Rent to Own Homes in Lake Park
Just five miles north of Georgia’s southern border, Lake Park covers 1.4 square miles of land tucked among the region’s many lakes and ponds. During the United States Census Bureau’s 2010 census, the town reported 733 residents. In 2016, those residents had an estimated household median income of $43,604. The median home value in town is $165,010.The below results are primarily rent to own homes in :
Just five miles north of Georgia’s southern border, Lake Park covers 1.4 square miles of land tucked among the region’s many lakes and ponds. During the United States Census Bureau’s 2010 census, the town reported 733 residents. In 2016, those residents had an estimated household median income of $43,604. The median home value in town is $165,010.The below results are primarily rent to own homes in :
Lake Park is part of Lowndes County, which has more than 114,000 residents in all. While the city of Lake Park provides police service, volunteer fire services and a civic center for local residents, many of Lake Park’s other amenities are managed by Lowndes County. Lake Park kids attend public schools operated by Lowndes County School District. These highly rated schools include Lake Park Elementary, Lowndes Middle School and Lowndes High School. Lowndes High School, home of the the Vikings, is located in nearby Valdosta. The town’s library, the Edith Garlow Johnson Lakes Library, is part of the Southern Georgia Regional Library system. The library is a popular gathering spot for Lake Park residents who enjoy the library’s children’s and community programs and its wide selection of books, periodicals, tapes and DVDs. Some of the library’s programs include preschool story time, tween book clubs, adult game days and adult craft hours.
Buying vs. Rent to Own Homes
If you’re looking to purchase a home, you could fall into three categories: ready to buy, ready to rent to own and rent a bit longer. Buying is your best option, so if you’re ready, you should. Rent to own is also a good option because it sets you on course to buy a property soon.
If you’ll be ready to buy a property within the next three years, rent to own is the right option for you. Your lease term should be at least six months longer than how much time you need to qualify for financing; that way, you have some buffer room in case something goes wrong. Whenever you are ready, you can close on the home and start building equity on it.
If it’s going to take more than three years for you to qualify for financing, keep renting until you’re less than three years away. Just because rent to own isn’t right for you now doesn’t mean it won’t be in the future.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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