Rent to Own Homes in Muscle Shoals
Muscle Shoals is a small city in northwestern Alabama that rests just south of the Tennessee River and less than five miles south of Florence. Huntsville is about 65 miles to the east, and Birmingham is about 100 miles to the south. This region also places residents a short drive from many cities in southern Tennessee and eastern Mississippi.The below results are primarily rent to own homes in :
Muscle Shoals is a small city in northwestern Alabama that rests just south of the Tennessee River and less than five miles south of Florence. Huntsville is about 65 miles to the east, and Birmingham is about 100 miles to the south. This region also places residents a short drive from many cities in southern Tennessee and eastern Mississippi.The below results are primarily rent to own homes in :
This region of Alabama is best known for the Muscle Shoals music industry. There were multiple Muscle Shoals sound studios within the current city limits at one time, and many popular songs are believed to have started in this small town. There now approximately 13,000 people residing within city limits, and growth has been slow over the years. Many residents appreciate the small-town atmosphere and slower pace of life. Muscle Shoals residents are served by the Muscle Shoals City School District, which includes a preschool, a few elementary schools, one middle school and one high school. Students may also attend the Muscle Shoals Center for Technology. As of the 2010 census, the median income per household was close to $50,000 and the median income per family was just over $60,000. Residents have the option of finding employment within city limits or commuting over the river to take advantage of additional job opportunities in Florence.
Buying vs. Rent to Own Homes
Renting to own a home and buying a home both have the same end goal – you own the house you’re interested in. The difference between the two is your timeline. Buying a property is a great idea if you’re sure about the property and you have financing to purchase it today.
Lease-options are a good idea when you’re having doubts about the house or if you’re not financially ready to own the house you’re looking at. They’re a good option if you almost have a high enough credit score, a steady enough job history or a big enough down payment to qualify for financing on the home, but you need some more time to qualify. Rent to own gives you time to get your affairs in order, ability to try out a house and flexibility to close on the home when you’re ready – without having to wait for the end of a lease.
To be clear, if you can buy a house today, you should do it. If you’re looking at buying within the next three years, rent to own is a good way to start the process.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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