Rent to Own Homes in Midlothian
Just 25 miles southwest of Dallas and 29 miles southeast of Fort Worth, Midlothian considers itself DFW’s southern star. Part of Ellis County, Midlothian is home to about 24,000 residents, according to the United States Census Bureau. Many people are drawn to the city's small-town atmosphere and convenient Dallas-Forth Worth commute, and they continue to move to Midlothian.... Read More
Just 25 miles southwest of Dallas and 29 miles southeast of Fort Worth, Midlothian considers itself DFW’s southern star. Part of Ellis County, Midlothian is home to about 24,000 residents, according to the United States Census Bureau. Many people are drawn to the city's small-town atmosphere and convenient Dallas-Forth Worth commute, and they continue to move to Midlothian. The city's population is expected to reach 31,000 by 2020.
Midlothian is at the crossroads of highways 67 and 287 and closely surrounded by interstates 35W, 35E and 20. Many businesses are attracted to this prime location, making it a thriving center of cement production and manufacturing. Nearly one-quarter of the town’s employment is in the education and health industries.The below results are primarily rent to own homes in Ellis County, TX:
Just 25 miles southwest of Dallas and 29 miles southeast of Fort Worth, Midlothian considers itself DFW’s southern star. Part of Ellis County, Midlothian is home to about 24,000 residents, according to the United States Census Bureau. Many people are drawn to the city's small-town atmosphere and convenient Dallas-Forth Worth commute, and they continue to move to Midlothian.... Read More
Just 25 miles southwest of Dallas and 29 miles southeast of Fort Worth, Midlothian considers itself DFW’s southern star. Part of Ellis County, Midlothian is home to about 24,000 residents, according to the United States Census Bureau. Many people are drawn to the city's small-town atmosphere and convenient Dallas-Forth Worth commute, and they continue to move to Midlothian. The city's population is expected to reach 31,000 by 2020.
Midlothian is at the crossroads of highways 67 and 287 and closely surrounded by interstates 35W, 35E and 20. Many businesses are attracted to this prime location, making it a thriving center of cement production and manufacturing. Nearly one-quarter of the town’s employment is in the education and health industries.The below results are primarily rent to own homes in Ellis County, TX:
One of the community’s strongest selling points among the Ellis County area is its strong school system. The Midlothian Independent School District is one of Texas’ fastest-growing districts, with schools like Midlothian High School recognized for its high student performance. For advanced education, locals can take advantage of Midlothian Higher Education Center’s bachelor and master degree programs.
Buying a Home in Midlothian?
To accommodate Midlothian’s growth, the city approved permits for 473 new single family homes in 2016. By the summer of 2017, the city had issued another 443 building permits for new homes. Many of these houses are already available to the public, providing many new and existing homes for the community. Home prices rose nearly 12 percent, though, with the median price now at $278,058. Homebuyers looking for less expensive homes are in luck too. About 19 percent of all homes here sell for less than $200,000.
Buying vs. Rent to Own Homes?
While buying a home the conventional way involves a flurry of activity in a short period of time, renting to own a home is a more relaxed, long-term process. Rather than requiring an immediate down payment, rent to own homes usually require a small option fee. Rent-to-owners can move into the home right away, making monthly rent premium payments that contribute to the final purchase. At the end of the contract period, rent-to-owners coordinate a mortgage and complete their contract. Many buyers find that the rent to own process gives them time to improve their financial situation and work incrementally toward ownership.
Ideally located in Texas’ famed Metroplex area, Midlothian is an appealing community for businesses, students and residents of all ages. This growing city is in the middle of a flurry of new-home construction, with new homes boasting an average of 3,269 square feet. In addition to these spacious new houses, the city also offers excellent schools, stellar parks and lively community events like Fall Festival and Southern Star Christmas Celebration.
Summary
Ideally located in Texas’ famed Metroplex area, Midlothian is an appealing community for businesses, students and residents of all ages. This growing city is in the middle of a flurry of new-home construction, with new homes boasting an average of 3,269 square feet. In addition to these spacious new houses, the city also offers excellent schools, stellar parks and lively community events like Fall Festival and Southern Star Christmas Celebration.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
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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