Rent to Own Homes in Jackson
The seat of government for Butts County, Jackson is a small town in Central Georgia. It is 50 miles southeast of Atlanta and 43 miles from Hartsfield-Jackson International Airport, the busiest airport in the United States and the world. Jackson's rural atmosphere is a nice counterpoint to the bustling metropolitan Atlanta area, offering a quiet community with a picturesque downtown square and several appealing community celebrations. Some of these local events include the annual Christmas Parade, Fine Arts Festival, Halloween on Second Street, Jackson Alive events and a community-wide Tailgate Party to celebrate the local Red Devils football team.The below results are primarily rent to own homes in :
The seat of government for Butts County, Jackson is a small town in Central Georgia. It is 50 miles southeast of Atlanta and 43 miles from Hartsfield-Jackson International Airport, the busiest airport in the United States and the world. Jackson's rural atmosphere is a nice counterpoint to the bustling metropolitan Atlanta area, offering a quiet community with a picturesque downtown square and several appealing community celebrations. Some of these local events include the annual Christmas Parade, Fine Arts Festival, Halloween on Second Street, Jackson Alive events and a community-wide Tailgate Party to celebrate the local Red Devils football team.The below results are primarily rent to own homes in :
The Red Devils sports teams hail from Jackson High School, the local public high school. Jackson High is managed by Butts County School District, which also provides Jackson kids with elementary and middle schools. Jackson residents also enjoy access to prime outdoor recreation spots. The town is near Jackson Lake, where boating, fishing and swimming are popular pastimes. Jackson city residents also enjoy the proximity of Indian Springs State Park, Dauset Trails Nature Center and High Falls State Park. At the time of the 2010 United States Census, 5,045 people lived in Jackson. The United States Census Bureau estimates that the population grew slightly to 5,071 residents by 2016. The median household income in Jackson was 35,507, according to the Census Bureau. Median gross rent was $642, and the median value of local homes was $108,700, also according to the U.S. Census Bureau.
Buying vs. Rent to Own Homes
Rent to own gives you anywhere between a few months and three years time to prepare for buying a home. It’s more costly than buying outright because you’ll be paying rent to the owner instead of building equity by paying off the mortgage; but, it’s much better than renting because you have the option to buy and stop the rent payment process whenever you’re ready.
Lease-options help set you up for a home purchase in the not-so-distant future.
That’s not to say that because you aren’t ready to buy you should rent to own. If you need more than three years before you’re ready to purchase a home, you shouldn’t rent to own. Instead, you should wait until you’re at least less than three years away from qualifying to buy a home before signing your lease-option because, if the lease term ends and you’re not ready to buy, you’ll lose the money you invested in an option fee and any other money you’ve negotiated from the seller.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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.
- 30233