Rent to Own Homes in Los Fresnos
The convenience to Brownsville is one of the biggest draws to the Los Fresnos area. Brownsville is a large city with all of the amenities of large city living, and is only about 15 miles south of Los Fresnos. South Padre Island, a lovely beach and tourist location is only 20 miles to the east. The below results are primarily rent to own homes in Webb County, TX:
The convenience to Brownsville is one of the biggest draws to the Los Fresnos area. Brownsville is a large city with all of the amenities of large city living, and is only about 15 miles south of Los Fresnos. South Padre Island, a lovely beach and tourist location is only 20 miles to the east. The below results are primarily rent to own homes in Webb County, TX:
There are several attractions that bring people to Los Fresnos. Visitors and residents of the area can enjoy the Los Fresnos Motocross Park, which features racing categories for all ages and bike sizes, including Mini 50cc, 250cc, and Quads. There are RV parking areas and campsites along the track. “Little Graceland” is a large collection of all types of Elvis Presley memorabilia owned by an army friend of Presley’s. There is also the annual PCRS Rodeo and Livestock Show held in Los Fresnos each February.
Buying a Home in Los Fresnos?
With a median home price of only $93,000, housing prices are very affordable, especially compared to the rest of the state. The cost of living in Los Fresnos is over 20 percent below the United States average, while the median income for a household is approximately $52,000. Since 2000, the median income of Los Fresnos residents has more than doubled, while the unemployment rate continues to decline.
The local school district, Los Fresnos Consolidated Independent School District, is highly rated across all age levels. With small class sizes, excellent curriculum, and great programs, students receive a superior education and are prepared to succeed.
The schools, the economy, and the cost of living are just a few key factors that show Los Fresnos is an excellent place to make a permanent home. Buying a house here is also a good investment as home values continue to increase.
Buying vs Rent to Own Homes?
If you are wanting to own your own home but do not have the down payment or credit score required to get a mortgage, renting to own maybe the best option for you. When you rent to own a home, you enter into an agreement that you will buy the house in the future. The rent you pay goes towards the down payment, and you can live in your dream home while you are going through the prequalification and mortgage process.
While Los Fresnos is a small town, it is an up-and-coming community with a close proximity to Brownsville. The cost of living is low, but the local economy and housing market is fantastic. The schools are excellent, and residents enjoy that this is a safe, comfortable town that is a great place to put down roots, and raise a family.
Summary
While Los Fresnos is a small town, it is an up-and-coming community with a close proximity to Brownsville. The cost of living is low, but the local economy and housing market is fantastic. The schools are excellent, and residents enjoy that this is a safe, comfortable town that is a great place to put down roots, and raise a family.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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