Rent to Own Homes in Jennings
About 35 miles east of Lake Charles, Jennings is a small town of 11,000 residents. It is the main city in the Jennings Micropolitan Statistical Area, which combines with the Lake Charles Metropolitan Statistical Area to form the Lake Charles-Jennings CSA. The total population in the combined statistical area is 225,003 residents.The below results are primarily rent to own homes in :
About 35 miles east of Lake Charles, Jennings is a small town of 11,000 residents. It is the main city in the Jennings Micropolitan Statistical Area, which combines with the Lake Charles Metropolitan Statistical Area to form the Lake Charles-Jennings CSA. The total population in the combined statistical area is 225,003 residents.The below results are primarily rent to own homes in :
The small town is the seat of government for Jefferson Davis Parish. Adjacent to the legendary Louisiana Teche country, Jennings has a strong Cajun heritage. Many local residents retain their Francophone language and celebrate their musical, culinary and cultural heritage with events and live musical performances like Turn It Up Tuesdays and Battle of the Bows, Cajun fiddle competition. The City of Jennings provides residents with water, police and fire service as well as an active recreation program. Local residents also enjoy seven parks and recreation areas managed by the city government. Park facilities range from walking tracks and a fishing pond at Louisiana Oil & Gas Park to the abundant ball fields and picnic pavilions at Southside Park. The city also operates Jennings Carnegie Public Library, Louisiana’s oldest public library and a popular place to learn, socialize and play. Local public schools are provided by Jefferson Davis Parish Public Schools. Schools located directly within Jennings include Jennings High School, Ward Elementary and Jennings Elementary. Hathaway High School serves some Jennings kids, but it’s located north of town. Jennings was named for the man who built the Jennings depot for the Southern Pacific Railroad in 1880. The railroad stop helped spur the growth of Jennings and the surrounding area.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
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.
- 70546