Rent to Own Homes in Lizella
The town of Lizella is an unincorporated community split between Bibb and Crawford counties... Read More
The town of Lizella is an unincorporated community split between Bibb and Crawford counties in the central region of the state of Georgia, United States. Lizella is a part of the greater Macon Metropolitan Statistical Area and is only about eleven miles to the southwest of Macon. The town has a single post office and its name was granted by the postmaster at the time, James E. Eubanks, who combined the names of his two daughters, Lizzie and Ella. There are a number of churches in the town's limits as well as a fire station, sheriff sub-station, a shopping center, a private baseball field, and a former elementary school known as W.B. Redding Elementary School. Overall, Lizella is a small community in the heart of Georgia.The below results are primarily rent to own homes in :
The town of Lizella is an unincorporated community split between Bibb and Crawford counties... Read More
The town of Lizella is an unincorporated community split between Bibb and Crawford counties in the central region of the state of Georgia, United States. Lizella is a part of the greater Macon Metropolitan Statistical Area and is only about eleven miles to the southwest of Macon. The town has a single post office and its name was granted by the postmaster at the time, James E. Eubanks, who combined the names of his two daughters, Lizzie and Ella. There are a number of churches in the town's limits as well as a fire station, sheriff sub-station, a shopping center, a private baseball field, and a former elementary school known as W.B. Redding Elementary School. Overall, Lizella is a small community in the heart of Georgia.The below results are primarily rent to own homes in :
Barely a mile from the town sits Lake Tobesofkee which has three parks residents and visitors alike can enjoy. These parks are Claystone Beach Park, Sandy Beach Park, and Arrowhead Park. Each of the parks has its own picnicking areas, restroom facilities, and well maintained grounds. Both Claystone and Sandy Beach Parks have large playgrounds for children. Sandy Beach Park also has a number of tennis courts and a softball field, all of which are open to the public.
Buying vs. Rent to Own Homes
The difference between buying a home and signing up for a lease-option depends on your timeframe and how much money you spend on buying the house.
When you buy a house outright, you pay for the fair market value of the home plus interest and other fees charged by your financial lender, if you have one. You buy the property today and immediately start building equity in it.
However, when you rent to own, you won’t own the home until you close on the property, which could be as far as three years from today. You’ll also pay rent monthly, and you don’t get that money back.
There are some fees that you pay for rent to own that you’ll get back as a credit towards the price of your home, like option fees and rent credits. These count as equity on the home, but they’re not on the scale of equity you would build with a mortgage. Therefore, these don’t add anything on to the price you pay for the home the way that rent does.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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