Rent to Own Homes in Greenwood
The city of Greenwood is located in northwestern Mississippi, 90 minutes north of Jackson. It was developed where the Tallahatchie, Yalobusha and Yazoo Rivers meet. It serves as the county seat of Leflore County. Greenwood is the main city in the Greenwood Micropolitan Statistical Area. According to recent data from the United States Census Bureau, the population of Greenwood is approximately 14,400 residents.The below results are primarily rent to own homes in :
The city of Greenwood is located in northwestern Mississippi, 90 minutes north of Jackson. It was developed where the Tallahatchie, Yalobusha and Yazoo Rivers meet. It serves as the county seat of Leflore County. Greenwood is the main city in the Greenwood Micropolitan Statistical Area. According to recent data from the United States Census Bureau, the population of Greenwood is approximately 14,400 residents.The below results are primarily rent to own homes in :
The city of Greenwood was named for Chief Greenwood Leflore, a Native American Choctaw chief. Chief Greenwood Leflore signed the Treaty of Dancing Rabbit Creek in 1830, allowing European explorers to settle in the area. The civil rights movement is an important piece of Greenwood's past. Residents can explore the history of African-American culture and the civil rights movement at Greenwood's Back in the Day Museum and by taking a walking tour of the historic downtown area. Downtown Greenwood has several landmarks listed on the National Register of Historic Places. Greenwood residents visit the downtown area to participate in community events such as "Red and Greenwood" in December and the "Que on the Yazoo" barbeque competition in May. Greenwood's location along the Yazoo River provides residents plenty of opportunities for outdoor recreation. The Yazoo River Trail is a scenic path for walking and hiking along the river and through mature trees. The Yazoo River Arboretum hosts several community events in the Greenwood city area, including the Stars and Stripes festival held annually in the summer.
Buying vs. Rent to Own Homes
Rent to own is a great option for people who want to buy a house, but are still working on getting the financing for it. People who are anywhere between a few months and three years away from qualifying for financing should consider rent to own.
Unlike renting, you don’t have to keep making rent payments for the full lease term. Once you’re able to close, you have the right to do that.
Rent to own is very similar to buying, in that buying is the end result of a successful rent to own deal.
The primary difference between the two is that rent to own takes longer than buying, which is the advantage of rent to own. It gives buyers time to get their finances in order to buy a home while not getting trapped into a lease term.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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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