Rent to Own Homes in Lindale
A year later, a railroad line was built right through Lindale, and the town sprung to life; the new canning and fruit packing industries there experienced a boon. Within 15 years the population had grown to 300. The town was incorporated in 1905, and produce was the town’s main source of income for decades. By 1950 it was being called “the blackberry capital of the world.” Produce production has declined in recent decades, and the canning factory closed. However, other industries such as cattle, hay production, and rose growing have gained a foothold.The below results are primarily rent to own homes in Smith County, TX:
A year later, a railroad line was built right through Lindale, and the town sprung to life; the new canning and fruit packing industries there experienced a boon. Within 15 years the population had grown to 300. The town was incorporated in 1905, and produce was the town’s main source of income for decades. By 1950 it was being called “the blackberry capital of the world.” Produce production has declined in recent decades, and the canning factory closed. However, other industries such as cattle, hay production, and rose growing have gained a foothold.The below results are primarily rent to own homes in Smith County, TX:
Located in Smith County in east Texas, Lindale is a city of about 4,800 people. It is part of the Tyler Metropolitan Statistical Area. The Dallas/Fort Worth metroplex is about 90 miles to the west, and Houston is 200 miles to the south.
Buying a Home in Lindale
At $152,000, the median home price in Lindale is an impressive 18 percent below the national average. Current home listings range from $109,000 to $297,000. About half of the residential real estate is owner occupied.
The median age of Lindale’s inhabitants is 32.2, and about 51 percent of the population is married. The median family income is about $38,800. The overall cost of living is about nine percent below the national average.
The town is served by the Lindale Independent School District, comprised of an early childhood learning center along with two elementary, two intermediate, a junior high, and a high school. These schools are rated highly by GreatSchools, scoring between 8 and 10 (out of 10).
Buying vs. Rent to Own Homes
Lindale may already sound like a place worth thinking about if you’re considering a move. But getting financing for a home can be a difficult process. Prequalification and down payments make home ownership seem like an impossible dream for many. But there is another option: many are taking advantage of rent-to-own arrangements. A portion of each month’s rent is applied toward a down payment to be used to eventually purchase the home. Renters who may not be able to afford a large outlay of cash for a down payment can still have the real hope of becoming proud homeowners.
Summary
Lindale has gone through several phases since its founding so many years ago. In recent years, the growth of Tyler and increased traffic on I-20 and US-69 – the two main highways of the town – have lead to a surge in residential, retail, and other commercial development. It retains its small-town, rural atmosphere, but the amenities of the big city are never far away.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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