Rent to Own Homes in Metairie
Metairie is a census-designated place positioned north of the Mississippi River and east of New Orleans International Airport in southeastern Louisiana. It rests on the southern shores of Lake Pontchartrain and is just off the Lake Pontchartrain Causeway. New Orleans is approximately five miles to the southeast, and Kenner is approximately five miles to the west. Residents can use the causeway to reach Fontainebleau State Park and other attractions on the north side of the lake in under 40 minutes without heavy traffic.The below results are primarily rent to own homes in :
Metairie is a census-designated place positioned north of the Mississippi River and east of New Orleans International Airport in southeastern Louisiana. It rests on the southern shores of Lake Pontchartrain and is just off the Lake Pontchartrain Causeway. New Orleans is approximately five miles to the southeast, and Kenner is approximately five miles to the west. Residents can use the causeway to reach Fontainebleau State Park and other attractions on the north side of the lake in under 40 minutes without heavy traffic.The below results are primarily rent to own homes in :
Some of the biggest attractions in the Metairie area include Lafreniere Park, Bissonet Maned Downs Country Club, Girard Playground, Ney Rey Park, City Park, Louis Armstrong Park, La Salle Park, Lions Playground and Providence Memorial Park. Residents are a short drive from many entertainment and cultural attractions in New Orleans, including the National World War II Museum. New Orleans also offers a thriving economy with large companies offering jobs in business, technology, gaming, energy and many other industries. The land included in present-day Metairie started off as a small sharecropping farm. A community started to develop after a lot of the marsh and swamplands in the area were drained, making room for more residential neighborhoods. With large housing lots and affordable prices, the area quickly became a preferred home for many residents in Orleans Parish.
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
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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.
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