Rent to Own Homes in Mineral Wells
Mineral Wells is a small town in North Central Texas, about 50 miles west of Fort Worth. Mineral Springs is part of both Palo Pinto and Parker counties. The United States Census Bureau reported that 16,788 people lived in Mineral Springs at the time of the 2010 census. Mineral Wells's population is relatively young, with about a quarter of the town’s population younger than 18 years old.The below results are primarily rent to own homes in :
Mineral Wells is a small town in North Central Texas, about 50 miles west of Fort Worth. Mineral Springs is part of both Palo Pinto and Parker counties. The United States Census Bureau reported that 16,788 people lived in Mineral Springs at the time of the 2010 census. Mineral Wells's population is relatively young, with about a quarter of the town’s population younger than 18 years old.The below results are primarily rent to own homes in :
Serving this young population is Mineral Wells Independent School District. Mineral Wells Independent operates three elementary schools, Mineral Wells Junior High, Mineral Wells High School and Mineral Wells Academy. Mineral Wells High boasts a few well-known alumni, including NASA Astronaut Millie Hughes-Fulford, NFL player Adrian Colbert and songwriter Shane McAnally. Mineral Wells has a history as a hub for law enforcement offices. The Texas Department of Criminal Justice maintains its Mineral Wells District Parole Office in town, and the Mineral Wells Pre-Parole Transfer Facility was located in town until 2013. Other top area employers include Mineral Wells ISD, Palo Pinto General Hospital, PECOFacet, Baker Hughes, Ventamatic and Genesys Aerosystems. Locals enjoy access to a number of convenient services and recreation options. Local services include Mineral Wells Post Office, Boyce Ditto Public Library and Mineral Wells Airport. For recreation, Lake Mineral Wells and its State Park and Trailway are located in town, offering rock climbing, boating, fishing, camping and trail hiking, biking and horseback riding. Mineral Wells Fossil Park, National Vietnam War Museum, Little Rock Schoolhouse Museum, Clark Gardens and Palo Pinto Mountains State Park provide additional recreation and interest.
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
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
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