Rent to Own Homes in Minden
Minden is a small northwestern Louisiana city that rests just south of Caney Lakes north of Interstate 20. This location is approximately 30 miles south of the Louisiana-Arkansas state line, and Shreveport is about 30 miles to the west. Some of the biggest natural attractions in this area of the state include the Bodcau State Wildlife Management Area, Lake Claiborne State Park, Lake Bistineau State Park and Loggy Bayou Wildlife Management Area. The Ewell Park Recreation Center, Babb Park, Roosevelt Park, Dorcheat Historical Museum, Victory Park and Hinton Memorial Park are all located within Minden city limits.The below results are primarily rent to own homes in :
Minden is a small northwestern Louisiana city that rests just south of Caney Lakes north of Interstate 20. This location is approximately 30 miles south of the Louisiana-Arkansas state line, and Shreveport is about 30 miles to the west. Some of the biggest natural attractions in this area of the state include the Bodcau State Wildlife Management Area, Lake Claiborne State Park, Lake Bistineau State Park and Loggy Bayou Wildlife Management Area. The Ewell Park Recreation Center, Babb Park, Roosevelt Park, Dorcheat Historical Museum, Victory Park and Hinton Memorial Park are all located within Minden city limits.The below results are primarily rent to own homes in :
The City of Minden was created in 1836 by a New York native known as Charles H. Veeder. There were approximately 500 people living within city limits in 1850, and the population grew to more than 6,000 residents by 1920. The population peaked in 1980 with more than 15,000 residents and then fell back to fewer than 14,000 residents by 1990. In 2016, there were approximately 12,500 people living within city limits. Today, Minden is a part of Webster Parish and is known for its close proximity to the former Louisiana Army Ammunition Plant at Camp Minden. It has been named the cleanest city in Louisiana and is served by the Webster Parish School Board. The local public school system includes Minden High School.
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 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
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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