Rent to Own Homes in Havelock
Havelock, North Carolina, in Craven County is a part of the greater New Bern Micropolitan Statistical Area. The city is the home of the Marine Corps Air Station Cherry Point, the largest Marine Corps air station in the world, and the 2nd Marine Aircraft Wing. Originally founded in the 1850s as "Havelock Station," the city of Havelock is one of eight cities across the globe named for British officer Sir Henry Havelock.The below results are primarily rent to own homes in :
Havelock, North Carolina, in Craven County is a part of the greater New Bern Micropolitan Statistical Area. The city is the home of the Marine Corps Air Station Cherry Point, the largest Marine Corps air station in the world, and the 2nd Marine Aircraft Wing. Originally founded in the 1850s as "Havelock Station," the city of Havelock is one of eight cities across the globe named for British officer Sir Henry Havelock.The below results are primarily rent to own homes in :
The city became home to the Marine Corps Air Station Cherry Point in 1940, and the incorporated Naval Aviation Depot at the station is a big employer of individuals in the area, thus boosting Havelock's overall economic prosperity. In 1862, Havelock was the focal point for the Battle of New Bern during the American Civil War. Union gunboats sailed up the Neuse River and laid siege to the city of New Burn, eventually taking control of the area. Confederate attempts to turn the tide and reclaim New Bern were rebuffed, and Havelock remained a primarily Union outpost throughout the rest of the war. The United States Census Bureau records the population of Havelock at around 20.7 thousand people, and the median income of residents is $35 thousand. Havelock is home to five elementary schools, two middle schools, two high schools, two private schools, and one community college.
Buying vs. Rent to Own Homes
Renting to own a home is like a test drive for buying a house. It’s comparable to the car dealership letting you drive out of the lot with the car that you want (after you pay a small option fee) and telling you to come back when you have the money to pay the full price of it, as long as it is within the lease term. Then you make monthly lease payments until you’re ready to buy it.
You should lease-option when you’re close to getting financing for the home you’re looking to purchase, but need a bit more time (1-3 years) before you’re ready. And if you’re unsure about the house, you have more time to consider it from a more personal perspective.
Similarly to test driving a car, once you’re sure that this is the house you want and you have the money to purchase it, you should buy it as soon as possible. There’s no sense in paying rent money for longer than you need to. Rent to own also gives you the flexibility to close on a home whenever you’re ready to. It’s a mix of the best parts of renting and buying.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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