Rent to Own Homes in Liberty
Liberty is a small town in southeastern Texas that rests approximately 40 miles northeast of Houston. The Trinity River National Wildlife Refuge and Liberty Municipal Park sit on the northern edge of the city, and the Trinity River runs through the town's western region. This location places residents within a 30-minute drive of Beach City and other communities on the northern edge of Trinity Bay. In less than 90 minutes, residents can reach Galveston Island, Sabine Lake and multiple large recreation areas along the Gulf of Mexico.The below results are primarily rent to own homes in :
Liberty is a small town in southeastern Texas that rests approximately 40 miles northeast of Houston. The Trinity River National Wildlife Refuge and Liberty Municipal Park sit on the northern edge of the city, and the Trinity River runs through the town's western region. This location places residents within a 30-minute drive of Beach City and other communities on the northern edge of Trinity Bay. In less than 90 minutes, residents can reach Galveston Island, Sabine Lake and multiple large recreation areas along the Gulf of Mexico.The below results are primarily rent to own homes in :
Some of the biggest attractions in this region of the state include Magnolia Ridge Country Club, Lake Liberty, Duncan Lake, Liberty Municipal Airport and the Geraldine D. Humphreys Cultural Center. This center contains a popular community theater and is home to the Liberty Municipal Library. The center has expanded over time to offer even more entertainment options for residents as well as visitors from surrounding communities. While there are some businesses offering jobs within Liberty city limits, many residents commute to other areas of Liberty County for employment opportunities. According to the U.S. Census Bureau, there were more than 1,000 companies offering more than 12,000 jobs within the county as of 2016. Students in this small city attend schools maintained by the Liberty Independent School District. This includes a couple elementary schools, Liberty High School and Liberty Middle School.
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
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
Sign up for one of our free listings so that potential buyers can find you when they look for rent to own homes near me online.
- 77575