Rent to Own Homes in Moyock
The unincorporated community of Moyock is located along the very northeastern edge of the state of North Carolina in Currituck County. Moyock is very close to the Virginia state line along North Carolina Highway 168. Due to its location, the census designated place has undergone much residential building and expansion and Moyock itself is quickly becoming known as a commuter town" for the greater Hampton Roads region. Moyock has a population of around four thousand people and covers 10.5 square miles."The below results are primarily rent to own homes in :
The unincorporated community of Moyock is located along the very northeastern edge of the state of North Carolina in Currituck County. Moyock is very close to the Virginia state line along North Carolina Highway 168. Due to its location, the census designated place has undergone much residential building and expansion and Moyock itself is quickly becoming known as a commuter town" for the greater Hampton Roads region. Moyock has a population of around four thousand people and covers 10.5 square miles."The below results are primarily rent to own homes in :
When the state of Virginia shut down greyhound racing in Norfolk County, the Cavalier Kennel Club (CKC) moved its base of operations just south of the state line into Moyock, North Carolina. However, due to the rampant gambling that the sport drew in, the North Carolina Supreme Court ruled against the CKC in favor of the state's anti dog racing laws and the club was brought to a halt in 1954. Once greyhound racing had been eliminated, residents turned to NASCAR to find their racing fix. The old greyhound track was re-purposed for auto racing between 1962 and 1966. Unfortunately, as attendance began to fail and the track was unable to make money, the racing gambit eventually faded by the late 1960s.
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
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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