Rent to Own Homes in Morrow
Clayton State University is what Morrow is best known for. A major proponent... Read More
Clayton State University is what Morrow is best known for. A major proponent of the arts, Clayton State University is known to provide over 400 performances on its campus annually. The University is also well known for its athletic programs, and its women's basketball team even won the NCAA Division II national championship in 2011.The below results are primarily rent to own homes in Clayton County, GA:
Clayton State University is what Morrow is best known for. A major proponent... Read More
Clayton State University is what Morrow is best known for. A major proponent of the arts, Clayton State University is known to provide over 400 performances on its campus annually. The University is also well known for its athletic programs, and its women's basketball team even won the NCAA Division II national championship in 2011.The below results are primarily rent to own homes in Clayton County, GA:
Besides being home to the University, Morrow also contains Southlake Mall which is known for a variety of shops both boutique and major retail in nature. A nature trail that extends almost two miles is available to residents of Morrow as well.
Buying a Home in Morrow?
The average home value in Morrow is $92,806, which has increased slightly since the year 2000 when the value was $91,300. This home price in Morrow is significantly lower than $159,300 which is the average price of a home in Georgia as a whole. With a cost of living at 80 compared to the national average of 100, residents can enjoy paying less in their daily lives. This low cost of living in addition to the lower than state average housing price makes Morrow a very affordable choice for home buyers.
Buying Versus Rent to Own?
For those who are looking to buy a home in Morrow, but perhaps do not have the required credit for financing or savings for the down payment, potential home buyers may find that a rent to own property is the solution. Rent-to-own properties require the tenant to rent the property for a set period of time with the understanding that after the predetermined period of time has passed, the tenant will then purchase the home. Unlike a traditional rental, part of the monthly rent will go towards the purchase of the home after the lease period. The fact that you can secure the property to buy when you are ready can be immensely positive. This allows you to move in right away, and then continue to save until you can afford to purchase your home rather than waiting until you can secure financing.
Morrow, Georgia is a quickly growing city in Clayton County and is only a short distance away from the capital of Atlanta. Housing Clayton State University, residents of Morrow can enjoy a wide variety of performances held at the university, or they can also catch sporting events at the university as well. Morrow is a town that also values nature, and as such, it is proud of its nature trails. Those looking to move to Morrow will enjoy the low cost of living and the city's housing prices which are below the Georgia state average.
Summary
Morrow, Georgia is a quickly growing city in Clayton County and is only a short distance away from the capital of Atlanta. Housing Clayton State University, residents of Morrow can enjoy a wide variety of performances held at the university, or they can also catch sporting events at the university as well. Morrow is a town that also values nature, and as such, it is proud of its nature trails. Those looking to move to Morrow will enjoy the low cost of living and the city's housing prices which are below the Georgia state average.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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