Rent to Own Homes in Maurice
Maurice is located in the far southern part of Louisiana, approximately halfway between Abbeville and Lafayette. This small Vermilion Parish village is considered to be within the Abbeville Micropolitan Statistical Area. Nature enthusiasts enjoy the varied landscape displayed in this Deep South region. According to the United States Census Bureau, the population of Maurice is nearly 1,300 residents.The below results are primarily rent to own homes in :
Maurice is located in the far southern part of Louisiana, approximately halfway between Abbeville and Lafayette. This small Vermilion Parish village is considered to be within the Abbeville Micropolitan Statistical Area. Nature enthusiasts enjoy the varied landscape displayed in this Deep South region. According to the United States Census Bureau, the population of Maurice is nearly 1,300 residents.The below results are primarily rent to own homes in :
Maurice was named after founder Maurice Villien, a French settler who arrived in the area in the mid-1800's. Maurice Villien and his wife created their home and a grocery store, and donated land to be used for a church. Maurice Villien's son, Joseph Villien, became the village's mayor when it was incorporated in 1911. The first church in the area, named La Chapelle a Maurice, held services in an old schoolhouse until St. Alphonsus Church was constructed in the late 1800's. The first school in the village was the Broussard Cove School, which was moved to Maurice in 1899. The United States Census Bureau reports the median income of households in Vermilion Parish at $47,063 per year. Careers in oil extraction, retail and health care employ approximately forty percent of Vermilion Parish residents.
Buying vs. Rent to Own Homes
To buy a house, you (1) look at the homes available for purchase, (2) pick the house you want, (3) pay the seller the cost of the home and (4) you get the house. That’s the basic gist of the traditional home buying process.
All the steps of the traditional home buying process are present in the rent to own process. The difference is that renting to own has an additional step between Step 2 and Step 3. Step 2.5 is to rent the home for a maximum of three years until you are ready to continue to Step 3.
During Step 2.5, you’re working on improving your credit score, building a steady job history and saving up a down payment so that you can qualify for financing. Once you have financing, you can move on to Step 3.
Rent to own is a good way to prepare for buying a property. Once you do buy, you won’t have to spend money on rent any longer. So, the sooner you can buy, the better.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
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.
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