Rent to Own Homes in Hope Mills
Hope Mills is a family-friendly community with a variety of entertainment and recreation options within and surrounding the city. Some of the more noteworthy options include the Millstone Theater, Fantasy Lake Water Park and Cypress Lakes Golf Course. The city is also home to the Dirtbag Ales Brewery & Taproom as well as some fun late-night establishments catering to adults.The below results are primarily rent to own homes in Cumberland County, NC:
Hope Mills is a family-friendly community with a variety of entertainment and recreation options within and surrounding the city. Some of the more noteworthy options include the Millstone Theater, Fantasy Lake Water Park and Cypress Lakes Golf Course. The city is also home to the Dirtbag Ales Brewery & Taproom as well as some fun late-night establishments catering to adults.The below results are primarily rent to own homes in Cumberland County, NC:
While it's uncommon for murders and homicides to occur in Hope Mills, the city's crime rate was a bit higher than the state's rate in 2013. The property crime rate was nearly double the national rate, and the violent crime rate was less than 25 percent higher.
Buying a Home in Hope Mills?
When looking for homes in Hope Mills, expect to see prices under $100,000, over $300,000, and everywhere in between. The median listing price is typically below $200,000, and many buyers will pay around $70 per square foot on average. The median home size is around 1,000 square feet, so you may have to watch the market if you're interested in purchasing a large home with more than three bedrooms. More than 70 percent of residents now own their homes in this city, so you won't have to look too hard for established neighborhoods with low resident turnover rates.
Popular Neighborhoods in Hope Mills?
The largest and most desirable neighborhood in Hope Mills is located south of Interstate 95 and extends to the city's southern border. You'll find a variety of subdivisions and smaller communities within this region, but most will demand prices around $200,000. Some properties will sell for $300,000 or more, depending on size and luxury amenities. For prices under $100,000, look in the Cumberland neighborhood on the northern edge of the city.
Buying vs. Rent to Own Homes?
Why continue renting a home that you will never have the opportunity to buy? Rent-to-own homes in Hope Mills give you the opportunity to rent property that will one day become your own. Your contract has two phases, starting with a rental period. You can use this period of time to increase your chances of qualifying for a lower interest rate when you're ready to purchase the home. Once you close on the house, the rental period ends and the joys of ownership begin.
Hope Mills is a southern North Carolina city with a local brewery, theater, water park and golf course. The area offers adults an active nightlife and caters to children of all ages through local parks and fun entertainment venues. The lakes and creeks flowing through and around this region of North Carolina are some of the city's biggest attractions, but some of the 15,000 residents stick around for the affordable cost of living.
Summary
Hope Mills is a southern North Carolina city with a local brewery, theater, water park and golf course. The area offers adults an active nightlife and caters to children of all ages through local parks and fun entertainment venues. The lakes and creeks flowing through and around this region of North Carolina are some of the city's biggest attractions, but some of the 15,000 residents stick around for the affordable cost of living.
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
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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