Rent to Own Homes in Grays Creek
Gray's Creek Township is located in the south central part of North Carolina. It encompasses parts of the city of Fayetteville and the town of Hope Mills. This Cumberland County township combines rural living with a close proximity to the amenities of a larger city.The below results are primarily rent to own homes in :
Gray's Creek Township is located in the south central part of North Carolina. It encompasses parts of the city of Fayetteville and the town of Hope Mills. This Cumberland County township combines rural living with a close proximity to the amenities of a larger city.The below results are primarily rent to own homes in :
Families residing in Gray's Creek are generally served by Cumberland County Schools. The district consists of several elementary schools, however, many children living in Gray's Creek attend Alderman Road Elementary, Gallberry Farm Elementary or Gray's Creek Elementary. Most students in the community attend Gray's Creek Middle School and Gray's Creek High School for upper grades. All of these schools are located in Hope Mills or Fayetteville. The median household income in Cumberland County, where Gray's Creek is located, is nearly $45,000 per year. Health care/social assistance, retail and education are the top three employment industries in the county. Gray's Creek is within 45 minutes of Pope Air Force Base and Fort Bragg, making military operations an important part of the economy in this area. Cumberland County offers an extensive parks and recreation department to Gray's Creek residents. The area boasts multiple parks with picnic areas, athletic facilities, playgrounds and green space. Trails suitable for walkers, runners and cyclists give residents of Gray's Creek an opportunity to stretch their legs. The Gray's Creek Recreation Center in Hope Mills offers fitness classes, senior programs, youth activities and community events. Community pools and spray parks give residents a way to cool off in the summer heat.
Buying vs. Rent to Own Homes
Renting to own a home and buying a house have the same steps, just on different timetables.
When you buy a house, you either pay with cash or you make monthly payments to a mortgage or some other kind of financing option for a set time frame.
When you rent to own a home you pay an option fee, which is later credited toward the purchase of the home, and then you make monthly rent payments until you’re sure you want to buy this house and you can secure financing. Then, you do the same things you would if you were buying a house – just make sure you do it before the end of the lease term so that you don’t lose any of the money you’ve negotiated.
When you can choose between the two, buying might be the right option because your monthly payments will go towards equity in a home as opposed to someone else’s pocket. However, lease-options get you to the same place with a little more time.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
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.