Rent to Own Homes in Harvey
Harvey is a census-designated place located in Louisiana's Jefferson Parish. It is positioned along the Mississippi River's West Bank and on the Harvey Canal, a major thoroughfare for shipping in Louisiana. It is one of the communities listed in the New Orleans–Metairie–Kenner Metropolitan Statistical Area and only 20 minutes away from the culture and conveniences of New Orleans. According to data from the United States Census, the population of Harvey is over 20,000 residents.The below results are primarily rent to own homes in :
Harvey is a census-designated place located in Louisiana's Jefferson Parish. It is positioned along the Mississippi River's West Bank and on the Harvey Canal, a major thoroughfare for shipping in Louisiana. It is one of the communities listed in the New Orleans–Metairie–Kenner Metropolitan Statistical Area and only 20 minutes away from the culture and conveniences of New Orleans. According to data from the United States Census, the population of Harvey is over 20,000 residents.The below results are primarily rent to own homes in :
Harvey was originally named Cosmopolite City by Jean-Baptiste d'Estrehan de Beaupre. The area was further developed in the 1800's by Joseph Hale Harvey. At that time, Joseph Harvey renamed the area after his family. The median income for households in Harvey is approximately $39,300 per year. The top five employment industries in Harvey are health care/social assistance, construction, retail, accommodation/food service and manufacturing. The United States Postal Service operates the Harvey Post Office, conveniently located for Harvey residents. With its location along the Mississippi River, Harvey is known as a family-friendly area. Jefferson Parish is alive with community events throughout the year. The Mardi Gras season is celebrated with food, parades, music and more for nearly two weeks in late February and early March. Family Gras is a must-see event occurring during the first weekend of the Mardi Gras season. It offers the same excitement of Mardi Gras on a family-friendly scale.
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
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
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
- 70058
- 70059