Rent to Own Homes in Matthews
Matthews is a family-friendly town located in the southwest region of North Carolina. It lies in southeastern Mecklenburg County, less than 15 miles from Charlotte. According to the United States Census Bureau, the population of Matthews is approximately 31,500 residents.The below results are primarily rent to own homes in :
Matthews is a family-friendly town located in the southwest region of North Carolina. It lies in southeastern Mecklenburg County, less than 15 miles from Charlotte. According to the United States Census Bureau, the population of Matthews is approximately 31,500 residents.The below results are primarily rent to own homes in :
Children who live in Matthews may attend the Charlotte-Mecklenburg School System as a public school option. Several well-rated public schools are located within Matthews, including Matthews Elementary, Crestdale Middle School and Butler High School. Families that wish to send their children to a charter school program may choose from Matthews Charter Academy or Socrates Academy, both located within the town limits. The American Community Survey lists the median income for households in Matthews as approximately $75,200 per year. Residents of Matthews primarily work in retail, health care/social assistance and education fields. While modern times have brought economic development to the area, the history of Matthews is preserved with 10 downtown buildings listed on the National Register of Historic Places. The Matthews Town Hall is a community hub, housing a busy branch of the Charlotte Mecklenburg Library. The Parks and Recreation Department in Matthews ensures that residents always have activities to enjoy that suit their interests. They operate several neighborhood parks and offer enrichment activities for all ages. They also maintain a packed events calendar, featuring Food Truck Fridays throughout the summer, BeachFest in May and community celebrations for nearly every holiday throughout the year.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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