Rent to Own Homes in Laurel
The median income for households in the city is $25,988. The city government consists of a mayor and city council, and the Jones County Sheriff's Department is tasked with keeping residents of the county safe. The Amtrak Crescent train serves to connect Laurel with many important United States cities including Baltimore, Philadelphia, Washington, and New Orleans.The below results are primarily rent to own homes in Jones County, MS:
The median income for households in the city is $25,988. The city government consists of a mayor and city council, and the Jones County Sheriff's Department is tasked with keeping residents of the county safe. The Amtrak Crescent train serves to connect Laurel with many important United States cities including Baltimore, Philadelphia, Washington, and New Orleans.The below results are primarily rent to own homes in Jones County, MS:
Popular local attractions include the Lauren Rogers Museum of Art, the oldest art museum in the state of Mississippi. The museum was originally endowed by a local family which made its fortune with timber, and that industry is still relevant to the local economy today. The Laurel Post Office and Choctaw Post Office provide mail delivery to the city and also offer a popular gathering spot where locals are able to socialize with one another.
Buying a Home in Laurel
Laurel sports one of the most affordable housing markets in the United States. The median price of a home in Laurel is a mere $74,500, more than $100,000 below the national average. A monthly mortgage payment for homeowners in Laurel averages just $961. With just 47% of the housing units in the city being owner-occupied, there are ample opportunities for buyers to find the home of their dreams.
Those who appreciate older homes will find that 21% of the city's units were built prior to 1990. Two-thirds of the housing units are medium-sized to large with three or more bedrooms, and this meshes well with Laurel's overall demographic.
Popular Neighborhoods in Laurel
Overall, Laurel is safer than four percent of the cities across the entire United States. Those considering a move to the city should still be aware that some neighborhoods offer a more pleasant living experience than others. The Eastview community near the center of town is located close to many of the city's retail businesses, yet it is one of the quietest and safest in the city. It is home to many single adults that have never been married, making it a trendy neighborhood that appeals to young people. The Calhoun/Pleasant Ridge neighborhood on the city's west side is occupied by a majority of married couples. It is a rural area with many homes that were built between 1940 and 1969.
Buying vs. Rent to Own Homes
Purchasing a home is a time of great excitement, but this enthusiasm can often be dampened by the sobering reality of qualifying for a home loan. Many first-time buyers are simply unable to obtain traditional financing. A smart alternative can be a rent to own home which does not require the buyer to deal with a mortgage lender. Instead, a portion of each month's rent can be applied to eventual ownership. Rent to own homes can also offer more flexibility, giving the buyer a chance to experience living in the home without the commitment required by a standard purchase.
Summary
Those who love the idea of rural, small town living will find Laurel, Mississippi appealing. It's small population helps to create a community atmosphere where neighbors know one another by name. Despite its small size, Laurel offers a good public school system, a vibrant local economy, and a value-laden housing market that boasts some of the most affordable homes in the United States.
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
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.
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