Rent to Own Homes in Longview
The city was founded in the 1870's when a local settler named Ossamus Hitch Methvin, Sr. sold portions of his land to the Southern Pacific Railroad. As the railroad industry grew, so did Longview. To this day, rail service still forms a core component of the local economy. The Longview Station is one of Amtrak's most vibrant hubs in the United States. Easy access to surrounding cities has helped to create a thriving economy and housing market in the city with property values on the rise.The below results are primarily rent to own homes in Gregg County, TX:
The city was founded in the 1870's when a local settler named Ossamus Hitch Methvin, Sr. sold portions of his land to the Southern Pacific Railroad. As the railroad industry grew, so did Longview. To this day, rail service still forms a core component of the local economy. The Longview Station is one of Amtrak's most vibrant hubs in the United States. Easy access to surrounding cities has helped to create a thriving economy and housing market in the city with property values on the rise.The below results are primarily rent to own homes in Gregg County, TX:
Regular Longview Transit routes are operated daily for those who seek alternative transportation, and this service connects the entire city from incorporated areas like Longview Heights to important institutions like LeTourneau University. The city is also home to the Northwest Longview Post Office which provides an important mail distribution point for both Louisiana and Texas. State government offices in the city include the Longview District Parole Board, and the Longview metropolitan statistical area is served by the East Texas Regional Airport.
Buying a Home in Longview
Buying a home in Longview presents many exciting opportunities thanks to the city's vibrant housing market. There are more than 34,000 housing units in Longview, and just 51% of these are owner-occupied. The median price of a home in Longview is approximately $130,000. This price is reasonably close to the national average. Monthly mortgage payments in Longview average $1,228 per month.
Prospective home buyers will find the homes in the city to be predominantly modern with an overwhelming number of them being less than 25 years old. There is an even mix of large and small homes, with 58% having three or more bedrooms. This makes the local housing market attractive to both singles, married couples, and families.
Popular Neighborhoods in Longview
Longview Heights in the city's northwest corner offers homes with median values that are somewhat higher than the city average. This neighborhood is populated by a large number of married couples within the 30-45 age bracket, and most of these couples have children between the ages of 5 and 17. It is a quiet neighborhood that has a strong appeal to families, and the nearby schools are highly rated. The Darco/Estes neighborhood occupies the entire southern portion of the city and boasts many homes that are priced near the city average. This neighborhood has a thriving community of singles which have never been married.
Buying vs. Rent to Own Homes
There are many opportunities to buy a home in Longview, but the standard challenges of qualifying for a traditional mortgage could make a rent to own home far more appealing. These homes offer greater flexibility in terms of buyer commitment, no standard financing, and the partial allocation of monthly rental fees to eventual ownership. Rent to own homes in Longview can provide a path to home ownership for many individuals that cannot take a more traditional route.
Summary
With a strong local economy, good schools, and a booming housing market, Longview is an ideal choice for both families and singles that are looking to purchase a home. The city is connected by an active transit system and is home to one of the most highly rated healthcare systems in the region. There are many area lakes and opportunities for outdoor recreation in this city which is located between Tyler, Texas and Shreveport, Louisiana.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
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.
Find properties near me with Rent to Own Labs.
- 75604
- 75605
- 75602
- 75601
- 75603
- 75607
- 75606
- 75608
- 75615