Rent to Own Homes in Grand Bay
Grand Bay is a census-designated place located in the southwestern corner of Alabama. The area is less than five miles north of the Gulf of Mexico coastline and is just east of the Grand Bay Wildlife Management Area. Interstate 10 runs just north of the city, and U.S. Route 90 cuts through the center of town. These major roadways keep residents connected to surrounding cities for employment and entertainment opportunities.The below results are primarily rent to own homes in :
Grand Bay is a census-designated place located in the southwestern corner of Alabama. The area is less than five miles north of the Gulf of Mexico coastline and is just east of the Grand Bay Wildlife Management Area. Interstate 10 runs just north of the city, and U.S. Route 90 cuts through the center of town. These major roadways keep residents connected to surrounding cities for employment and entertainment opportunities.The below results are primarily rent to own homes in :
While Grand Bay isn't recognized as an independent city, the area is served by its own volunteer fire department, and Grand Bay Water Works provides water and limited sewer services. The Mobile County Sheriff's department also operates a satellite office to ensure that the area is well protected. Growth in this region was originally sparked by the Grand Bay Land Company, and there are currently more than 3,000 residents currently living within the area. The median income per family and household was around $50,000 as of 2010. The economy in this region was once dominated by the production of pecans, peaches, watermelon and other fruits. Today, some residents still work in agriculture, but the job market is now more diversified. Some residents work in retail stores, restaurants and small businesses within the area while others take the 30-minute commute to Mobile. There are also employment opportunities in other surrounding cities.
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
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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