Rent to Own Homes in Lexington
The city of Lexington has... Read More
The city of Lexington has a rich history which is preserved and celebrated by the Uptown Lexington Historic District. The oldest home in the city dates to the late 1700's. Uptown Lexington, Inc., a cultural arts organization, also promotes initiatives to revitalize the downtown area. The city is connected to surrounding communities by U.S. Route 29 and U.S. Route 70 while I-85 provides access to the larger cities in the state.The below results are primarily rent to own homes in Davidson County, NC:
The city of Lexington has... Read More
The city of Lexington has a rich history which is preserved and celebrated by the Uptown Lexington Historic District. The oldest home in the city dates to the late 1700's. Uptown Lexington, Inc., a cultural arts organization, also promotes initiatives to revitalize the downtown area. The city is connected to surrounding communities by U.S. Route 29 and U.S. Route 70 while I-85 provides access to the larger cities in the state.The below results are primarily rent to own homes in Davidson County, NC:
A hallmark of Lexington is its claim to be the Barbecue Capital of the World. Since 1984, the best barbecue chefs in the state have gathered in the city for the Lexington Barbecue Festival. The famous Lexington Barbecue Sandwich is distinct and tasty thanks to something the locals call red slaw. This tasty dressing is a mixture of cabbage, vinegar, ketchup, and black pepper.
Buying a Home in Lexington
This beautiful area of North Carolina offers many housing opportunities for the first-time buyer. The median price of a home in Lexington is $98,900, far below the national and state averages. Only 35% of the homes in Lexington are owner-occupied, creating a value-laden market where homes can be purchased at a reasonable price. Those with a mortgage can expect to pay an average payment of $1,020 each month.
Most of the homes in Lexington were built after 1990, and a large number of them are family units with three or more bedrooms. More than half, however, are smaller units that afford ideal living for singles and couples without children.
Popular Neighborhoods in Lexington
The Welcome neighborhood in Lexington lives up to its name with beautiful homes and quiet surroundings. The community sits on the edge of Davidson County Community College and is home to a significant number of college students. The median home value in this neighborhood is $142,000. There are also a large number of middle-aged married couples residing in this area. Southmont on the city's southern border is an affluent area which boasts one of the lowest crime rates in the city. It is a quiet area that is mostly populated by individuals in the 45-64 age bracket.
Buying vs. Rent to Own Homes
Even in a value-laden housing market, purchasing a home can present numerous challenges for the first-time buyer. One of these is qualifying for a traditional mortgage. A way to avoid this hassle can be a rent to own home which does not require dealing with a mortgage lender. A portion of the monthly rental costs are often allocated to the purchase price, giving the renter a viable path to home ownership. An exit is also much easier should the buyer decide that the home is not right for them.
Summary
With its chain of lakes and rolling landscapes, Lexington is one of the most beautiful cities in North Carolina. Residents in this quiet community of 19,000 enjoy the great outdoors. They also take pleasure in great food, and Lexington is known all over the world for its fine barbecue. Downtown has many statues of pigs which are meant to be a tongue-in-cheek celebration of the city's legendary Lexington Barbecue Sandwich.
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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