Rent to Own Homes in Mt Pleasant
The town of Mount Pleasant is located in Central North Carolina in eastern Cabarrus... Read More
The town of Mount Pleasant is located in Central North Carolina in eastern Cabarrus County. Home to nearly 1,900 residents with a family median income of $55,568, Mount Pleasant is just 34 miles northeast of Charlotte and 100 miles west of Raleigh.The below results are primarily rent to own homes in :
The town of Mount Pleasant is located in Central North Carolina in eastern Cabarrus... Read More
The town of Mount Pleasant is located in Central North Carolina in eastern Cabarrus County. Home to nearly 1,900 residents with a family median income of $55,568, Mount Pleasant is just 34 miles northeast of Charlotte and 100 miles west of Raleigh.The below results are primarily rent to own homes in :
Locals and visitors can explore the town’s long and interesting history at the Eastern Cabarrus Historical Museum. The museum contains 30 rooms of artifacts highlighting the region’s cultural, political and educational history, including Civil War artifacts, vintage clothing, photographs and farming equipment. The museum is located within the Mount Pleasant Collegiate Institute Historic District. The district encompasses seven historic structures built between 1852 and 1933, including Society Hall, Matthias Barrier House, the Boarding House and the President’s House. The town of Mount Pleasant provides a number of local services, including water and waste management. Cabarrus County provides additional services, such as the town’s Cabarrus County Senior Center and a branch of the Cabarrus County public library. Cabarrus County Schools operates the local public schools, including Mount Pleasant Elementary School and Mount Pleasant High School. Mount Pleasant Middle School is one of the district’s newest campuses, built in 2017. It features 155,000 square feet of innovating educational space. Locals also enjoy convenient transportation routes to larger nearby cities. The town sits at the intersection of Mount Pleasant Road and State Highway 73. Highway 49 runs through the northern part of Mount Pleasant, leading west to Charlotte and east to Interstate 74.
Buying vs. Rent to Own Homes
There are a few situations in which rent to own makes sense when you have the option to purchase. A good situation to rent to own is when you’re not sure about a home you’re looking at buying, and you want to test it out for a bit before making a final decision. This way, you have less money on the line if you change your mind.
Renting to own is also a good option if you’re close to qualifying for financing, but you need a little bit more time to get there.
Renting to own doesn’t trap you in a lease like normal renting does – you can buy the home whenever you’re ready. That’s why it’s the good option if you almost have a large enough down payment, if your credit score is close to where you need it to be or if you just need a little more time at your job to build your job history. It also works when you’re waiting for your old home to sell so that you have the cash to purchase your new home.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
Whether you’re interested in purchasing a condo or a townhouse, or if you’ve been touring apartments and houses, rent to own can be a good option for buyers – often with no credit check.
Just because the seller isn’t checking your credit score doesn’t mean you shouldn’t worry about it. You’ll need to have a credit score high enough to qualify for financing if you want to succeed in a rent to buy deal.
In rent to own by owner programs, sellers want to make a profit off of their properties. They will earn rent money from you whether you successfully buy the house or not. So, they don’t really worry about whether you have the credit score to buy it at the end of the lease.
Lease to purchase deals from a company are often less successful than from an owner because companies tend to snatch up cheap foreclosed homes and lease-option them on an “as is” basis.
Owners who are eager to sell their property may ask you to sign a lease-purchase agreement, which is very different from a lease-option because instead of having the option to buy the property before the end of the lease, you legally have to buy it. That can be difficult if you start the deal with bad credit and cannot bring it up high enough to qualify for a mortgage.
Looking for rent to own listings near me? Start your search on the Rent to Own Labs database.
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