Rent to Own Homes in Metter
The city of Metter is located in eastern Candler County in the state of Georgia with a population... Read More
The city of Metter is located in eastern Candler County in the state of Georgia with a population of around four thousand people. It boasts a total of 7.9 square miles, 0.2 square miles of which is water. Metter was first settled in 1889 and became the county seat of the newly formed Candler County in 1914. The median income of a household in Metter sits at around 21 thousand dollars and the median income for a family sits at around 28 thousand dollars. Metter is also known as the home of The Sower"The below results are primarily rent to own homes in :
The city of Metter is located in eastern Candler County in the state of Georgia with a population... Read More
The city of Metter is located in eastern Candler County in the state of Georgia with a population of around four thousand people. It boasts a total of 7.9 square miles, 0.2 square miles of which is water. Metter was first settled in 1889 and became the county seat of the newly formed Candler County in 1914. The median income of a household in Metter sits at around 21 thousand dollars and the median income for a family sits at around 28 thousand dollars. Metter is also known as the home of The Sower"The below results are primarily rent to own homes in :
evangelical television celebrity Michael Guido who was on the air for decades until his death in 2009." Public education in Metter is overseen by the Candler County School District. Schools within this district include: Metter Elementary School, Metter Intermediate School, Metter Middle School, and Metter High School. The original high school building was constructed in 1921 and was built in the Classical Revival style. This old high school has been placed on the National Register of Historic Places and modern high school students attend classes at the newer building that was constructed in 1937. Today, the old building serves as the Candler County Historical Society Museum.
Buying vs. Rent to Own Homes
When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.
Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.
Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.
Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
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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