Rent to Own Homes in Harker Heights
The city of Harker Heights is located between Waco and Austin in Central Texas. Harker Heights, along with Killeen and Temple, make up the three largest cities in Bell County. According to recent data from the United States Census Bureau, Harker Heights spans 15.2 square miles and the population of the city is approximately 29,800 residents.The below results are primarily rent to own homes in :
The city of Harker Heights is located between Waco and Austin in Central Texas. Harker Heights, along with Killeen and Temple, make up the three largest cities in Bell County. According to recent data from the United States Census Bureau, Harker Heights spans 15.2 square miles and the population of the city is approximately 29,800 residents.The below results are primarily rent to own homes in :
Harker Heights was not established as a city until 1960. The name of the city was formed from letters from the first and last name of one of the original landowners in the area, Harley Kern. When the city became incorporated, residents elected Pinckney R. Cox, another original landowner, as the first mayor. The Fort Hood Army base, located in nearby Killeen, fuels economic activity in Harker Heights. Residents of Harker Heights are employed primarily in retail, health care/social assistance, public administration and education industries. Many residents have jobs that support military operations. Outdoor recreation opportunities are easy to come by in Harker Heights. Stillhouse Hollow Lake, maintained by the U.S. Army Corps of Engineers, is a popular place to fish, camp, hunt, hike, swim or simply appreciate the beauty of nature. The Harker Heights Parks and Recreation Department boasts a packed events calendar, uniting community members throughout the year. Residents anticipate a family campout in the spring, a weekly farmer's market through the summer and multiple holiday celebrations.
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
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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