homes
Buying a home can be both exciting and stressful. The joy of the experience can be tempered by the hurdles of a traditional mortgage. A good alternative for first-time home buyers can be a rent to own home. These homes allow prospective buyers to rent the home with an option to purchase it at a later date. A portion of the monthly rent is set aside as equity that can be used for a down payment. This scenario can also give buyers the chance to determine if the home will be a good fit without committing to a home loan.
Summary
Those who love fine arts and beautiful historic surroundings will love Granbury, Texas. This small town of 8,000 residents has great schools which are known for their excellent academic programs. Lake Granbury and the nearby Brazos River provide many outdoor activities in this city where the climate is friendly year-round. Local attractions include the Granbury Opera House, one of the most famous artistic venues in the United States.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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