Rent to Own Homes in Lockhart
Lockhart is a small town in southern Texas that is located approximately 30 miles south of Austin, 65 miles northeast of San Antonio and 150 miles west of Houston. Residents can reach Galveston, Corpus Christi and other popular vacation cities on the Gulf of Mexico within three hours without heavy traffic. This makes Lockhart an attractive hometown for residents with an active lifestyle who enjoy spending time outdoors. Lockhart State Park and Lockhart City Park provide additional recreation opportunities for those who don't want to travel far from home.The below results are primarily rent to own homes in :
Lockhart is a small town in southern Texas that is located approximately 30 miles south of Austin, 65 miles northeast of San Antonio and 150 miles west of Houston. Residents can reach Galveston, Corpus Christi and other popular vacation cities on the Gulf of Mexico within three hours without heavy traffic. This makes Lockhart an attractive hometown for residents with an active lifestyle who enjoy spending time outdoors. Lockhart State Park and Lockhart City Park provide additional recreation opportunities for those who don't want to travel far from home.The below results are primarily rent to own homes in :
The city of Lockhart was named after one of the first settlers to move into this region of the state, Byrd Lockhart. There were more than 550 residents in 1870, and the population grew to more than 13,000 residents by 2016. The city is now a part of Caldwell County and has served as the setting for more than 50 movies shot between 1965 and 2015. Some of the biggest attractions in the Lockhart area include the Southwest Museum of Clocks & Watches, Caldwell County Museum, Navarro Springs Park, Lockhart Skatepark and Nueces Park. Residents are served by the Lockhart Independent School District, which includes Lockhart High School.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
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
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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