Rent to Own Homes in Hallsville
Just thirteen miles west of Harrison County's county seat at Marshall along U.S. Highway 80, the city of Hallsville sits in the northeastern corner of the state of Texas. With a population bordering on 3.5 thousand (and growing), Hallsville is a comfortably sized small town community with plenty of heart.The below results are primarily rent to own homes in :
Just thirteen miles west of Harrison County's county seat at Marshall along U.S. Highway 80, the city of Hallsville sits in the northeastern corner of the state of Texas. With a population bordering on 3.5 thousand (and growing), Hallsville is a comfortably sized small town community with plenty of heart.The below results are primarily rent to own homes in :
The Hallsville Independent School District oversees six different schools in the area, including three elementary schools, one intermediate school, Hallsville Junior High School, and Hallsville High School. The high schools is well known for its Halsville Bobcats football team, which has withheld an excellent win record over the past few decades. In 2010, the district was named "Exemplary" for academic performance and excellence by the Texas Education Agency. In 1972, Lawrence and Eulyne LaFoy, with the support of their fellow residents, started a horse show and tack sale to try and raise funds to rebuild the city's parks. After a successful first year, the event established a committee and Western Days was born. Starting in October, this three day event involves a number of activities and shows that include: dances, parades, arts and crafts, merchant and food booths, chili cook-off, live entertainment, Drumline performances, Civil War reenactments, and the Miss Hallsville Western Days Program, a beauty pageant for young local women. Western Days was set up to serve the entire community, but in particular it is meant to get the youth of the area to participate in local western-themed activities.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
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
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.
Find properties near me with Rent to Own Labs.
- 75650