Rent to Own Homes in Lafayette
Lafayette Parish is the cradle of Acadiana, and it's the result of centuries of Acadian, Native American, African American, Creole, French and Spanish influence.... Read More
Lafayette Parish is the cradle of Acadiana, and it's the result of centuries of Acadian, Native American, African American, Creole, French and Spanish influence. Unique for its retention of the Cajun culture, language and cuisine, Lafayette celebrates its roots at living history sites such as Vermilionville and at events like South Louisiana Blackpot Festival and Festivals Acadiens et Créoles. Cajun is still commonly spoken in Lafayette.The below results are primarily rent to own homes in Lafayette Parish, LA:
Lafayette Parish is the cradle of Acadiana, and it's the result of centuries of Acadian, Native American, African American, Creole, French and Spanish influence.... Read More
Lafayette Parish is the cradle of Acadiana, and it's the result of centuries of Acadian, Native American, African American, Creole, French and Spanish influence. Unique for its retention of the Cajun culture, language and cuisine, Lafayette celebrates its roots at living history sites such as Vermilionville and at events like South Louisiana Blackpot Festival and Festivals Acadiens et Créoles. Cajun is still commonly spoken in Lafayette.The below results are primarily rent to own homes in Lafayette Parish, LA:
Locals are served by a host of parish services. Public education is provided by the Lafayette Parish School System at campuses such as Lafayette High School, and residents are protected by Lafayette City Police and the Lafayette City Marshal. Several colleges and universities provide higher education resources, and local hospitals offer top-notch health care.
Buying a Home in Lafayette?
Lafayette real estate has opened up for home buyers in recent months, with a dramatic increase in the number of homes on the market. Last year, 13 homes were added to the market in a one-month period. This month, nearly 200 homes came onto the market, bringing the total number of homes for sale to 1,081. Home prices dropped from $241,000 last year to $219,127 this year. Buyers aren't the only beneficiaries of today's market; sellers have some advantages too. Sellers received 110 percent of asking price for homes sold this month, although that figure fluctuated between 97 percent and 106 percent this past year.
Popular Neighborhoods in Lafayette?
Families with a penchant for older, vintage homes and pretty tree-lined streets appreciate the beauty and comfort of the Saint Streets neighborhood. A diverse mix of architectural styles gives the neighborhood character, and its proximity to downtown, university buildings and the Cajundome make it a prime location. Students and young professionals also enjoy downtown's new lofts and vintage apartments that are steps from city entertainment. Families looking for larger homes will find them on Kings Road in Greenbriar Estates. The neighborhood is filled with nicely landscaped yards, large brick ranch homes, stately two-story houses and excellent schools.
Buying vs. Rent to Own Homes ?
Jumping into Lafayette’s housing market can be stressful, but renting to own eases you into homeownership. Essentially, the rent-to-own method slows the financing process. Instead of providing a down payment and full financing right away, rent-to-own contracts let you meet financial requirements incrementally. In place of a down payment, you'll pay a nominal option fee. You’ll negotiate a rent-to-own contract, usually lasting one to three years, and you’ll pay monthly rent along with a small monthly rent premium. Your premium and option fee go towards your house purchase price. You’ll provide the remainder of the full financing at the end of the contract period, et voila, you are a proud Lafayette homeowner.
Cost of Living in Lafayette?
For life's essentials, Lafayette residents pay 94 cents for every dollar most Americans spend. Health care and utilities are Lafayette’s biggest bargains, costing just 84 percent of the national average. Housing and groceries are also good deals in Lafayette, costing an average of eight percent less than in the rest of the country. The only necessity that is slightly more expensive than the national average is transportation at four percent more costly.
The happiest city in the U.S. and one of the top 10 healthiest and best “foodie” towns, Lafayette is a delight. Its neighborhoods are low-key and friendly, its events are spirited, and its industries are innovative and successful. It has the fastest Internet in the world, and it's a national leader in job growth. Lafayette’s housing market echoes that vibrancy, offering affordable housing with average prices in the low $200,000s. Housing isn’t the only affordable feature of Lafayette though. From health care and groceries to utilities, residents pay less than the rest of the nation for nearly all of life’s necessities.
Summary
The happiest city in the U.S. and one of the top 10 healthiest and best “foodie” towns, Lafayette is a delight. Its neighborhoods are low-key and friendly, its events are spirited, and its industries are innovative and successful. It has the fastest Internet in the world, and it's a national leader in job growth. Lafayette’s housing market echoes that vibrancy, offering affordable housing with average prices in the low $200,000s. Housing isn’t the only affordable feature of Lafayette though. From health care and groceries to utilities, residents pay less than the rest of the nation for nearly all of life’s necessities.
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
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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