Rent to Own Homes in Livingston
Education in the city is provided by the Livingston Independent School District. Livingston High School has traditionally enjoyed success with both its basketball and football programs. The Polk County Community College is a satellite campus of Angelina College and offers many associate degree programs in addition to continuing education classes.The below results are primarily rent to own homes in Polk County, TX:
Education in the city is provided by the Livingston Independent School District. Livingston High School has traditionally enjoyed success with both its basketball and football programs. The Polk County Community College is a satellite campus of Angelina College and offers many associate degree programs in addition to continuing education classes.The below results are primarily rent to own homes in Polk County, TX:
Livingston has a thriving economy that is driven by two major industries. There are multiple timber operations in the city and also a large prison system for the Texas Department of Corrections. The Allan B. Polunsky Unit is located in West Livingston and a large number of the city's residents work at the prison. The Livingston Municipal Airport in the southwestern portion of the city provides service to private aircraft, and the Livingston Station offers daily Greyhound Bus service.
Buying a Home in Livingston
The local housing market in Livingston is an attractive one for buyers. Since 2000, homes in the city have appreciated overall. The median home value has increased by more than $35,000 since 2000. Today, the average home in the city costs $97,000. This is significantly lower than the median values for Texas and the United States. About 70% of housing units in the city are owner-occupied, but there are still values to be found.
Those who opt for a traditional mortgage can expect payments nearing $1,000 per month. Many homes in the city are modern and were built after 1990. The local housing market also tends to favor larger units, with a vast majority of homes having three or more bedrooms.
Popular Neighborhoods in Livingston
Livingston boasts several neighborhoods that vary considerably in median home values and demographics. The most affluent of these is Riker Hill. This neighborhood even has homes that top values of $1 million. It is mainly populated buy older, married couples who have no children living at home. Of the various town home neighborhoods in the city, the Livingston Town Center offers homes that are closer in value to the city median. This neighborhood also provides easy access to retail centers, the city's historic districts, and schools.
Buying vs. Rent to Own Homes
Buying a home is one of the most exhilarating and stressful life events. The joy of finding a home and initiating a purchase is soon tempered by the sobering reality of qualifying for financing. A rent to own home can be a way to avoid a traditional mortgage. These homes allow potential buyers to rent the home with an option to purchase at a later date. Typically, a portion of each month's rent builds equity that can be used for a down payment or applied to eventual ownership.
Summary Those who like country living amid stately pine trees will love Livingston, Texas. This small city of just over 5,000 residents has a good local school system that is recognized for excellence in academics and sports. There are local lakes nearby for those who appreciate outdoor activities, and the city is also just a short drive away from the major city of Houston. The Alabama-Coushatta Indian Reservation is a popular attraction in the city which gives locals and tourists alike a glimpse into Native American culture.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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